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Could you elaborate on bitcoin options contracts? Specifically, how do they differ from traditional options trading, and what role do they play in the <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> ecosystem? What kind of risk-hedging opportunities do they offer investors? Additionally, how are they priced and what factors influence their value? Furthermore, what are the potential benefits and drawbacks of utilizing bitcoin options contracts for both individuals and institutions? Finally, could you provide a step-by-step explanation of how a bitcoin options contract works from inception to expiration?
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