The transaction occurred on the secondary market; Deribit declined to state its current valuation.
Shyft’s Veriscope product now boasts some 35 crypto service providers including Binance, Bitfinex, Tether and Huobi.
Bitcoin has been trending higher for two days but ether is in the spotlight now.
The eye-watering strike option supplants the company's previous $300,000 maximum offering listed on Jan. 9.
Back in October, one trader made a long-shot bet that bitcoin would hit $36,000 by January. It paid off in a spectacular way.
$14.5 billion in bitcoin options have traded on Deribit in the first two weeks of 2021.
It supersedes the $200,000 option on Deribit as the maximum one can wager.
Bitcoin hit another all-time high today while ether traders are paying royally to get in on the options action.
Deribit is now offering traders the ability to bet on bitcoin's rally reaching $200,000 by late December.
A week ago last Thursday, Deribit made news by introducing call and put options at the $100,000 strike price.
Options at the $100,000 strike price expiring on Sept. 24, 2021, went live on Deribit Thursday.
Bitcoin continues to appreciate in price as ether options interest wanes after a hot November.
As bitcoin rallied from $13,400 to over $19,000, a trader who bought the $36,000-strike January expiry call saw a paper profit of more than $4 million.
A combination of volume, derivatives action and infrastructure improvements led bitcoin’s price to go where it hasn’t gone before. Ether is looking supremely bullish, too.
Daily volume for bitcoin options have hit lifetime highs on crypto derivatives exchange Deribit.