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OKEx Launches BTC Options Trading For Selected Traders Ahead Of January Launch

Crypto exchange OKEx has launched Bitcoin (BTC) options trading for a selected group of traders ahead of a public launch in January 2020.

On Dec. 26 a press release was shared by the exchange, OKEx currently ranks as the third-largest by daily trading volume globally while indicating that the new contract will be settled daily in Bitcoin (BTC).


#OKExOptions: Early access is now live! Be the first to experience #cryptocurrency options trading at @OKEx by filling out this form: https://t.co/SnlHsYuLA2 pic.twitter.com/q6KTZ7Ynro — OKEx (@OKEx) December 26, 2019
The crypto exchange states that the Bitcoin options contract will be based on the Black-Scholes pricing model a valuation algorithm that had been the basis for the pricing model of options on traditional assets since the early 1970s.

Contract Will Use Real-Time Data

The contract will use real-time data and reportedly being introduced as part of a revamp of the platform’s entire trading infrastructure. The Malta-based crypto exchange adds that the introduction of options alongside existing margin trading, futures, and perpetual swaps markets will diversify the trading and hedging strategies available to OKEx users.

<img width="740" height="380" src="https://www.cryptonewspoint.com/wp-content/uploads/2019/12/jason-briscoe-trading_trading_chart-unsplash.jpg__740x380_q85_crop_subsampling-2.jpg" alt="" class="wp-image-7804 lazyload" />

Lennix Lai, financial market director of OKEx said:

“Options are a unique instrument that enables traders to manage, price and hedge the volatility of crypto assets […] to take advantage of more than just market direction. We welcome clients from different segments, especially from our institutional clients, who have shown the fastest-growing demand in derivatives trading, especially on futures and perpetual swaps.”

The public accessibility for the new options contract will be available on January 9. 2020.

Source: Cointelegraph

 
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