OKEx Bitcoin Options Trading Now Open for All, Gets Great Response from Community

The BTCUSD Options market created by OKEx—the most important spot and futures digital asset trade platform is lastly open to the general public. Developed in-house, the platform went dwell on Thursday, January 9, 2020, following the profitable conclusion of simulation run in addition to the unique invite-only buying and selling section. With this newest growth, OKEx has grow to be the one crypto trade to supply C2C, Spot, Futures, Perpetual Swap and Options Trading on a single platform.

The brand new OKEx Options Trading platform has a a lot sooner, strong buying and selling infrastructure which not solely helps “purchase” but additionally “write” choices for enhanced commerce flexibility and transparency in commerce costs. It additionally implements a complicated danger administration system that options mark costs, day by day settlement guidelines, and brief qualification guidelines. The platform has additionally contributed a complete of 150 BTC in direction of the BTCUSD Options insurance coverage fund to attenuate the clawback danger.

Talking in regards to the launch, the CEO of OKEx Jay Hao stated, “We developed OKEx choices buying and selling from stretch and it represents a whole improve of OKEx’s buying and selling structure. We’ve all the time been enthusiastic about bringing a sooner, extra steady and strong infrastructure to the crypto group. OKEx Options has simply added a refined contact to our full-suite product portfolio, ranging from spot with margin buying and selling, futures and perpetual swap markets.”

In keeping with the knowledge offered by OKEx, a few of the advantages supplied by the brand new Options Trading platform consists of:

  • Clear worth discovery in a one-stop buying and selling atmosphere
  • A sturdy anti-manipulation system, confirmed and acknowledged at a number of market crashes
  • Cryptocurrency Settlement, eliminating geographical limitations
  • Mark worth at settlement time as settlement worth
  • Mirrored futures, swap with underlying spot market, enabling diversified buying and selling methods
  • 24/7, API-supported buying and selling, continuous profitmaking alternative

Stating additional, Hao stated, “With such new providing, OKEx can present further comfort for our customers to diversify their buying and selling methods. We additionally provide incentive to draw new customers by holding buying and selling simulation and reward schemes, encouraging our customers to take their first step.”

A day earlier than the general public launch, the OKEx BTCUSD Options information was added to skewAnalytics. On the exact same day, the platform in its invite-only buying and selling interval dealt with volumes value $2.6 million.

 

The utmost quantity on OKEx BTCUSD Options to date stands at $eight.6 million, inserting the newly launched buying and selling product at a mean quantity of $5.6 million as on Jan 11, 2019.

These wishing to start out buying and selling with OKEx BTCUSD Options can study extra in regards to the course of on the just lately printed OKEx Options Person Information.

 

 

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