Delta Exchange launches options trading for Solana and Cardano

[RSRS]

Crypto derivatives platform Delta Exchange announced Wednesday that it has launched futures trading on Solana (SOL) and Cardano (ADA), giving investors a new access point to the leading altcoins.

Initial rollout of SOL and ADA call and put options will have daily maturities, with weekly and monthly maturities to be made available at a later date, Delta said.

Options give owners the right, but not the obligation, to buy or sell a specific security at a specified price within a pre-defined timeframe. Call and put options are used heavily in traditional markets but have become more prevalent within crypto markets.

Delta Exchange already provides options trading for Bitcoin (BTC), Ether (ETH), XRP (XRP), Bitcashpay (BCP) and Binance Coin (BNB). As Cointelegraph reported, the derivatives exchange launched several options products in mid-2020.

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[yohananaomi]

Crypto derivatives platform Delta Exchange announced Wednesday that it has launched futures trading on Solana (SOL) and Cardano (ADA), giving investors a new access point to the leading altcoins.

Initial rollout of SOL and ADA call and put options will have daily maturities, with weekly and monthly maturities to be made available at a later date, Delta said.

Options give owners the right, but not the obligation, to buy or sell a specific security at a specified price within a pre-defined timeframe. Call and put options are used heavily in traditional markets but have become more prevalent within crypto markets.

Delta Exchange already provides options trading for Bitcoin (BTC), Ether (ETH), XRP (XRP), Bitcashpay (BCP) and Binance Coin (BNB). As Cointelegraph reported, the derivatives exchange launched several options products in mid-2020.

More Information

every time there is an improvement for progress, of course we must appreciate it because it will clearly provide convenience that can be done in the future. although in the future, whether it can continue to grow or not, it's up to them to do it themselves and be able to give investors trust that can be understood well.


hopefully Delta Exchange can develop and become partners with other exchanges so that there are many alternatives that can be used as long as they are better.