Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Oxumare on June 04, 2020, 07:18:32 PM
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Cryptocurrency exchange OKEx announced the launch of its Ether options contracts on its trading platform.
Cryptocurrency exchange OKEx announced the launch of Ether (ETH) options contracts on its trading platform.
According to a June 4 announcement, following today’s launch of ETH options, OKEx will also launch EOS options contracts on June 18. The firm also announced that it placed 1,000 ETH in the ETH Options insurance fund to prevent clawback.
OKEx promotes options as a trading risk hedge
Per the announcement, options allow traders to buy or sell the underlying asset to hedge risk and maximize profits. The announcement explains how the contract differs from futures:
“Different from futures, holders don’t have to buy or sell the asset if they choose not to.”
Read More (https://cointelegraph.com/news/crypto-exchange-okex-launches-ether-options-eos-options-to-follow)