Gate.io, Huobi Enter Booming Crypto Options Scene

[Riya143]

As the crypto options market explodes, crypto exchange Gate.io opens its new options trading feature and rival Huobi preps for a launch later this year.

Chicago's Gate.io said Tuesday its first bitcoin options contract had been released, with short-term expiries of up to 24 hours.
This comes as crypto options volumes went from $200 million in August 2019 to over $3 billion in May 2020, according to data site CryptoCompare. Following the bitcoin halving, options volumes settled at $2.5 million last month.
Read More: https://www.coindesk.com/gate-io-huobi-enter-booming-crypto-options-scene