Huobi Futures to Launch Options Trading This Week, Joining Throng Challenging De

[Galaxy]

Huobi Futures, the crypto derivatives unit of Huobi Group, said Monday it will offer trading in bitcoin options starting Tuesday, aiming to meet a surging demand from traders to hedge against risks in cryptocurrency markets.

Options contacts on bitcoin (BTC) will be available for trading, starting from 10:00 UTC on Sept. 1, according to a press release.
Huobi’s options will be quoted in tether (USDT), a dollar-backed stablecoin.
The exchange will offer weekly, bi-weekly and quarterly options contracts. Option purchasers will be able to exercise their right to buy or sell only on expiry.
Info link: https://www.coindesk.com/huobi-options-trading-deribit

[highnayem34]

A call option represents a right but not the obligation to buy the underlying asset at a predetermined price on or before a specific date. A put option represents a right to sell.