OKEx is adding cryptocurrency options to its existing offerings of spot and futures trading.
The Malta-based exchange said Monday that simulated options trading will commence on Dec. 12, with live trading kicking off on Dec. 27.
To cut the risk of manipulation of closing prices, OKEx said it averages spot data from a number of platforms to get a "Fair" settlement price for its options products.
"The options mark price is determined by OKEx in real time using the Black-scholes pricing model. Since a single transaction or quote cannot affect the options market - which only responds to estimated options volatility," the exchange said.
To get trading, platform users will have to complete a "Suitability test" to show an understanding of the options products, as well as pass know-your-customer verification.
"Options is a unique instrument that enable traders to manage, price and hedge the volatility of crypto assets with a combination of option contracts," OKEx CEO Jay Hao said.
"As the crypto market evolves, we aim to build a complete derivatives product suite, delivering solutions to optimize users' trading strategies. OKEx Options is a major step towards this goal."
The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose.
The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional.
You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.
Crypto Exchange OKEx Launching Options Trading Later This Month
Publié le Dec 9, 2019
by Coindesk | Publié le Coinage
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