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Cryptocurrency exchange OKEx has announced its plans to launch options trading this month.
According to a press release, options trading – a type of derivatives trading that allows the buyer to purchase or sell an underlying asset after paying a premium – will commence on OKEx on Dec. 27 and simulation will begin on Dec. 12.
Users would be able to choose from a broad range of products to best fit their trading and hedging strategies. With the launch of options trading, OKEx said that it will be the first cryptocurrency exchange to offer C2C, spot, futures, perpetual swap, and options trading – all under the same roof.
“OKEx Options represents a complete upgrade to the platform’s trading architecture, backed by a faster, more stable and robust infrastructure,” the exchange said.
As per the details, OKEx Options will offer both buy and write options, enhancing trade flexibility and market transparency with trade prices closely reflecting market trends. It also includes an anti-manipulation system that averages out the spot data from multiple platforms to obtain a fair settlement price.
Jay Hao, CEO of OKEx, said that there has been a growing demand for crypto derivative products across all client segments, particularly institutional clients.
“Options is a unique instrument that enable traders to manage, price and hedge the volatility of crypto assets with a combination of option contracts. It also gives a trader the ability to take advantage of more than just market direction,” 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.”
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