Advertisement
Australia markets close in 4 hours 48 minutes

  • ALL ORDS

    7,849.00
    -88.50 (-1.12%)
     

  • ASX 200

    7,589.40
    -93.60 (-1.22%)
     

  • AUD/USD

    0.6529
    +0.0005 (+0.08%)
     

  • OIL

    83.89
    +0.32 (+0.38%)
     

  • GOLD

    2,338.90
    -3.60 (-0.15%)
     

  • Bitcoin AUD

    98,182.85
    -632.35 (-0.64%)
     

  • CMC Crypto 200

    1,383.08
    +0.50 (+0.04%)
     

  • AUD/EUR

    0.6083
    +0.0010 (+0.16%)
     

  • AUD/NZD

    1.0944
    -0.0014 (-0.12%)
     

  • NZX 50

    11,876.20
    -70.23 (-0.59%)
     

  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     

  • DAX

    17,917.28
    -171.42 (-0.95%)
     

  • Hang Seng

    17,284.54
    0.00 (0.00%)
     

  • NIKKEI 225

    37,657.55
    +29.07 (+0.08%)
     

Delta Exchange Claims First With Crypto Options Settled in Tether Stablecoin

Sebastian Sinclair
Updated ·1-min read

Cryptocurrency derivatives platform Delta Exchange now offers put and call options contracts settled in the stablecoin tether (USDT).

  • Calling the news an industry first, the Singapore-based firm also said Thursday it’s one of just four crypto exchanges to offer a full order book for puts and calls.

  • The options contracts will be offered for trading on bitcoin (BTC) ether (ETH), Chainlink (LINK) and Binance coin (BNB) with daily, weekly and monthly maturities.

  • Options contracts give holders the right to buy or sell the underlying asset at a set price on a set date in the future.

  • Unlike futures, a holder of an options contract is not required to buy or sell the asset if they choose not to do so – hence the name.

  • Delta Exchange CEO Pankaj Balani said the options market is an “integral part” of the derivatives ecosystem and he expects daily turnover on his platform to surpass futures demand in the next six to nine months.

  • The new call and put options, which are expected to attract retail and institutional traders alike, are available from today.

See also: Delta Exchange Predicts $40 Price for COMP Ahead of Governance Token Deluge

Related Stories