OKEx Introduces Ether Options, Says EOS Options is Coming

The biggest cryptocurrency spot and derivatives exchange worldwide, OKEx, has launched its Ether (ETH/USD) options contracts on its trading platform. As announced by the exchange, it has already donated 1,000 ETH to the ETH/USD Options insurance fund towards the minimization of clawback risk.

Likewise, it will introduce EOS/USD options market on June 18, making the exchange a leader in innovation in the industry. In the cryptocurrency trading space, the exchange is renowned for derivatives trading and has been a leader in the industry when it comes to trading volume.

“In addition to offering major crypto futures and perpetual swaps (BTC, ETH, etc.), OKEx has also launched BTC/USD options. According to skew data, OKEx BTC/USD options has come out in front with an average daily transaction volume of more than $10 million. The launch of the ETH/USD options and the upcoming EOS/USD options will further enrich the OKEx derivatives portfolio.”

OKEx is also promoting options as a trading risk hedge, allowing traders to buy or sell the underlying asset to hedge risk in maximizing profits. It is different from futures as buying or selling of the asset is not necessary for holders.

In the words of the exchange’s CEO, Jay Hao, the introduction of the ETH/USD options offers its users more trading tools in fulfilling their needs of executing different trading strategies. The OKEx BTC/USD options have been successful, so this will also offer users a better options trading experience, said Hao. He said the exchange would continue to bring on innovations in its products and offer users with one-stop trading services.

Skew data noted that OKEx has moved ahead of Bitmex and become the biggest BTC futures exchange by open interest. The introduction of ETH options should bring more improvement to the exchange’s options portfolio, further confirming its position as the leading crypto exchange in derivatives.

The exchange uses Black’s model on real-time market data analysis to determine the mark prices. The time-weighted average of the asset’s price over a period before the contract expires determines the final settlement price.

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