Binance Exchange Launches Options …

Binance launches Ethereum and XRP options contracts

Binance cryptocurrency exchange this morning announced the launch of Ethereum and XRP options. Like Bitcoin options, for now they will only be available in the mobile app.

Binance listed options for bitcoin in mid-April. ETH and XRP contracts are available for settlement in time frames from 10 minutes to 1 day. The maximum contract size within one application is 200 ETH and 200,000 XRP, respectively. The strike price of an option is the last price of the relevant contract on the Binance Futures platform..

According to the Skew analytical platform, Deribit remains the largest platform in terms of active positions on bitcoin options. It is followed by LedgerX, OKEx and CME..

Binance Exchange Launches Option ...

According to Binance’s own statement, on April 20, the trading volume of its bitcoin options reached $ 295 million, and a day after the launch of the new instrument, it bypassed its closest competitors in this indicator..

As noted in the company, the existing offerings of options in the cryptocurrency market are characterized by insufficient liquidity, especially for contracts with later expiration dates. Binance solves this problem by shortening the list of available contracts in one day. One of the main remarks about Binance contracts is connected with this feature, it is problematic to use them for hedging due to their focus on short-term trading..

Binance Exchange Launches Option ...

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