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..
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.US will begin trading without residents of 13 states American cryptocurrency exchange Binance.US this Tuesday revealed additional details…
Binance joins Ethereum 2.0 staking Binance cryptocurrency exchange today announced that starting December 2, its customers will be able to accept…
Binance exchange expects to earn $ 1 billion in 2018 Binance cryptocurrency exchange expects to earn from $ 500 million to $ 1 billion this year,…
Huobi Exchange Launches Investment Product Based On Its New Index Cryptocurrency Exchange Huobi Announces The Launch Of A Cryptocurrency Index Fund…
Binance is ready to open its first crypto-fiat platform After four months of preparation, Binance announced that it is ready to launch…