OKEx cryptocurrency exchange has opened its crypto trading platform for ether options contracts. The EOS/USD options is going to launch on June 18, as per the press release.
Now, crypto traders can take this opportunity and get the benefits of ETH/USD options contracts from one of the largest spot and derivatives exchange in just a few clicks, in addition to major crypto futures and perpetual swaps (BTC, ETH, etc.).
As per the displayed information, on the company’s press room, to offer the uninterrupted benefit of this innovation, OKEx in the process of curtailing the risk factor of clawback has already put 1000 ETH to the ETH/USD Options insurance fund, as a provision.
Jay Hao, CEO of OKEx, said that “the launch of the ETH/USD options provides our users with more trading tools to fulfill their needs of executing different trading strategies.”
OKEx to Offer Better Trading Options with ETH/USD Contracts
OKEx is one of the outperforming crypto derivatives exchange platform and ranking 4th in terms of trading volume on the cryptocurrency data tracking website CoinMarketCap.
The company is already offering BTC/USD options and playing a crucial role while delivering it’s spot and derivatives services globally.
“Based on the success of the OKEx BTC/USD options, we are confident to bring users a better options trading experience,” said Hao.
OKEx in the announcement mentioned that options trading would facilitate the traders to buy and sell cryptos which can be seen as a good aspect in terms of hedging the trading risk factor and make innumerable profits.
Hao stated, “OKEx will never stop innovating our products and provide users with one-stop trading services. For example, EOS/USD options will open soon on OKEx. Stay tuned!”
The derivative portfolio of the exchange is already carrying out well and as per the displayed information on the website, OKEx BTC/USD options are receiving almost $10 million daily average transaction volume.
With ETH/USD and imminent EOS/USD options services, the numbers are likely to increase and so the traction of the crypto investors and traders on OKEx, to enrich their cryptocurrency portfolios.
As per the Skew data, the leading crypto derivative platform has almost surpassed its competitor Bitmex and has become the largest BTC futures exchange by open interest.
ETH/USD Options Trading Benefits
Reportedly, OKEx’s Eth/USF trading options facilitate the crypto traders/investors a low-cost way to hedge the risk and maximize the returns.
With ETH/USD option trading the users can have an experience of “sophisticated risk management system, including Mark Price, Daily Settlement, and Short Qualification” comparing spot trading.
The company is expecting that the new development can lead to the new progression in its options trading segment, after the launch of ETH options.