Crypto derivatives trading platform Delta Exchange has today launched options trading for two major altcoins, BNB and LINK.
Cryptocurrency derivatives trading platform Delta Exchange has today launched options trading for two major altcoins, Binance Coin (BNB) and Chainlink’s LINK.
In an announcement on June 19, the exchange indicated it would be following the launch of its options for BNB and LINK with similar contracts for Tezos (XTZ), Atomic Coin (ATOM), XRP and Litecoin (LTC).
Delta’s CEO Pankaj Balani told Cointelegraph that BNB and LINK are two of the most active coins on the exchange and that the launch of the new contracts was in response to “a lot of inbound interest from traders.”
Delta’s approach to crypto options trading
Delta already offers options for Bitcoin (BTC) and Ether (ETH), in the form of a specifically-designed contract called “Move.”
As reported, conventional options are tradable derivative contracts that allow market participants to purchase either a right to buy (a call option) or sell (a put option) a given asset at a specified “strike price.” This strike price is determined on or before the contract’s expiration date.
Options therefore provide exposure factors that include “moneyness” (the asset’s current price vs.