Crypto Exchange OKEx Set to Launch Options Trading

OKEx, a Malta-based digital assets exchange, announced on Monday it is set to launch Options Trading, which will start on December 27th with simulation beginning on December 12th.

Options Trading is a type of derivatives trading that gives the buyer the ability to purchase or sell an underlying asset after paying a premium. OKEx Options will offer both buy and write options, which enhances trade flexibility and market transparency with trade prices that closely reflect market trends. OKEx’s version is a major improvement upon other platforms that only support buy options.”

OKEx also reported that Options Trading includes a “rigorous anti-manipulation system.” While sharing more details, Jay Hao, CEO of OKEx, stated:

“We are excited about the launch, given the increasing demand of crypto derivative products across all our client segments, especially institutional clients that showed the fastest growing demand in derivative trading. We aim to provide the broadest range of trading and risk management tools to all our clients from institutional to retail market participants. Options is a unique instrument that enable traders to manage, price and hedge the volatility of crypto assets with a combination of option contracts. It also gives a trader the ability to take advantage of more than just market direction.”

Hao went on to add:

“As the crypto market evolves, we aim to build a complete derivatives product suite, delivering solutions to optimize users’ trading strategies. OKEx Options is a major step towards this goal.”

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