OKEx has opened public access to options for the BTC / USD pairOKEx cryptocurrency exchange this Thursday announced the official launch of the BTC / USD options market for all users of the platform. Previously, the tool was available exclusively to customers who received a special invitation.

OKEx has opened public access to options for the BTC / USD pair

Cryptocurrency exchange OKEx in this Thursday announced on the official launch of the options market for the BTC /USD for all platform users. Previously, the tool was available exclusively to customers who received a special invitation.

According to the press release, to mitigate the risks, OKEx has allocated 150 BTC in favor of the BTC / USD options insurance fund.

The company says its options use an enhanced anti-manipulation mechanism based on the Black-Scholes pricing model. This model assumes that if the underlying asset is traded on the market, then the price of the option on it is already implicitly set by the market itself..

Unlike futures, where both parties are required to fulfill the terms of the contract, an option gives its buyer the right, but not the obligation, to buy or sell an asset at a predetermined price at a certain point in the future. In this case, the seller of the option cannot refuse to fulfill the terms of the contract. He compensates for additional risks with a premium that the buyer transfers to him at the conclusion contract.

“We developed our options from scratch. They represent a complete overhaul of OKEx's trading architecture, said Jay Hao, CEO of OKEx. - OKEx Options expands a portfolio of products ranging from leveraged spot trading to futures and perpetual swaps..

In the future, the exchange promises to launch portfolio margin products to improve the efficiency of working with the asset.

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