Deribit Adds Ethereum Contracts to Daily Options Offering
- There will be no settlement fees for daily contracts.
Deribit, a leading digital asset margin Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, announced on Monday the addition of daily Ethereum options.
Announced with a tweet, this is the second such instrument listed on the exchange as, earlier this month, the platform started offering daily Bitcoin index options to its client base.
Our #Ethereum daily options are launching today at 12:00 UTC pic.twitter.com/U44BQoASFc
— Deribit (@DeribitExchange) February 17, 2020
The new Ethereum-based product is having a strike price interval of $5 and the rest of the parameters were kept similar to the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term contracts, meaning the new instrument has a lifetime of two days and can be traded 24 hours preceding the expiry at 08:00 UTC every day.
A derivatives market leader
Based in Panama, Deribit is one of the leading crypto derivatives platforms, handling 90 percent of the total crypto margin trades, according to Skew.
The platform is still facing competition in the market from many major players entering the derivatives arena and thus expanding its offerings to at least maintain its existing client base, if not adding more.
The exchange also detailed that the fees for the newly added instrument will be similar to other offerings, but there will be no settlement or delivery fees for its daily products.
“Daily options only have one or two days remaining lifetime and thus lower time value or premium and thus [are] cheaper. These shorter-dated, cheaper options are great instruments to use for short term strategies enabling the trader to hedge events or benefit from expected short term moves,” Coindesk quoted Andras Caron, CMO at the derivatives exchange.
Deribit is also going to reduce the tick size for all ether options from the current 0.001 ETH to 0.0005 ETH from February 19.
Previously based in the Netherlands, the derivatives exchange moved to Panama this month due to the newly enforced Fifth Anti-Money Laundering Directive (5AMLD) across Europe.
Deribit, a leading digital asset margin Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, announced on Monday the addition of daily Ethereum options.
Announced with a tweet, this is the second such instrument listed on the exchange as, earlier this month, the platform started offering daily Bitcoin index options to its client base.
Our #Ethereum daily options are launching today at 12:00 UTC pic.twitter.com/U44BQoASFc
— Deribit (@DeribitExchange) February 17, 2020
The new Ethereum-based product is having a strike price interval of $5 and the rest of the parameters were kept similar to the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term contracts, meaning the new instrument has a lifetime of two days and can be traded 24 hours preceding the expiry at 08:00 UTC every day.
A derivatives market leader
Based in Panama, Deribit is one of the leading crypto derivatives platforms, handling 90 percent of the total crypto margin trades, according to Skew.
The platform is still facing competition in the market from many major players entering the derivatives arena and thus expanding its offerings to at least maintain its existing client base, if not adding more.
The exchange also detailed that the fees for the newly added instrument will be similar to other offerings, but there will be no settlement or delivery fees for its daily products.
“Daily options only have one or two days remaining lifetime and thus lower time value or premium and thus [are] cheaper. These shorter-dated, cheaper options are great instruments to use for short term strategies enabling the trader to hedge events or benefit from expected short term moves,” Coindesk quoted Andras Caron, CMO at the derivatives exchange.
Deribit is also going to reduce the tick size for all ether options from the current 0.001 ETH to 0.0005 ETH from February 19.
Previously based in the Netherlands, the derivatives exchange moved to Panama this month due to the newly enforced Fifth Anti-Money Laundering Directive (5AMLD) across Europe.