OKEx to Launch Crypto Options Trading Later This Month
- The launch has been scheduled for December 27.
Crypto exchange OKEx on Monday announced its plan to launch a crypto options 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.
Dubbed OKEx Options, the platform will be based on an upgraded infrastructure, and, according to the exchange, it will be faster and more stable.
The platform will initiate simulation trading next Thursday, while it will be launched on December 27.
Commenting on the prospect, Jay Hao, chief executive of OKEx, said: “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 Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools to all our clients from institutional to retail market participants.”
A universal platform
The Malta-registered exchange is among the top spot exchanges for digital asset trading in terms of trading volume. With the introduction of the new service, the portfolio of the exchange includes spot market trading, futures trading, and perpetual swap offering.
Options are a type of derivative, which allows traders to enter into buying or selling the contract of an asset without any obligation of buying or selling. Traders only need to pay a fee if the deal is not suitable at the maturity.
As crypto derivatives are seen as the gateway of institutional entrance into the sector, major players are planning to offer it. Both CME Group and ICE-backed Bakkt are in line to launch crypto options after the success of their Bitcoin futures product - the former will launch its product on January 13 while Bakkt will launch its product later today.
“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. 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,” Hao added.
Crypto exchange OKEx on Monday announced its plan to launch a crypto options 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.
Dubbed OKEx Options, the platform will be based on an upgraded infrastructure, and, according to the exchange, it will be faster and more stable.
The platform will initiate simulation trading next Thursday, while it will be launched on December 27.
Commenting on the prospect, Jay Hao, chief executive of OKEx, said: “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 Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools to all our clients from institutional to retail market participants.”
A universal platform
The Malta-registered exchange is among the top spot exchanges for digital asset trading in terms of trading volume. With the introduction of the new service, the portfolio of the exchange includes spot market trading, futures trading, and perpetual swap offering.
Options are a type of derivative, which allows traders to enter into buying or selling the contract of an asset without any obligation of buying or selling. Traders only need to pay a fee if the deal is not suitable at the maturity.
As crypto derivatives are seen as the gateway of institutional entrance into the sector, major players are planning to offer it. Both CME Group and ICE-backed Bakkt are in line to launch crypto options after the success of their Bitcoin futures product - the former will launch its product on January 13 while Bakkt will launch its product later today.
“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. 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,” Hao added.