RATE Group | Cryptocurrency Exchange OKEx to Launch Options Trading This Month
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Cryptocurrency Exchange OKEx to Launch Options Trading This Month

09 Dec Cryptocurrency Exchange OKEx to Launch Options Trading This Month

Posted at 12:05h in Cryptocurrency News by

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Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27.

In a press release on Dec. 9, the exchange said that the addition of options makes OKEx the “first crypto exchange to offer C2C, spot, futures, perpetual swap, and options trading under the same roof.” 

The options will allow the platform’s users to buy or sell an underlying asset after paying a premium. While real options trading will begin on Dec. 27, simulated trading is scheduled to start in just three days, on Dec. 12.

A major upgrade for OKEx

To implement options, the firm reportedly upgraded its entire system and infrastructure, including the addition of an anti-price manipulation system.

The option price is determined in real-time by employing the Black-Scholes pricing model, which considers volatility, option type, underlying asset price, time, strike price and risk-free rate. OKEx CEO Jay Hao commented:

“Options is a unique instrument that enable traders to…

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