The BTCUSD Bitcoin Options market created by OKEx — the largest spot and futures digital asset exchange platform is finally open to the public. Developed in-house, the platform went live on Thursday, January 9, 2020, following the successful conclusion of simulation run as well as the exclusive invite-only trading phase. With this latest development, OKEx has become the only crypto exchange to offer C2C, Spot, Futures, Perpetual Swap and Options Trading on a single platform.
The new OKEx Bitcoin Options Trading platform has a much faster, robust trading infrastructure which not only supports “buy” but also “writes” options for enhanced trade flexibility and transparency in trade prices. It also implements a sophisticated risk management system that features mark prices, daily settlement rules, and short qualification rules. The platform has also contributed a total of 150 BTC towards the BTCUSD Options insurance fund to minimize the clawback risk.
Speaking about the launch, the CEO of OKEx Jay Hao said, “We developed OKEx options trading from stretch and it represents a complete upgrade of OKEx’s trading architecture. We have always been excited about bringing a faster, more stable and robust infrastructure to the crypto community. OKEx Options has just added a refined touch to our full-suite product portfolio, ranging from the spot with margin trading, futures and perpetual swap markets.”
According to the information provided by OKEx, some of the benefits offered by the new Options Trading platform includes:
Stating further, Hao said, “With such new offering, OKEx can provide extra convenience for our users to diversify their trading strategies. We also offer an incentive to attract new users by holding trading simulation and reward schemes, encouraging our users to take their first step.”
A day before the public launch, the OKEx BTCUSD Options data was added to skews analytics. On the very same day, the platform in its invite-only trading period handled volumes worth $2.6 million.
The maximum volume on OKEx BTCUSD Options so far stands at $8.6 million, placing the newly launched trading product at an average volume of $5.6 million as on Jan 11, 2019.
Those wishing to start trading with OKEx BTCUSD Options can learn more about the process on the recently published OKEx Options User Guide.
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