We have quit a few OTC players, such as, BitMEX, OKEx, Binance who are well equipped with crypto-derivatives markets.

Of late, Binance appeared to be gearing-up at the most likely expansionary business venture into various marketplaces. The renowned crypto exchange, Binance’s strategic alliance with FTX that led to investment flow to acquire minority stake in Crypto-Derivative Exchange, ‘FTX’, after their M&A deal between ‘Binance and Indian crypto-exchange WazirX’ has kept them in limelight.

More evidently, ‘Binance’ has also been in the news in the recent past to penetrate the Korean market. They’ve announced the trading mechanism of the crypto-to-crypto exchange to access the South Korean trading.

But for now, the Maltese exchange, Binance has made announcement of the launch of ‘Bitcoin Options Trading’ mechanism on its futures platform.

This would be an American style option, and hence, traders can exercise the right of the contract at any time before the expiry. The mechanism offers a shorter time frame as compared to conventional method of options trading, ranging from 10 mins to 1 day.

The conventional options instruments will usually be less liquid, especially for options that are deep out-of-the-money. With an objective of circumventing this, Binance Options are designed with only one strike price which is almost equivalent to the contract price on Binance Futures.

They had recently announced two Testnet Platforms for cryptocurrency futures products to better serve their users. They reckoned that the new attempt likely to facilitate users the liberty to explore each product and its offerings ahead of the official Binance Futures launch. Now, they’ve come up with the optionality to cryptos, let’s wait and see how would it capitalize.