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Cryptocurrency Series: OKEx Extends Its Crypto-Derivative Product Line By Unveiling Ether Options
OKEx seems to be one-stop crypto-derivatives marketplace as they constantly keep adding new derivatives instruments for their wide range of crypto-derivatives offering.
The renowned exchange among the gamut of cryptocurrency derivatives, ‘OKEx’ has now launched ether options, that equips their clients with this new trading instrument of major crypto to further develop their trading strategies.
OKEx has already donated 1,000 ETH to the ETHUSD Options insurance fund in order to minimize the risk of clawback.
On the back of ether option launch, OKEx to roll out EOSUSD options market in addition, on Jun 18th, as per the announcement.
“The launch of the ETHUSD options provides our users with more trading tools to fulfill their needs of executing different trading strategies. Based on the success of the OKEx BTCUSD options, we are confident to bring users a better options trading experience,” said Jay Hao, CEO of OKEx. “OKEx will never stop innovating our products and provide users with one-stop trading services. For example, EOSUSD options will open soon on OKEx. Stay tuned!”
The financial market director of OKEx, Lennix Lai, has recently said “we welcome clients from different segments, especially from our institutional clients, who have shown the fastest-growing demand in derivatives trading, especially on futures and perpetual swap”.
According to skew data, OKEx has surpassed Bitmex and became the largest BTC futures exchange by open interest.
With the latest development of the launch of ETH options, it is expected to further improve OKEx’s options portfolio, that substantiates their reverence and proposition in the crypto-derivatives space. The mark prices would be defined using the Black model on a real-time basis, while the final settlement price would be generated by a time-weighted average of the underlying price over a period of time before the option expires.