Delta Exchange (https://delta.exchange/), a digital asset derivatives exchange, announced today the launch of Options trading on leading altcoins Binance Coin, BNB, and Chainlink’s LINK token with XTZ, ATOM, XRP, LTC to follow soon. MOVE Options on LINK and BNB will be available for trading, starting the 19th June 2020, and come on the heels of Delta’s launch of options on both BTC and ETH.
The Weekly BNB and LINK Weekly contracts with up to 10x leverage will open for trading on Delta Exchange at XX:00 PM UTC on 19th June 2020.
“There are only a handful of crypto derivatives exchanges offering options trading at this point in time and most of them only support Options on BTC and ETH,” said Pankaj Balani CEO of Delta Exchange. At Delta, we have always strived to be ahead of the curve, in terms of product offerings. Upon launching and seeing success in BTC and ETH MOVE Options earlier this year, we decided that the logical next steps would be to offer highly competitive Altcoin Options.”
MOVE contracts are Option contracts that allow participants to trade volatility in Altcoins, and ultimately open an avenue for price discovery of volatility. The Delta Exchange MOVE contracts on BNB and LINK were designed to aid traders when hedging against the risk of volatility of their Altcoin portfolio thereby increasing participation and hence liquidity on Futures and spot markets.
“MOVE Options contracts help traders trade volatility without taking any directional risk,” continued Pankaj Balani, CEO of Delta Exchange. “When trading these contracts, a trader is betting on the absolute value of the price movement of a coin rather than the coin going up or down.”
The Delta Exchange MOVE contracts come with a competitive fee of 0.05%, which falls in line with the fees on MOVE contracts for Bitcoin and Ethereum. All fees and margin details for the contracts are mentioned in the contract term sheet and on our fee page. More details on MOVE Options contracts for BNB and LINK will be announced on the Delta Exchange blog in the coming days https://www.delta.exchange/blog/. To keep up to date on all newly launched MOVE contracts users can visit https://www.delta.exchange/app/move_options/markets.