Delta Exchange (https://delta.exchange/), a digital asset derivatives exchange, announced today the launch of its first Options products with MOVE contracts on Bitcoin and Ethereum. With ETH-MOVE, Delta Exchange becomes the first in the world to offer MOVE products on Ethereum, and will further its Altcoin Options by adding MOVE contracts on other leading Altcoins such as Ripple, Bitcoin Cash, LTC and BNB in the coming months.
The Daily BTC-MOVE and Daily ETH-MOVE contracts with up to 10x leverage will open for trading on Delta Exchange at 12:00 PM UTC on 3rd March 2020.
“We expect to see good interest in the MOVE product from both retail and professional segments. By reducing the complexity of Options trading, we will provide traders a way to express their view on market volatility through Bitcoin and industry-first Altcoin Options contracts,” said Pankaj Balani, CEO of Delta Exchange. Since launch, Delta Exchange has maintained a stable monthly trading volume around $300MN-$400MN and adds up to five new Altcoins and Stablecoins each month.
The introduction of MOVE contracts will allow traders to capture the movement in the prices of the crypto assets, irrespective of whether the prices go up or down, and is a simple way for retail customers to trade Options. For example, if a trader buys Ethereum Daily MOVE at $100; he/she is expecting Ethereum price to move by more than $100, on that day. The movement is measured between the strike price, which is determined when the contract is launched, and the settlement price, which is the price of Ethereum at the time of expiry of the contract.
Trading for Daily MOVE contracts on Delta Exchange will start on March 3rd, 2020. Weekly, fortnightly, monthly and quarterly expiries will be announced in the coming days on the Delta Exchange Blog or at https://www.delta.exchange/blog/