We are delighted to announce industry’s first Turbo Options, or Callable Bull and Bear contracts, for Bitcoin.
 
Traders can open turbo call/put positions on Delta Exchange to track the price performance of Bitcoin with up to 200x leverage. For these Bitcoin options contracts, the barrier price will be 0.5% below the spot price and a mandatory call feature will give the right to the seller to call the option if the barrier price is hit. Initially, turbo options will be settled daily in Bitcoin, with weekly and monthly settlements to follow. 
 
“In the traditional markets, turbo options have become wildly successful because they provide traders with a way to capture the upside in underlying assets at fractional risk,” said Pankaj Balani, CEO of Delta Exchange. “By introducing these new exotic options to the crypto industry, we expect to drive increased open interest and participation in Bitcoin options trading.” 
 
These options combine the vanilla call/put options, with a knock out barrier which reduces the price of the turbo option by giving the seller the right to call the option if the barrier price is hit.
 
“Turbo calls and puts are primarily retail driven products,” explained Balani. “They provide a way for retail traders to capture upside in the price of Bitcoin for a fraction of the price and without risking much capital. However, we must note that these products are exotic derivatives products and traders should make sure they understand the product and risks associated with them before trading in them.” 
 
Crypto derivatives capture more than $24 billion in daily trading volume and Bitcoin leads the pack after breaking a record $2.14 billion worth of options contracts opened during last month’s expiry week. With BTC options open interest surpassing 130,000 contracts recently, the launch of turbo Bitcoin options by Delta Exchange aims to spur new market entries and trading activity. 
 
For more information or to begin trading Turbo Options on Bitcoin, please join our <a href="https://t.me/deltaexchat">Telegram Group</a>.

We are delighted to announce industry’s first Turbo Options, or Callable Bull and Bear contracts, for Bitcoin.

 

Traders can open turbo call/put positions on Delta Exc

Delta Exchange Launches Turbo Options for Bitcoin

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