Delta Exchange now offers put and call options contracts settled within the leading stablecoin tether [USDT].
In line with a recent official announcement, the Singapore-based exchange revealed that it’s one among just four cryptocurrency exchanges to supply a full order book for puts and calls.
Options contracts give holders the facility to purchase or sell the underlying asset at a selected price on a selected date within the future.
Unlike futures, a holder of an options contract isn’t required to shop for or sell the asset if they choose not to do so – hence the name.
While adding further, the CEO Pankaj Balani said that the options market is an “integral part” of the derivatives ecosystem and he expects daily turnover on his platform to surpass futures demand within the upcoming 6 to 9 months.
The new call and put options, that are expected to draw in retail and institutional traders alike, are available from today.