Cryptocurrency exchange OKEx has rolled out ETH/USD options today.
The exchange claims it has already donated 1,000 ETH to the ETH/USD options insurance fund in order to minimize the risk of clawback. The EOS/USD options market will also be launched on Jun 18, the exchange said in an announcement.
An analytical platform skew found that BTC/USD options reach an average daily transaction volume of more than $10 million. The launch of the ETH/USD options and the upcoming EOS/USD options will further enrich the OKEx derivatives portfolio.
OKEx CEO Jay Hao says the launch of the ETH/USD options provides the exchange's users with more trading tools to fulfill their needs of executing different trading strategies.
"Based on the success of the OKEx BTC/USD options, we are confident to bring users a better options trading experience," Hao added.
Earlier this year Binance also presented two new Ethereum and XRP options contracts, which, just like Bitcoin options, initially only be available through the exchange's mobile app.
The exchange started to offer Bitcoin options in mid-April. These new ETH and XRP options contracts are available for an expiry date of 10 minutes, 30 minutes, 1 hour, 8 hour and 1 day. The maximum contract size per order is 200 ETHs and 200,000 XRPs, respectively.
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