Delta Exchange launches trading for Binance Coin and LINK
The company assured that the two currencies with the highest demand on the exchange were selected for trading
The cryptocurrency derivatives trading platform, Delta Exchange, has launched options trading for two major digital currencies such as: Binance Coin (BNB) and Chainlink’s LINK to the crypto market.
The announcement was made this Friday, June 19 and according to what the company informed, the conventional options are negotiable derivatives contracts, which allow market participants the right to buy (a call option) or sell a certain asset (a put option) at an “exercise price”.
Regarding the selection of digital currencies to be used for trading, Delta CEO Pankaj Balani reported that BNB and LINK were chosen due to the high demand they have on the exchange.
In the case of Delta’s Move contracts, these have been designed to allow market participants to specifically trade the volatility of digital assets, “without assuming any directional risk”, as Balani indicated.
“When these contracts are traded, a trader bets on the absolute value of a currency’s price movement rather than the currency going up or down.” However, the exchange indicated that it will continue to launch its options for BNB and LINK with similar contracts for Tezos (XTZ), Atomic Coin (ATOM), XRP and Litecoin (LTC).
K.Villarroel
Source: thenoticiasbitcoin
