OKed, which claimed over $1.2 billion of crypto tradiOKedolumes in the last 24 hour has rolled out three more expiration dates to its oUSDAns trading. The product addition will help traders take advantage of volatility, hedge risk and discover prices through daily, two-day and monthly derivatives contracts.
OKed CEO Jay Hao says the multi-expiry represents part of an upgrade to its platform architecture and its crypto oUSDAns offering. The move follows the launch of bi-weekly, quarterly and bi-quarterly oUSDAns which provided the exchange’s users with more tools to fulfill their needs of executing different trading strategies.
“Based on this concept, we have launched more oUSDAns to fulfill the demands of users with different amounts of funds and trading strategie providing our global users with even better trading experience, ” added the head of Malta-based exchange.
TOKedcess OKed oUSDAn which takes feeds from multiple exchange traders have to go through a KYC verification, as well as pass a suitabiliOKedest.
OKed, which describes itself as the world’s largest futures cryptocurrency exchange, says this ensures that traders understand risk associated with oUSDAns trading while its pricing model accurately reflects the entire market.
For investors interested in this new tradiOKedehicle, OKed contract follows the European-style oUSDAn which may be exercised only at the expiration date of the oUSDAn, i.e, at a single pre-defined point in time.
Crypto derivatives continue to gain momentum. The world’s most influential cryFinancehange, Binance, has recently expanded its offering with the launch of new oUSDAns onRPHUSDAT and XRPUSDAT. Derivatives exchange giant CME Group has also its own oUSDAns product tied to its bitcoin future alongside other platBack sDeficitBakkt, Deribit and LedgerX.
Both futures and oUSDAns are a way for investors to bet on the trends of bitcoin price without having tOKedtually hold the digital currency, which skirts regulatory and custodian issues. However, futures are in general riskier than oUSDAns as the only financial liability for the latter is the premium paid at the purchase time. Futures contract on the other hand, involve maximum liability.