Binance, one of the world’s leading cryptocurrency exchanges, has announced the launch of BTCUSDT and ETHUSDT Quarterly Options. The new options contracts will be European-style and will expire on June 30, 2023. The launch is scheduled for March 16, 2023, at 08:00 (UTC).
According to the official statement released by Binance, the new Quarterly Options contracts will be listed on the last Thursday of every quarter. It is important to note that there will be no new Quarterly Options listings if the new listings’ expiration date coincides with that of an existing Monthly Options contract. In such cases, the existing Monthly Options contract will be considered as a quarterly expiry instead.
Binance advises all its users to refer to the Binance Options Contract Specifications for further details on the new options contracts. The exchange also clarifies that in the event of any discrepancy arising between the translated versions and the original English version, the English version shall prevail.
The launch of BTCUSDT and ETHUSDT Quarterly Options is a significant development for Binance’s options trading platform. It will give traders more opportunities to trade and hedge their positions, especially those who prefer longer-term trades.
Options trading is a popular way for traders to manage risk and speculate on the direction of an underlying asset. An option contract gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a predetermined price (strike price) within a specific timeframe. The seller of the option contract has the obligation to buy or sell the underlying asset at the agreed-upon price if the buyer decides to exercise the option.
European-style option contracts, such as the BTCUSDT and ETHUSDT Quarterly Options, can only be exercised on the expiration date. This is in contrast to American-style options, which can be exercised at any time before the expiration date. This means that European-style options are less flexible but can be less expensive than American-style options.
BTCUSDT and ETHUSDT are two of the most popular trading pairs on the Binance exchange. BTCUSDT represents the price of Bitcoin in US dollars, while ETHUSDT represents the price of Ethereum in US dollars. The addition of Quarterly Options to these trading pairs will provide traders with more possibilities to trade based on market forecasts, news, and events.
With this new development, Binance is expanding its offerings in the derivatives market. Derivatives are financial contracts that derive their value from the performance of an underlying asset. Binance already offers Bitcoin options, Bitcoin futures, and perpetual futures contracts for BTCUSDT and ETHUSDT, among other derivatives products.
Binance’s options trading platform is one of the most liquid and active in the cryptocurrency space. It offers a range of options contracts, including BTC and ETH options with various expiration dates and strike prices. It also provides a user-friendly interface and state-of-the-art risk management tools to help traders optimize their strategy and minimize their risks.
In conclusion, Binance’s launch of BTCUSDT and ETHUSDT Quarterly Options is a significant development for options traders who want to trade and hedge their positions. It expands Binance’s offerings in the derivatives market and provides more opportunities for traders to profit from market movements. With its comprehensive options trading platform and its commitment to user experience and security, Binance is well-positioned to become a leading player in the options trading space.
