We are thrilled to announce the launch of our new daily options market, which includes the highly-anticipated BTCUSD and ETHUSD daily options. The first option will expire on May 13th, this Saturday, followed by a second on this Sunday.
This is a significant step forward for us to enrich our trading instrument. As the crypto market matures, the demand for USD-margined options and daily options increases.
With this new launch, we aim to provide our traders with more flexibility and an added layer of risk management to their trading strategies. Our daily options enable traders to take advantage of short-term price movements, with the option to enter and exit positions on the same day.
By offering daily options for BTCUSD and ETHUSD, we are giving traders the opportunity to participate in the crypto market's fast-paced trading environment. Get ready to experience a whole new level of trading convenience and flexibility!
The settlement will take place at 8:00 am (UTC) on the expiration date, with a $0 settlement fee. If there are corresponding monthly or quarterly options on the expiration date, daily options for BTCUSD and ETHUSD with the same expiration date will not be double listed.
The settlement will take place at 8:00 am (UTC) on the expiration date. If there are corresponding monthly or quarterly options on the expiration date, daily options for BTCUSD and ETHUSD with the same expiration date will not be double listed.
BIT stands out from the majority of the options market as it provides options margined in USD instead of coins. Traders utilizing BIT's sophisticated Unified Margin system have the ability to trade USD-margined options while maintaining any tokens, and can benefit from advanced risk management through portfolio margin.
Our team has worked tirelessly to ensure that our platform is user-friendly, secure, and offers a seamless trading experience. The daily options market is available to all BIT users, so be sure to check it out and take advantage of this exciting new trading feature.If you have any questions or feedback regarding our new daily options platform, please refer to the BIT Options Introduction.