Delta Exchange, a cryptocurrency derivatives exchange, today announced the launch of Cardano’s buy and sell options for Solana’s SOL and ADA. These new offerings add to the list of options already available on the Delta Exchange including BTC, ETH, XRP, BCP and BNB.
Daily maturities are now available in both SOL and ADA with weekly and monthly maturities.
Options contracts give holders the right to buy or sell the underlying asset at a predetermined price on a predetermined date in the future. The advantage of options is that the buyer has the right but not the obligation to exercise the option. Options holders will exercise only if they are profitable on the exercise date.
“We have seen a steady increase in demand from investors to add call options to Solana over the past few months. This is not surprising given the fantastic month that SOL price had, hitting a new all-time high with more than $2 billion secured in just the last month. All indicators are on the upside, we also expect to see the ADA publish an increase in value in the coming weeks.”
– Pankaj Palani, CEO of Delta Exchange