Binance Launches Bitcoin and Ethereum Options Contracts Settled in USDT
Binance, the world’s leading crypto exchange, is making waves once again with the announcement of the launch of Bitcoin and Ethereum options contracts settled in USDT. This new offering is set to debut with a unique expiry date of November 8, 2024, and will be structured as European-style options contracts.
The introduction of these new options contracts marks a significant expansion of Binance’s derivatives offerings. The platform will be launching Bitcoin (BTC) and Ethereum (ETH) options contracts paired with Tether (USDT), providing traders with additional tools for hedging and speculative strategies.
The early listing of BTCUSDT and ETHUSDT options contracts is scheduled for July 24, 2024, at 08:00 UTC, with an expiration date of November 8, 2024. However, the absence of a new BNB options listing in this announcement has raised questions about Binance’s strategy for its native token’s derivatives offerings.
These newly introduced options are European-style contracts, meaning they can only be exercised on the expiration date. Traders and investors interested in these new products are encouraged to consult Binance’s Options Contract Specifications for detailed information on contract terms, trading rules, and risk management.
In addition to the options launch, Binance has seen other significant developments, including a favorable court order for its U.S.-based branch, Binance.US, and the introduction of a new Airdrop portal featuring the inaugural project, Banana Gun (BANANA). These initiatives demonstrate Binance’s ongoing efforts to enhance user engagement and provide additional value to its community of traders and investors.
Overall, the introduction of USDT-paired options for Bitcoin and Ethereum reflects the growing sophistication of the cryptocurrency derivatives market and could potentially attract more institutional investors to the platform. Stay tuned for more updates on Binance’s latest developments in the crypto space.
