Delta Exchange launches new option contracts for Solana (SOL) and Cardano (ADA) »CryptoNinjas
Delta Exchange, Cryptocurrency Derivatives Exchange, Today announced the launch of call and put options on Solana’s SOL and Cardano’s ADA. These new products are added to the list of options already available on Delta Exchange, including BTC, ETH, XRP, BCP and BNB.
Daily expiration dates are now available on SOL and ADA, as well as weekly and monthly expirations.
The option contract gives the holder 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. Option holders will only exercise their options when they make a profit on the exercise date.
“In the past few months, we have seen a steady increase in the demand for investors to add call options to Solana. Given the outstanding price performance of SOL, it locked in more than $2 billion last month, setting a record high, which is not enough. Odd. Judging from all the signs during the bull market, we also expect ADA to achieve value growth in the next few weeks.”
– Pankaj Balani, CEO of Delta Exchange