OKEx officially launched BTCUSD, a bitcoin option contract

Cryptocurrency trading platform OKEx has announced the official launch of the BTCUSD option contract at 14:00 (HKT) on 9 January 2020. Users can participate in the transaction via the web version or API.

According to the official announcement of OKEx, the option contract of BTCUSD is exercised in the European style. The real option is settled automatically on the last trading day, and the expired option is delivered in BTC. The time-weighted average of the underlying price in the period preceding the expiration of the option.

At the same time, BTCUSD option contracts use risk control systems such as marked price, daily settlement, and seller authority management, and will also launch portfolio margin products in the future to improve users' capital use efficiency. To prevent users from sharing risks, the OKEx platform has donated 150BTC into the risk reserve for BTCUSD option contracts.

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