OkEx, one of the world’s largest exchanges is expanding its trading variety by adding options trading. 

OkEx will now give their users the option of customer to customer (C2C) trading, spot, futures, perpetual swap, and much more, making them the first exchange in the world to do so. 

The Malta-based exchange has said options trading will be available on December 27th, with simulation available from the 12th. The option’s trading aspect will come alongside improvements in the infrastructure of the site too, according to the press release from the site.

To celebrate the launch, OkEx is also offering an options trading simulation contest which will begin at the start of the simulation. The promotion will offer a huge 150,000 USDT prize, so if you are a top trader get ready.

OkEx are clearly pleased with their latest addition, with company CEO, Jay Hao, stating:

“We are excited about the launch, given the increasing demand of crypto derivative products across all our client segments, especially institutional clients that showed the fastest growing demand in derivative trading. We aim to provide the broadest range of trading and risk management tools to all our clients from institutional to retail market participants.”

What is Options trading and why choose OkEx?

For those of you who may not be familiar with what options trading is, it is essentially the ability to buy or sell an underlying asset after paying a premium for it. 

Hao explained it as, “a unique instrument that enables traders to manage, price and hedge the volatility of crypto assets with a combination of options contracts”, giving traders the ability to, “take advantage of more than just market direction.”

So, what sets OkEx option trading apart? Unlike other exchanges where you can only buy with options, OkEx offers the chance to buy and write, giving greater transparency and flexibility in the market. The advantages of OkEx options trading don’t stop there. The exchange also has anti-manipulation software.

OkEx also averages out the spot price to give fair pricing. The price is determined in real-time using the Black-scholes pricing model. This makes a single transaction or quote unlikely to completely shift the price. 

This is clearly topping off a great year for OkEx. The exchange has seen itself rise rapidly, with the company only celebrating their second anniversary recently. Now seen as the world’s largest spot and futures digital asset exchange by trading volume, the company is making big strides. CEO Hao also believes the options trading addition is yet another big leap: 

“As the crypto market evolves, we aim to build a complete derivatives product suite, delivering solutions to optimize users’ trading strategies. OKEx Options is a major step towards this goal.”