Delta Exchange, a cryptocurrency derivatives exchange, today announced the introduction of call and put options for Solanas SOL and Cardanos ADA. These new offerings add to the list of options already available on Delta Exchange, including BTC, ETH, XRP, BCP and BNB.
Daily terms are now available on SOL and ADA, with weekly and monthly terms to follow.
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. Holders of options will only exercise if they are profitable on the day of exercise.
“In the last few months we have noticed a steadily increasing demand from investors for call options for Solana. This is not surprising given the stellar month the SOL Prize had, as it hit a new all-time high of more than $ 2 billion just last month. After all the signs during the Bull Run, we also expect ADA to see an increase in value in the coming weeks. “
– Pankaj Balani, CEO of Delta Exchange
