Delta exchange is a crypto derivatives exchange which supports future trading’s on Bitcoin, and on other altcoins. The platform announced that it has added future trading’s on Solana (SOL) and Cardano (ADA) on Wednesday. The future trading’s on SOL and ADA gives Delta users new access to leading cryptocurrencies.
Significantly, Delta exchange already offers trading for BTC, ETH, XRP, Binance Coin (BNB) and also over 50 other top DeFi coins. Besides, the derivatives exchange has integrated many options on future trading’s in mid-2020.
Moreover, at the initial stage, call and put options for SOL and ADA will have daily maturities. Whereas, weekly maturities and monthly maturities will be made available later in the future. Options allows users to sell and buy specific security at a particular price within a predefined time frame.
Growth Of Crypto Derivatives
Crypto derivatives are financial tools whose value is derived from a primary underlying asset. The crypto derivatives market has experienced massive growth this year despite the fact that the market faced regulatory crackdown from financial authorities.
After the crackdown in the crypto market since mid-May, it has regained its old level significantly in August. The crypto-sector has rebound from its dump and according to Bybt data, the open interest in Bitcoin options has doubled.
Furthermore, the crypto derivatives market accounted for 55% of the overall crypto market in December 2020. As of now, the platforms for crypto derivatives are expanding at a rapid pace. While some platforms like FTX, Delta states that it may account for a larger percentage of the overall crypto market in future.