OKEx – the crypto exchange platform headquartered in Malta – has added a Bitcoin (BTC) trading support feature, for a number of specially chosen traders groups, before its official introduction next year. 

Specifically revealed on December 26, OKEx – top 3 world heavyweights by day-to-day trading volume – announced that Bitcoin (BTC) will be used to settle the new contract. 

Per OKEx, Bitcoin options contract was built upon the basis of  the Black-Scholes pricing model – a valuation algorithm that has been generally utilized, to set the foundation for pricing model of options on traditional assets, since the early 70s of the last century. 

Real-time record will be involved in the contract – which was widely announced as an initiative in an effort, to give a new and improved form of OKEx’s trading infrastructure.

Together with its current margin trading, futures and perpetual swaps markets, the new feature will bring more diversity to the trading and hedging strategies, which are being offered to OKEx clients. 

“Options are a unique instrument that enables traders to manage, price and hedge the volatility of crypto assets […] to take advantage of more than just market direction. We welcome clients from different segments, especially from our institutional clients, who have shown the fastest-growing demand in derivatives trading, especially on futures and perpetual swaps.” Lennix Lai, financial market director of OKEx, further remarked.