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Delta Exchange (https://delta.exchange/), a digital asset derivatives exchange, announced today the launch of Call and Put options for Solana’s SOL and Cardano’s ADA, making it the only exchange to offer options on these assets. These new offerings add to the growing list of options already available on Delta Exchange including BTC, ETH, XRP, BCP and BNB.
Daily maturities will be immediately available on SOL and ADA with weekly and monthly maturities to follow.
SOL has seen extreme growth in the past month alone, climbing from $33.3 on the month-ago date to an all-time high of $130.01 on August 31. Since the beginning of August 2021, the total value locked (TVL) on the Solana blockchain has surged by a staggering 350%. The wider Solana ecosystem continues to flourish with the launch of Wormhole, a communication protocol between Solana and other top decentralized finance projects, and the Solana DEX Mango Markets completion of a $70 million dollar token launch.
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 key advantage of options is that the buyer has the right but not the obligation to exercise the option. Thus the holders of options will only exercise if it is profitable to do so on the exercise date.
“We have seen a steady increase in demand from investors to add call options for Solana over the past few months, said Pankaj Balani, CEO of Delta Exchange. “This is unsurprising given the stellar month the price of SOL has had, achieving a new all-time High with more than $2 billion locked just last month. From all indications during the bull run, we also expect to see ADA posting an increase in value in the coming weeks.”
For more information or to begin trading Call and Put options on SOL and ADA or other altcoins please visit: https://www.delta.exchange/
