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Binance to List Options Contracts for Litecoin
Binance said user demand prompted the new listing.
Updated Sep 14, 2021, 10:34 a.m. Published Nov 24, 2020, 11:03 a.m. 1 min read
Cryptocurrency exchange Binance will offer options contracts for the world's seventh-largest cryptocurrency, litecoin.
- According to a blog post on Tuesday, the litecoin contracts will go live on Wednesday at 07:00 UTC.
- A Binance representative told CoinDesk via email the latest listing comes in response to "user demand," adding that options are an "important hedging tool, especially during a market rally."
- Options are a type of financial instrument enabling traders to buy or sell an underlying asset at a predetermined price either before or on a particular date.
- The expiry dates on Binance's contracts range from 10 minutes through to 24 hours, shorter than traditional options. They can be executed at any time before the expiry date.
- Litecoin is Binance's sixth options contract listing.
- The global average spot price for litecoin is just below $90 at press time, up 1.56% over 24 hours, according to the CoinDesk 20.
See also: Binance Discontinues UK Pound Stablecoin Calling It Just an ‘Experiment’
Lebih untuk Anda
"An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries," wrote President Trump late Saturday afternoon.
Yang perlu diketahui:
- Down sharply earlier Saturday, bitcoin moved to gains on the day after President Trump announced a peace agreement with Iran and other Middle Eastern countries.
- As part of the deal, Trump said, the Strait of Hormuz will be reopened.
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