Delta exchange introduces options trading for Solana and Cardano

Crypto derivatives platform Delta Exchange declared on Wednesday that it has launched futures trading on Solana (SOL) and Cardano (ADA) providing investors a different access point to the leading altcoins. 

The first time SOL and ADA was unveiled new options were introduced with weekly and monthly maturities to be made available at a later date. Options gave owners the right but not the right to buy or sell a specific security at a specified price within a pre-defined time limit. These call and put options are generally used in traditional markets but have turned more important in the crypto markets. Delta exchange is giving options trading for Bitcoin (BTC), Ether (ETH), XRP (XRP), Bitcashpay (BCP) and Binance Coin (BNB). Based on the recent report the derivatives exchange launched different options products in mid-2020. 

The crypto derivatives market has developed greatly over the years with many traders disobeying a regulatory crackdown from global financial authorities. Crypto exchange Binance recently stated that it was restricting derivatives trading for Hong Kong users even with local pressures. In United States, officials at commodity futures trading commission have openly declared their support for broader enforcement on crypto-based derivatives. 

Soon after mid-summer options trading increased on a high rate in August as crypto market staged a huge rebound. By mid-August, the open interest in Bitcoin options had more than increased after the consecutive low set-in late June. There are derivatives which accounted for 55% of the overall cryptocurrency market. The development of platforms like FTX, ByBIT and Delta prove that derivatives may result for a huge percentage of the entire market.