According to a tweet shared by OKEx exchange BTC options trading are now available. Though, strictly by invitation.

In a press release, the exchange noted that this move part of its derivatives trading expansion strategy.

The crypto exchange further indicated that the new contract would be completed in Bitcoin (BTC) on a daily basis.

OKEx options based on the Black-Scholes pricing model

Options are notably riskier because they rely on making pure bets, and losses may accrue quickly. However, they also permit trading BTC based on predictions. Presently, predictive markets are gaining speed, as expectations are becoming increasingly important.

According to OKEx, its Bitcoin options contract is based on the Black-Scholes pricing model. It’s a valuation algorithm that has been the basis for the pricing model of options on traditional assets since the 1970s.

Enzo Villani, OKEx head of international strategy and innovation has stated the market operator is working on risk management. He added that they are also trying to increase the liquidity of the market.

The contract will use real-time data. The company says its introduction is part of the platform’s trading infrastructure revamp.

Options on futures are currently available on the Bakkt exchange and will be added by the CME futures market on January 13.

OKEx improving

Recently, the exchange partnered FirmaChain to grants customers access to use OKEx’s global utility token, OKB for purchases on FirmaChain.

NewsSource

The exchange made the decision to close Earn.com in a bid to expand the Coinbase Earn program.

The official email from Coinbase said: “Coinbase will be sunsetting Earn.com to focus exclusively on Coinbase Earn.”

The Earn.com platform, as well as the Coinbase Earn platform, compensate users with crypto assets. Users get rewards for learning about them and completing educational tasks. In April 2018, Coinbase acquired the Earn.com platform.

Sequel to the announcement, it’s expected that all users on the platform withdraw their funds before February 2020.

Besides, Coinbase also revealed plans to scale Coinbase Earn much more by adding more campaigns to the platform. Therefore, connecting more blockchain networks with engaged crypto users.

What was Earn.com about?

Earn.com in 2013 (almost 7 years ago). The platform originally developed chips and hardware for ‎cryptocurrency ‎mining. In 2017, the startup rebranded from 21.co with the launch of its ‎eponymous paid messaging platform. The messaging platform allows senders to pay users in cryptocurrency to reply ‎to emails and complete tasks.‎ Before now, Coinbase decided to expand its Coinbase Earn program and said Earn.com may play a role in that. Also, the exchange promised to completely integrate Earn.com into Coinbase’s operations while the startup’s existing business continues. However, at the moment Coinbase is going to close Earn.com to focus exclusively on Coinbase Earn.

Notably, Coinbase Earn is also very much like the Earn.com platform. Although, there’s a difference cause Coinbase to Earn integrates within the exchange’s ecosystem. While for Earn.com, users need to be redirected to a separate domain.

Coinbase also reportedly allowed about a million unique users in over 115 countries to earn their share of hundreds of millions of dollars in cryptocurrency.

Bitrue – Leading Digital Assets Exchange, which was founded in 2018, has quickly become a favorite with members of the XRP community because of the high degree of enthusiasm, support, and transparency shown by its management towards XRP. One interesting fact about Bitrue is that it supported XRP as a base currency on the day that its trading platform was launched (19 July 2018). 

According to Bitrue’s announcement, of the 27 new trading pairs, The first of the new coins to be paired up will open for deposits and withdrawals starting on December 23rd, with trading going live on December 25th. The remainder of the coins will open for deposits and withdrawals starting on January 9th, with trading going live on January 13th.

Here is the full list of crypto assets that are being paired with XRP:

Previously, CoinQuint reported about Binance Partnership

Advertisement:

The World Largest Cryptocurrency Exchange by volume, Binance, announced yesterday its strategic investment in the crypto derivatives exchange FTX.

According to an official blog post by Binance. It has invested an undisclosed amount in the fast-rising crypto derivative platform FTX, Binance has taken a long-term position in the FTX Token, while the derivatives exchange returns the favor by helping to build out the liquidity and institutional product offerings.

Binance’s CEO, CZ said that he believes this partnership will help both companies and that FTX is on its way to becoming a larger player in the cryptocurrency derivatives market:

The FTX team has built an innovative crypto trading platform with stunning growth. With their backgrounds as professional traders, we see quite a bit ourselves in the FTX team and believe in their potential in becoming a major player in the crypto derivatives markets. We are pleased to have an excellent partner joining the Binance ecosystem and aim to grow the crypto market together. – Said CZ.

 FTX Founded in 2019, By Sam Bankman-Fried, FTX is the brainchild of Alameda Research, a digital asset research firm. Situated in the Caribbean islands of Antigua and Barbuda, FTX provides four different types of trading. futures ,OTC, spot trading, indexes and . According to reports, the exchange has a daily trade volume of about $1.5 billion.

The firm will help in creating products, especially for Binance.com, also developing Binance over-the-counter (OTC) trading desk.

As a result of this partnership, FTX is sure to enjoy a boost in growth and also widespread adoption. Though Binance only made a minor investment on FTX, it, however, has a long term hold on its native token FTT.

CZ also praised the unique talent and professionalism of the FTX expert team of traders. The exchange is more than confident that it is on the right path.

Advertisement:

The Data Comes From CryptoCompare November Exchange Review, Top-tier cryptocurrency exchanges are those with ratings ranging from “AA” to “B,” according to CryptoCompare’s Exchange Benchmark, while lower rating cryptocurrency exchanges are those with ratings ranging from “C” to “F.”

The volume drop for top-tier exchanges means their aggregate volume currently represents 31.4% of the total market, meaning its still close to one-third of global trading volumes. The top cryptocurrency exchange with fiat currency pairs by total volume last month was P2PB2B with $30.98 billion traded.

It was followed by Coinsbit, which traded $16.37 billion after seeing its volume more than double, and Bithumb which traded $7.42 billion after seeing its volume rise 15.24%. CryptoCompare’s Exchange Review also looks into predominant fee types on the market, derivatives data, stablecoin volumes, trans-fee mining exchanges, decentralized exchanges, and derivative products.

Co-founder and CEO of CryptoCompare said in a press release shared with CryptoGlobe:

CryptoCompare’s high quality, granular analysis, ranking the global exchanges, has brought greater transparency to the crypto asset class, enabling market participants to make better decisions.

DDEX was the top decentralized exchange in November, despite seeing its volume drop over 40% since October. IDEX and BitSquare, the other two top decentralized exchanges, saw their volumes drop 19.97% and 19.81% respectively. DEXs, the reported noted, represent only 0.01% of the global spot volume.

When it comes to regulated bitcoin derivatives trading, CME has been dominating the scene with its volume going from $3.12 billion in October to $4.22 billion last month. Grayscale’s Bitcoin Trust (GBTC) saw its trading volume drop 17.5%, the report notes.

The top derivatives exchange in the cryptocurrency space was OKEx, with $91.5 billion traded in November. It was closely followed by Huobi, with $89.52 billion traded.

Source (Credit): CryptoGlobe

According to the Post, On December 23, users of the OKEx platform will be able to directly deposit Dai and stake it in the DSR to earn the savings rate plus an additional reward that is exclusive to OKEx.

The Benefits of the (DSR) Dai Savings Rate

The Rate of Interest earning Determined By the Maker Governance (currently 4%) and DSR is available to any Dai holder, anywhere in the world, here are no fees involved and no minimum or maximum deposit.

How It works on the OKEx Platform refers to the OKEx Pool Staking Guide.

With the OKEx integration, adoption of the Dai Savings Rate can accelerate in Asia, introducing millions of more people to Dai.  This, even though it is already present in the continent, with foundation members located in China, Korea, Japan, and Singapore. The post reads:

As more users benefit from the Dai stablecoin and discover the advantages of the DSR, more exchanges, platforms, and projects will integrate both, introducing new groups of users to the Maker Protocol and the DeFi ecosystem. 

 Click Here to start trading on BitMEX exchange and receive 10% discount on fees for 6 months.

VALLETTA, Malta, Dec. 11, 2019 /PRNewswire/ — OKEx, the world’s largest spot, and futures digital asset exchange by trading volume, today announced a partnership with FirmaChain, a blockchain-based electronic contract platform. Through this partnership, customers can use OKEx’s global utility token, OKB, for purchases on FirmaChain. In addition, FirmaChain’s FCT token will be listed on OKEx on December 18, 2019.

FirmaChain uses blockchain technology to bring transparency and verification to contracts while solving issues including forgery. Through its decentralized application (DApp) Duite, FirmaChain reduces processing costs for international contracts by using less resources and simplifying the process, overcoming the current limitations of traditional, written contracts.

The depositing of FCT will be available from 10:00 December 11, 2019 (UTC). FCT spot trading against USDT and BTC will open at 10:00 December 18, 2019 (UTC). FCT withdrawal will open from 10:00 December 19, 2019 (UTC).

“FirmaChain is an excellent company developing real-world applications with blockchain technology and coming up with its groundbreaking e-contracts platform,” said Andy Cheung, Head of Operations at OKEx. “We’re excited about this partnership that we are able to add FCT, the native token of FirmaChain on the OKEx trading platform, and at the same time, to include OKB for service redemption on the Firmachain network, where users can choose to pay in OKB or FCT when using the e-contract provided by Duite, Firma Solution’s service.”

“FirmaChain is excited to join OKEx’s global ecosystem and gain access to a broad potential user base for our innovative, blockchain-based electronic contracts platform,” said Young In Yoon, CEO of FirmaChain. “We look forward to a successful and mutually beneficial partnership with OKEx to bring forth new use cases of blockchain technology.“

OKEx recently announced its OKB token integration with Ledger, Aliniex, Bvnex, and Cryptomall to build an increasingly comprehensive ecosystem for cryptocurrency traders. The company offers the most diverse trading products in the market, ranging from spot trading, fiat-to-token trading, margin trading, and crypto derivatives, helping traders, miners, and institutional investors optimize their investment strategies.

About OKEx

OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital asset trading services including fiat-to-token, token-to-token, and derivatives trading to users globally. Currently, over 400 spot and derivatives trading pairs are available for users to optimize their trading strategies. With a safe, reliable, and stable environment for digital asset trading, OKEx serves millions of customers in more than 200 countries and regions.