Delta Exchange launches new option contracts for Solana (SOL) and Cardano (ADA) »CryptoNinjas

Delta Exchange, Cryptocurrency Derivatives Exchange, Today announced the launch of call and put options on Solana’s SOL and Cardano’s ADA. These new products are added to the list of options already available on Delta Exchange, including BTC, ETH, XRP, BCP and BNB.

Daily expiration dates are now available on SOL and ADA, as well as weekly and monthly expirations.

The option contract gives the holder the right to buy or sell the underlying asset at a predetermined price on a predetermined date in the future. The advantage of options is that the buyer has the right but not the obligation to exercise the option. Option holders will only exercise their options when they make a profit on the exercise date.

“In the past few months, we have seen a steady increase in investor demand for Solana to add call options. Given the excellent price performance of SOL, it locked in more than $2 billion last month, setting a record high. This is not It’s surprising. Judging from all the signs during the bull market, we also expect ADA to achieve value growth in the next few weeks.”
– Pankaj Balani, CEO of Delta Exchange

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About the Author: Agnes Zang