OKEx to Launch BTC Options Trading for Some Clients

The company says that option trading will allow users to implement a variety of strategies; the customers were choosen initially
26 December 2019   529

This Thursday, the OKEx cryptocurrency exchange announced the launch of bitcoin options on its main platform after the successful completion of the trading period in simulation mode.

The tool is currently available to a limited number of customers who have received invitations. Its full launch will take place on January 9, 2020.

The company says that option trading will allow users to implement a variety of strategies, from simplified to advanced, and present a complete update of the platform architecture, which is characterized by increased speed and reliability.

The OKEx Options platform will use an enhanced anti-manipulation mechanism based on the Black-Scholes pricing model. This model implies that if the underlying asset is traded on the market, then the option price on it is implicitly set by the market itself.

Unlike futures, where both parties are required to fulfill the terms of the contract, the option gives its buyer the right, but not the obligation, to buy or sell the asset at a predetermined price at a certain point in the future. In this case, the option seller cannot refuse to fulfill the terms of the contract. He compensates for additional risks with the premium that the buyer gives him when concluding the contract.

Options are a unique instrument that enables traders to manage, price and hedge the volatility of crypto assets [...] to take advantage of more than just market direction. We welcome clients from different segments, especially from our institutional clients, who have shown the fastest-growing demand in derivatives trading, especially on futures and perpetual swaps.

 

Lennix Lai

Financial market director of OKEx

 

He also promised that in 2020 OKEx will introduce new products and technological achievements to its customers.

In addition to options, OKEx currently supports leverage on the spot market, as well as futures and perpetual contracts.

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   309

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.

 

Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.

 

Will Reeves

Fold

According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.