Delta Exchange launches new options contracts for Solana (SOL) and Cardano (ADA)

Delta Exchange, a cryptocurrency derivatives exchange, announced today the launch of call and put options for Solana’s SOL and Cardano’s ADA. These new offerings add to the list of options already available on Delta Exchange including BTC, ETH, XRP, BCP, and BNB.

Daily maturities are now available on SOL and ADA with weekly and monthly maturities to follow.

Options contracts give holders 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. Holders of options will only exercise if profitable on the exercise date.

“We have seen a steady increase in demand from investors to add call options for Solana over the past few months. This is unsurprising given the stellar month the price of SOL has had, achieving a new all-time high with more than $2 billion locked just last month. From all indications during the bull run, we also expect to see ADA posting an increase in value in the coming weeks.”
– Pankaj Balani, CEO of Delta Exchange

Source: https://www.cryptoninjas.net/2021/09/08/delta-exchange-launches-new-options-contracts-for-solana-sol-and-cardano-ada/