June 19, 2024

Binance plans to launch bitcoin options this year

Popular crypto exchange Binance plans to launch Bitcoin-based options at the end of the second or beginning of the thirdquarter of 2020. This is reported by The Block, citing informed sources.

In a conversation with the publication, Binance representatives did not confirm the information, saying only:

“We will be happy to let you know when we have something to share.”

Binance already offers bitcoin futures,the launch of which took place in September last year. These derivatives are very popular - to date, Binance Futures has taken the 4th place in terms of trading volume among derivative platforms:

Binance plans to launch bitcoin options this year

Data: skew

As for options, Deribit remains the absolute leader in this market segment:

Binance plans to launch bitcoin options this year

Aggregated Open Interest on Bitcoin Options

However, activity on the OKEx exchange, as well as on the regulated CME, is gradually increasing.

Binance also announced the launch of a web interface for peer-to-peer (P2P) trading. Previously, such trading was only available through the mobile application.

Among other things, the trading platform announced the delisting of the following trading pairs: GO / BNB, NAS / BNB, OST / BNB, SNM / ETH, VIA / ETH.

Recall that in January launched the Bitcoin options supported by the Binance FTX exchange.