Huobi Launching Bitcoin Options, VP Bodes Positive News for Huobi Token [HT]

The VP of Huobi crypto exchange announces the launch of the options market. 

Options trading, as the name suggests provides an option, rather than an obligation to buy or sell (call or put) the underlying asset at a specific price and time in the future. The sellers/writers of the options charge a premium for the same.

Options trading is more often practised by institutional entities than retail traders. Hence, it helps in maintaining a balance between the two class of traders. Currently, Deribit, CME, Binance, Okex, LedgerX and Bakkt offer bitcoin options.

Huobi consistently ranks in the top three when it comes to the volume and open interest of Bitcoin futures (perpetual swaps), with BitMEX and Okex leading. Okex launched options contracts in December 2019. However, since then, it has managed to capture only a small percentage, with Deribit and CME leading the options market.

Huobi Token [HT] Updates

Yesterday, we reported on Coinbase’s probable stock market listing in the near future. Most of the other top crypto exchanges like Binance, Okex, Huobi and Bitfinex had earlier chosen to sell their interest in the exchange business via a crypto token.

Huobi Tokens (HT) are burnt every around the mid of every month w.r.t. to the exchange profits. The reduction in the supply of the tokens acts as a bullish catalyst.

Ciara Sun, Head of Global Business and Markets and Vice President Huobi Global tweeted,

We will launch Huobi Options soon and the revenue will be included in the HT monthly burn. Building an ecosystem to give back to our community!

The comparative year-to-date increase in the exchange tokens highest on OKB with about 50% gains, followed by HT and LEO around 18%. The 70% token burn news in February was one of the price drivers of the bull run in February 2020.

Which is better suited to your style of trading, futures or options? Please share your views with us. 

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Huobi Launching Bitcoin Options, VP Bodes Positive News for Huobi Token [HT]

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The VP of Huobi crypto exchange announces the launch of the options market. 

Nivesh Rustgi

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