Binance to List Options Contracts for Litecoin

Binance said user demand prompted the new listing.

AccessTimeIconNov 24, 2020 at 11:03 a.m. UTC
Updated Sep 14, 2021 at 10:34 a.m. UTC

Cryptocurrency exchange Binance will offer options contracts for the world's seventh-largest cryptocurrency, litecoin.

  • According to a blog post on Tuesday, the litecoin contracts will go live on Wednesday at 07:00 UTC.
  • A Binance representative told CoinDesk via email the latest listing comes in response to "user demand," adding that options are an "important hedging tool, especially during a market rally."
  • Options are a type of financial instrument enabling traders to buy or sell an underlying asset at a predetermined price either before or on a particular date.
  • The expiry dates on Binance's contracts range from 10 minutes through to 24 hours, shorter than traditional options. They can be executed at any time before the expiry date.
  • Litecoin is Binance's sixth options contract listing.
  • The global average spot price for litecoin is just below $90 at press time, up 1.56% over 24 hours, according to the CoinDesk 20.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.