Crypto Derivatives Exchange OKEx Launches Options on Ether
Malta-based cryptocurrency exchange OKEx rolled out option contracts on Ethereum’s ether (ETH) token on Thursday, ending the Panama-based Deribit’s virtual monopoly in the space.
Huobi is taking on OKEx in the business of bitcoin futures trading, opening a new front in the ongoing rivalry between the two Chinese-led exchanges.
Cryptocurrency exchange Huobi is taking aim at competitor OKEx in the business of trading bitcoin futures and other derivatives contracts, opening up a new front in a longstanding rivalry that has historically focused on the lucrative Chinese market.
Big crypto exchanges like Binance, Huobi and OKEx are rushing out DeFi platforms to cash in on the fast-growing industry and stanch user defections.
OKEx admitted a total loss of approximately $5.6 million from the recent Ethereum Classic 51% attacks and could delist ETC from its exchanges.
OKEx is partnering with Paxful, adding more than 160 fiat currency onramps to its crypto exchange business.
Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday. CME’s bitcoin futures market are growing faster than nearly every other bitcoin futures market on a percentage and real growth basis.