cryptocurrency marketBinance, one of the leading platforms in SOLUSDT It announced that it will offer its Daily and Weekly Options to users on November 12, 2024 at 11.00 Turkish lira. SOLUSDT options will be traded as European-style option contracts and will be offered to investors with certain risk management regulations. SOLUSDT options will offer investors a wide range of options by taking their place among the option contracts of popular cryptocurrencies such as Ethereum and Bitcoin.
Limited Write Power on Binance Options
Binance offers on its platform option supports its transactions with a careful risk management approach. In this context, the authority to write options (create new option contracts) will only be valid for liquidity providers and selected customers who meet certain qualifications. Other users will only be able to buy and sell options. This limitation is important for more effective management of risks on the platform.
Each option contract is listed with a specific symbol format. It includes contract name, underlying asset, maturity date, strike price and option type. For example, a symbol like “ETH-221230-2000-C” represents a call option of Ethereum expiring on December 30, 2022, while a similar symbol “XRP-230331-0.365-P” represents a call option of XRP expiring on March 31, 2023. It represents a put option that expires.
Detailed Contract Features and Transaction Conditions of Options
In addition to Binance’s SOLUSDT options on the platform ETH, BTC, BNBThere are also options for cryptocurrencies such as , XRP and DOGE. Each of these options has a structure called European style and can only be exercised at maturity. Users can make cash settlement transactions in USDT by evaluating price fluctuations. While the platform keeps trading hours active 24/7, the minimum price change and transaction steps of each contract are structured according to certain rules. For example LEFT And XRP While the minimum price change for BTC is determined as 0.01, this value is determined as 5.
Contract specifications include the amount of underlying asset each contract represents, such as Ethereum (ETH) 
$2,622Bitcoin (BTC) 
$73,9681 unit for BNB (BNB) and Solana (SOL), 100 units for XRP, DOGE There are a thousand units for . In addition, the market value of each contract is calculated using mathematical methods such as the Black-Scholes model and tracked in real time by the platform. Volatility rates used in this model are derived from the best bid-ask prices in the market and may be subject to limitations in extreme market conditions.
Binance also releases new news every Thursday at 11:00 UTC. optionIt offers flexible transaction opportunities to users by adding the maturity dates of the transactions. Thus, investors have the opportunity to diversify their positions thanks to regularly updated and newly added contracts.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
