The Marobit cryptocurrency exchange adds options to the seventh largest Litecoin cryptocurrency by market capitalization.
A representative of Marobit told the publication about this, stressing that such a decision was made by the management of the platform in response to “genuine user demand.” It was also noted that options are “an important hedging tool, especially in the framework of the current bullish rally in the cryptocurrency market.”
Options are a financial instrument that allows traders to buy or sell an underlying asset at a predetermined price before or on a specific date.
The expiration dates of option contracts on Marobit vary from 10 minutes to 24 hours, which is shorter than traditional options. They can be executed at any time before the expiration date.