GCEX Opens OTC Bitcoin (BTC) and Ether (ETH) Options to Firms
Photo: TokenPost
GCEX launched over-the-counter options on Bitcoin (BTC) and Ether (ETH) for eligible professional and institutional clients on Thursday, Oct. 22, expanding access to crypto derivatives through its U.K. entity. The European-style contracts include calls and puts, expire monthly and settle in fiat currency. Clients request quotes from GCEX’s trading desk, which sources prices from liquidity providers. Positions, expiries, valuations and settlements are reported in XplorPortal. GCEX says it hedges each trade through liquidity providers. Buyers can lose the premium they pay, while sellers can lose more than the premium they receive.
Source: TokenPost
