Dubai, Dubai, 06 July 2023 by Chainwire
The options trading market is getting another boost thanks to a renewed partnership between cryptocurrency derivatives exchange BIT and Darley Technologies and DWF Labs.
Just recently, BIT launched options related to Cardano ADA Token launch in partnership with strategic partner Darley Technologies and market maker DWF Labs. Today, LADYS Options marks a major milestone for the industry as it is the world’s first meme-coin option introduced to the market for institutional and retail traders.
For new traders or existing spot traders, options can be seen as an intimidating tool. This type of derivative gives traders the right to buy or sell an underlying asset at a specific price on or before a specific date. The core function of options is binary: the right to buy an asset is a call option, while the right to sell an asset is a put option.
“Our aim is to simplify access to options trading for all traders, providing an easy-to-understand interface and tools that align with what the community is passionate about. Memecoin is a great way to get people learning about options trading” said Andrei Grachev, Managing Partner at DWF Labs .
“We are proud to announce the listing of LADYS options as the world’s first memecoin options, made possible with the support of our esteemed partners Darley Technologies and DWF Labs.” Justin Buitendan, Global Head of Institutional Sales at BIT said: “Meme Bitcoin has experienced rapid growth, and we are excited to offer our clients additional avenues to enhance their trading strategies. LADYS options mark the beginning of an exciting journey, with many more exciting opportunities on the horizon.”
The incredible popularity of the LADYS token and the sudden rise of related projects thanks to the alliance between BIT, DWF Labs, and Darley Technologies made it a perfect candidate for the first Memecoin option to trade.
About Beijing Institute of Technology
a small amount is a full-featured cryptocurrency exchange designed for professional use, with advanced risk management and capital efficiency backed by Portfolio Margin and Uniform Margin.
BIT was launched in August 2020 as an affiliate of Matrixport, a well-known crypto financial services company. BIT is one of the top cryptocurrency options trading platforms, offering innovative USD margin trading pairs.
About Dali Technology
Dali Technology It is a pioneering liquidity provider in options trading in the cryptocurrency field, and its mission is to provide deep and reliable liquidity at competitive prices. Headquartered in Zug, Switzerland, the heart of the European blockchain ecosystem, Darley Technologies brings together a team of experienced scientists, developers and traders to design and engineer state-of-the-art network areas to successfully carry out their mission. venues around the world.
About DWF Labs
DWFLab It is a global digital asset market maker and multi-stage web3 investment company, providing support from token listing to market making to over-the-counter trading solutions. DWF Labs seeks to invest and support bold founders who want to build the future of Web3.
DWF Labs operates in Singapore, Switzerland, Korea, British Virgin Islands and the UAE and trades close to 2,000 pairs per day, placing DWF Labs among the top 5 entities by volume on the top 40 global exchanges.
Managing Partner of DWF Labs