DWF Labs, the new generation crypto investor and market maker, supports BIT’s introduction of options tied to Toncoin (TON), the native cryptocurrency of a Layer 1 blockchain, The Open Network (TON). This move marks a significant step in expanding the cryptocurrency derivatives market beyond Bitcoin (BTC) and Ethereum (ETH), highlighting the growing investor interest in altcoin derivatives.
Expanding the Crypto Derivatives Market
Cryptocurrency derivatives exchange BIT has officially launched TON options today, with availability on the institution-focused liquidity network Paradigm to follow. This development reinforces the increasing institutional and retail demand for diversified derivative products beyond BTC and ETH.
By integrating TON into its suite of futures and s, BIT is strengthening its position as a leading platform for crypto derivatives. This launch is made possible through a strategic collaboration between BIT, liquidity provider Darley Technologies, and DWF Labs, a key supporter of the TON ecosystem.
A Strategic Move for TON and the Crypto Industry
We recognise the immense potential of crypto options market, which has seen substantial growth in recent years. While BTC and ETH have historically dominated this space, the inclusion of TON is a pivotal shift towards a more diverse derivatives landscape.
Andrei Grachev, Managing Partner of DWF Labs, commented:
“With a global community growing at a rate of more than 2% weekly and over 100 million transactions completed to date, the TON ecosystem is among the most promising in the market. Entering the options market is a logical and crucial step for TON, as, until now, only BTC and ETH were available. This ensures TON takes its rightful place alongside crypto’s most prestigious assets.”
Bringing Institutional and Retail Traders into the TON Ecosystem
The introduction of TON options aligns with DWF Labs’s vision of supporting greater liquidity and accessibility in the cryptocurrency market. By backing initiatives like this, we aim to support the growth of advanced blockchain ecosystems and ensure that more traders, both institutional and retail, can engage with TON on a broader scale.
BIT’s Co-Founder and Chief Operating Officer, Lan, highlighted the increasing demand for altcoin-based crypto options trading:
“With the advent of dollar-margined products and the addition of various altcoin options, the options market has enormous growth potential. BIT and our trusted partners are committed to making crypto options more accessible.”
A Milestone for TON in the Global Crypto Market
By expanding into the crypto options market, TON is solidifying its status as a major player in the industry. This move ensures that TON will be actively traded alongside major crypto assets like BTC and ETH.
DWF Labs remains committed to supporting developments in crypto liquidity, trading, and infrastructure. We look forward to seeing the continued success of TON.
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