The crypto options trading market gets another boost thanks to a collaboration between the cryptocurrency derivatives exchange BIT and the duo of Darley Technologies and DWF Labs, the new generation Web3 investor and market maker.
Earlier this year, BIT rolled out crypto options tied to Cardano’s ADA coin and Toncoin(TON) in collaboration with strategic partner Darley Technologies and market maker DWF Labs. Our firm was also involved in launching A new options contract based on the LADYS token marks a significant milestone in the industry as the world’s first memecoin-based derivative brought to the market for both institutional and retail traders.
Crypto options might be seen as an intimidating instrument for new traders or existing spot traders. This type of derivative gives the trader the right to buy or sell an underlying asset at a certain price on or before a specific date. The core functionalities of options are binary: the right to buy the asset is a call option, and the right to sell it is a put option.
DWF Labs’s intent is to simplify access to crypto options trading for all, providing an interface that is simple to understand and instruments that are in line with what communities are passionate about. Memecoins are an excellent way to engage people and make them learn options trading, underlined Andrei Grachev, Managing Partner of DWF Labs.
The Global Head of Institutional Sales of BIT, Justin Buitendan, added:
‘We are proud to announce the listing of LADYS options as the world’s first memecoin options, made possible through the support of our esteemed partners, Darley Technologies and DWF Labs. Meme coins have experienced rapid growth, and we are thrilled to provide our clients with an additional avenue to enhance their trading strategies. LADYS options mark the starting point of an exciting journey, and there are more exciting opportunities on the horizon.’
The popularity of the Milady (LADYS) token, as well as the sudden sprout of related projects, made it the perfect candidate for the first memecoin to be traded.
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