Cardano

United

Bitcoin

Toncoin

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 Profit and loss settlement will occur in U.S. dollars, with OrBit Markets responsible for order book liquidity. 
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<div class="cointelegraph"> 
 BitExchange has introduced XRP (XRP)-linked <a rel="noopener noreferrer nofollow" title="options" href="https://thebittimes.com/tag/options.html">options</a> on its cryptocurrency derivatives platform. According to an Aug. 17 statement from the exchange, the initiative will allow users to engage in XRP <a rel="noopener noreferrer nofollow" title="options" href="https://thebittimes.com/tag/options.html">options</a> <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> without the need for cryptocurrency <a rel="noopener noreferrer nofollow" title="ownership" href="https://thebittimes.com/tag/ownership.html">ownership</a>. 
 Profit and loss settlement will occur in United States dollars, with OrBit Markets responsible for order book liquidity, the exchange said, adding that the latest addition adds to its offerings, including Bitcoin (BTC), Ether (ETH), Cardano (ADA), Toncoin (TON) and Milady (LADYS). 
 Options represent derivative agreements that bestow the buyer with the privilege to purchase or vend the underlying asset at a predetermined price on or before a specified date. Call <a rel="noopener noreferrer nofollow" title="options" href="https://thebittimes.com/tag/options.html">options</a> grant the buying right, while put <a rel="noopener noreferrer nofollow" title="options" href="https://thebittimes.com/tag/options.html">options</a> offer the selling right. 
 Typically, traders utilize <a rel="noopener noreferrer nofollow" title="options" href="https://thebittimes.com/tag/options.html">options</a> for hedging purposes, lessening bearish or bullish risks, or generating supplementary earnings by “writing” <a rel="noopener noreferrer nofollow" title="options" href="https://thebittimes.com/tag/options.html">options</a> alongside their spot market holdings. 
 Justin Buitendam, BitExchange’s global head of institutional sales, said: 
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 “We’re excited to be among the early platforms offering XRP options trading to institutional and retail traders, providing both long and short options trading opportunities.” 
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 With a current market capitalization of $30.88 billion, XRP ranks as the fifth-largest cryptocurrency globally. Like other alternative cryptocurrencies, XRP exhibits higher volatility than Bitcoin and Ether. 
 Related: Ripple Labs bites back against SEC's request to file appeal 
 BitExchange’s choice to introduce XRP <a rel="noopener noreferrer nofollow" title="options" href="https://thebittimes.com/tag/options.html">options</a> follows a recent ruling partially in favor of Ripple Labs — which issues the XRP token —&nbsp;in its ongoing battle against the United States Securities and Exchange Commission (SEC). The judge&nbsp;ruled that XRP is not considered a security when traded on centralized exchanges but could be classified as one when directly sold to institutions. 
 After the ruling, numerous exchanges relisted XRP. In a more recent development, the SEC has sought permission to challenge the court’s decision. 
 Magazine: Deposit risk: What do crypto exchanges really do with your money? 
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BitExchange enables XRP options trading, no need for ownership

TheBitTimes

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