Huobi Global, who have users in over 170 countries around the world, is aiming to offer Bitcoin Options trading to its offerings in the near future.
The blockchain and infrastructure provider describes its platform as a tool that is “dedicated to improving the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, cryptocurrency finance infrastructure solutions, education, data and research, social welfare, investment and incubation, and many more.”
Bitcoin Options Trading allows a trader the right, without an obligation, to buy or sell Bitcoin at a specific price at a certain date of expiry.
Huobi has released a statement, explaining them as a “contract… similar to a futures contract with the main difference being that the trader has an option, rather than an obligation, to buy or sell on a fixed date at an agreed upon price.”
They added: “These contracts also offer a leverage function, but generally, the premium is much lower than the spot index, which means that, when compared with spot trading, users only need to pay the premium to have a position so as to gain the same possibility of losses/profits.”
Testing is already taking place for this and Huobi are hoping to have this as part of their offerings in quarter three of this year.
This latest development comes after the successful launch of Perpetual Swaps earlier this year for Huobi.