Delta Exchange offers up to x leveraged "turbo" Bitcoin options. Image: Shutterstock In brief A crypto derivatives exchange is now offering "turbo" options.
The futures-like offering comes with up to x leverage. Crypto derivatives platform Delta Exchange today launched Bitcoin turbo options, a twist on the traditional derivatives.
These offer up to x leverage and enable traders to sell the option once a price barrier is hit. Not unlike traditional bitcoin futures contracts, options are most often used as a hedging device, allowing traders to minimize risks while making a bet on the future price of an asset.
Image: Shutterstock For Delta's turbo turbo option is offerings, the barrier price or stop loss is set at 0. Additionally, these turbo options will initially be settled daily in Turbo option is, with weekly and monthly settlements in the pipeline.
They provide a way for retail traders to capture upside in the price of Bitcoin for a fraction of the price and without risking much capital," explained Balani. Crypto derivatives have fallen into ill repute with regulators, particularly in the UK, where the financial conduct agency FCA has moved to ban them.
Per the watchdog, derivative products are "ill-suited" for retail investors due primarily to the volatility of the underlying crypto market. For the best experience, top crypto news at your fingertips and exclusive features download now. Load More.