Cryptocurrency derivatives exchange BIT has launched options trading for a new altcoin after Ripple (XRP).
Dubai-based cryptocurrency exchange BIT has added Filecoin to its services. by Stock Exchange Friday, September 22 In the statement made on the day, market makers coinhako And Orbit Markets In line with the partnership established with FIL option trading begins place was given. In line with the partnership, FIL specific first liquidity inflow provided by the market makers in question.
BIT, in the past period Ripple, Toncoin (TON), Milady Meme Coin (LADYS) And Cardano (ADA) He announced that he started options trading for .
From the BIT board of directors Lionstated that this step was taken as a response to the demand from important actors of the sector:
We have seen increasing interest from institutional investors, miners and hedge funds to offer FIL options. This launch is a direct response to growing demand within the Filecoin community and the broader crypto market. Ultimately, this listing will benefit all market participants by providing a safer, more transparent and efficient environment for FIL options trading.
On the other hand, this option move implemented for FIL, especially OTC causing problems in operations counterparty risk And transaction cost will also reduce it.
Following the court decision in favor of XRP in the US Securities and Exchange Commission (SEC) case, it took its place among the exchanges listing Ripple. On the other hand, Filecoin is one of the altcoins that has been warned by the SEC and has been classified as a security.