Lan Yue, the co-founder and chief operating officer of BIT, has today said in an announcement that the exchange is joining hands with DWF and Darley Technologies to offer TON services. The options market is appropriate for expansion thanks to the emergence of dollar-margined items. With the help of its partners, BIT will work hard to make crypto solutions available to institutional and retail investors alike. According to the CEO, TON options are available on BIT and will soon be listed on Paradigm as well. He further added that TON is destined to become one of the biggest frequently traded digital currencies in the nascent crypto securities industry.
BIT Leads the Way in Crypto Options Trading with TON Availability
There is a large and constantly expanding industry for trading cryptocurrency options. This trend is only projected to accelerate in the upcoming years. In conventional banking, the options market is 35 times larger than the spot market. However, it only makes up 2% of the total trading in the cryptocurrency market.
BIT is well-positioned to emerge as a dominant participant in cryptocurrency alternative investments as the industry develops since it was one of the first crypto exchanges to provide USD-margined choices. Users may trade various options, such as Bitcoin and Ethereum, using USD as security. BIT does have the unique flexibility to easily add compatibility for more cryptocurrencies.
TON Options Trading Goes Live on Paradigm and BIT with Support from DWF Labs and Darley Technologies
TON options may now be placed on Paradigm and BIT thanks to the efforts of DWF Labs and Darley Technologies. Darley Technologies is the only company that can meet particular risk control needs. Due to its cutting-edge trading architecture, it comes with marketing and distribution for trading cryptocurrency options.
The goal of Darley Technologies is to give people more options by creating and spreading cutting-edge technologies and ideas and encouraging people to be entrepreneurs. The launch of the market-making operations on the options market for alternative cryptocurrencies marks a significant new phase in development. Clément Florentin, CEO, and Co-founder of Darley Technologies remarked that the new initiative, in conjunction with BIT, DWF Labs, and TON Foundation, illustrates the developing trust and efficiencies with its long-standing collaborators.
DWB Lab has invested $10 million towards the development of the TON ecosystems in November 2022. It has been among the most visible backers of the TON community for quite some time. TON options trading is now available on Paradigm and BIT thanks to the efforts of DWF Labs.