Crypto derivatives platform Delta Exchange announced Wednesday that it has launched futures trading on Solana (SOL) and Cardano (ADA), giving investors a new access point to the leading altcoins.
Initial rollout of SOL and ADA call and put options will have daily maturities, with weekly and monthly maturities to be made available at a later date, Delta said.
Options give owners the right, but not the obligation, to buy or sell a specific security at a specified price within a pre-defined timeframe. Call and put options are used heavily in traditional markets but have become more prevalent within crypto markets.
Delta Exchange already provides options trading for Bitcoin (BTC), Ether (ETH), XRP (XRP), Bitcashpay (BCP) and Binance Coin (BNB). As Cointelegraph reported, the derivatives exchange launched several options products in mid-2020.
The crypto derivatives market has grown exponentially this year, with traders defying a regulatory crackdown from global financial authorities. Cryptocurrency exchange Binance recently announced it was restricting derivatives trading for