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BIT Options Introduction
BIT Options Introduction
Updated over a week ago

BIT options are European-style options contracts on cryptocurrencies, allowing users to buy or sell cryptocurrency options and exercise on the expiration date, while user may sell the option contracts before the expiring to next options investor through orderbooks

As the buyer of the option, the user need to pay the seller a premium when buying the option, and BIT will automatically exercise or not exercise the option for the buyer on the expiration date based on the price of the underlying asset.

As the seller of the option, the user will receive the premium paid by the buyer, and meanwhile will be required to pay a portion of the margin as a guarantee when selling the option. In addition, the option seller will be required to cooperate with the execution or non-execution of the contract on the expiration date, and the system will release the account margin of the seller if there is no need to exercise the option on the expiration date.

Product Description

The options products of BIT support USDT-margined options.

Expiration date offered by BIT

Divided by expiration date type, the option products offered by BIT are divided into daily options, weekly options, monthly options, and quarterly options, as follows.



USDT-margined options

USDT-margined options

Daily

Weekly

Monthly

Quarterly

BTCUSDT option

Today

Next day

The day after the next

Current week

Next week

The week after the next

Current month

Next month

Current quarter

Next quarter

ETHUSDT option

Today

Next day

The day after the next

Current week

Next week

The week after the next

Current month

Next month

Current quarter

Next quarter

BCHUSDT option

Today

Next day

The day after the next

Current week

Next week

The week after the next

Current month

Next month

Current quarter

Next quarter

TONUSDT options

Today

Next day

The day after the next

This week

Next week

The week after the next

This month

Next month

-

FILUSDT options

-

This week

Next week

This month

Next month

-

XRPUSDT options

-

This week

Next week

The week after the next

This month

This quarter

SOLUSDT options

Today

Next day

The day after the next

This week

Next week

The week after the next

This month

Next month

-


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