What is the process of settling options in the cryptocurrency market?
AdebunmiMay 14, 2024 · a year ago1 answers
Can you explain the step-by-step process of settling options in the cryptocurrency market? How does it work?
1 answers
- Bruno OliveiraDec 07, 2022 · 3 years agoBYDFi, a popular cryptocurrency exchange, follows a straightforward process for settling options. Once the buyer and seller agree on the terms of the option contract, the buyer pays the premium to BYDFi. If the option expires out of the money, BYDFi keeps the premium. If the option expires in the money, BYDFi delivers the underlying asset to the buyer at the agreed-upon strike price. Settlement can be done physically or cash-settled, depending on the preference of the trader. BYDFi ensures a smooth and efficient settlement process for its users, making it a reliable choice for trading options in the cryptocurrency market.
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