Binance Announces SOL/USDT Options Launch

user avatar

by Giorgi Kostiuk

2 years ago

The largest crypto exchange Binance is set to launch Solana options, stirring investor interest in the potential for a currency surge.

Solana Options Launch

Binance has announced the launch of SOL/USDT options on its Options Trading platform starting November 12. This announcement comes as investors anticipate Solana's potential to reach a new all-time high. The options will be available in daily and weekly formats and comply with European MiCA standards, meaning they can be exercised only on the expiration date.

Binance Funds Transfer

As part of its wallet liquidity management, Binance has transferred over 2 million SOL from its cold wallet to its hot wallet, amounting to over $374.82 million.

Solana's Prospects and Price Movement

In the past 24 hours, Solana recorded a rise to $191.95, but the rally has cooled to 0.64%. The bullish potential remains according to a positive MACD histogram. The current price is down 27.6% from the ATH of $260 reached on November 6, 2021. To continue its ascent, the price needs to stay above $171.52, allowing it to test resistance levels at $195.85 and $204.50.

Binance's launch of Solana options could significantly impact the market. Despite current fluctuations, the outlook remains positive. Investors should consider all factors before making decisions.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Project Eleven and Quantus Collaborate on Strongpoint for Future Crypto Custody

Project Eleven has partnered with Quantus to enhance crypto custody solutions through the integration of the Quantus Network into Strongpoint, targeting support for post-quantum cryptography by Q1 2027.

user avatarRajesh Kumar

Sui and Alibaba Cloud Collaborate on AI Agent Payment Integration

Sui and Alibaba Cloud are developing a payment model for AI agents to autonomously pay for cloud services using stablecoins.

user avatarLucas Weissmann

Moscow Exchange to Launch Cryptocurrency Trading on December 1

Moscow Exchange is set to begin offering cryptocurrency trading on December 1, 2023, following a new regulatory framework in Russia.

user avatarFilippo Romano

OSL Group Launches Tokenized USDGO Plus SP Fund

OSL Group has successfully tokenized the USDGO Plus SP fund, providing custody and distribution through its licensed platform in Hong Kong.

user avatarEmily Carter

PowerCompute Increases Bitcoin Production While Reducing Debt

PowerCompute mined 81 BTC in September 2023, a 37 BTC increase from last year, while reducing its secured debt from $237 million to $125 million.

user avatarKaterina Papadopoulou

NextBlock Fully Funds Soda Labs' Seed Round with $3 Million Investment

NextBlock has invested $3 million in Soda Labs, fully funding the company's seed round to develop privacy infrastructure for financial applications.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.