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

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

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.