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Current BTC Index Price $--
The BTC Index price averages the BTC-USD prices on seven primary exchanges around the globe, including Bitstamp, Bittrex, Coinbase Pro, Gemini, Kraken, Itbit, and LMAX Digital, after the highest and lowest prices on the above exchanges are removed. The BTC Index price is updated every second.
Investment Calculation
The Investment Calculation based on the previous day's market price (GMT+8) is for reference only.

Select Currency

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Underlying Asset

Type

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Buy or Sell

Strike Price
You can choose the Strike Price that suits you the best. The Settlement Amount you received will be the price difference between the Strike Price and the Settlement Index Price.
USD
Maturity Date
the date the OTC Options product matures
Amount
The number of contracts you would like to buy at this time. (1 Contract = 1 BTC)
BTC
Product Info
Note: The Investment Calculation is for reference only.。
Maturity Date
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Amount
-- BTC
Fees Payable
-- BTC
Settlement Index Price = Average BTC Index Price Between 15:30 and 16:00 on Product Maturity Date (GMT+8)
Inquiry
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Payment
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Maturity
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Settlement
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Rules

Vanilla Options

CallIt refers to the right given to the option holder to buy underlying assets, i.e., BTC or other digital assets, at a specified price. When buying a call option, buyers pay certain fees to sellers who must meet their obligations.

On the maturity date, buyers will profit if the underlying price is higher than the preset strike price. Otherwise, the option will expire automatically.

Settlement Rules:

On the maturity date, if the Settlement Index Price is higher than the Strick Price, the following formula will be applied: Settlement Amount = Order Amount * (1 - Strike Price / Settlement Index Price)

On the maturity date, if the Settlement Index Price is lower than the Strick Price, there will be no Settlement Amount.

Example:

On March 20, 2020, Mark bought the following product.

Product type: Call

Strike Price 8000

Maturity Date 2020-07-27

Amount 10 BTC

Mark paid all fees.0.2 BTC

On the maturity date on July 27, 2020,

If the Settlement Index Price is $14,000 and is higher than the Strike Price H, the following formula will be applied: Settlement Amount = 10 BTC * (12,000 - $8,000) / 14,000 = 2 BTC.

If the Settlement Index Price is $6,000 and is lower than or equal to the Strike Price, there will be no Settlement Amount.

PutIt refers to the right given to the option holder to sell underlying assets, i.e., BTC or other digital assets, at a specified price. When buying a put option, buyers pay certain fees to sellers who must meet their obligations.

On the maturity date, buyers will profit if the underlying price is lower than the preset strike price. Otherwise, the option will expire automatically.

Settlement Rules:

On the maturity date, if the Settlement Index Price is lower than the Strick Price, the following formula will be applied: Settlement Amount = Order Amount * (Strike Price / Settlement Index Price - 1)

On the maturity date, if the Settlement Index Price is higher than or equal to the Strick Price, there will be no Settlement Amount.

Example:

On March 20, 2020, Mark bought the following product.

Product type: Put

Strike Price 5000

Maturity Date 2020-07-27

Amount 10 BTC

Mark paid all fees.0.2 BTC

On the maturity date on July 27, 2020,

If the Settlement Index Price is $4,000 and is lower than the Strike Price, the Settlement Amount will be 10 BTC * (5,000 / 4,000 - 1) = 2.5 BTC.

If the Settlement Index Price is $8,000 and is higher than or equal to the Strike Price, there will be no Settlement Amount.

Spreads

Call SpreadIt means while buying a call option at a low strike price, one sells another call option at a high strike price but with the same underlying asset and maturity date.

Example: If you predict some time in the future the underlying price will rise above price 1 but no higher than price 2 (price 2 > price 1), buy a call spread.

Settlement Rules:

On the maturity date,,if the Settlement Index Price is lower than or equal to the Strick Price L, there will be no Settlement Amount.

On the maturity date,,if the Strike Price L is lower than the Settlement Index Price and is lower than or equal to the Strike Price H, the following formula will be applied: Settlement Amount = Order Amount * (1 - Strike Price L / Settlement Index Price).

On the maturity date,,if the Strike Price H is lower than the Settlement Index Price, the following formula will be applied: Settlement Amount = Order Amount * (Strike Price H - Strike Price L) / Settlement Index Price.

Example:

On March 20, 2020, Mark bought the following product.

Product type: Call Spread

Strike Price L 8000

Strike Price H 12000

Maturity Date 2020-07-27

Amount 10 BTC

Mark paid a 0.1 BTC fee.

On the maturity date on July 27, 2020,

If the Settlement Index Price is $7,000 and is lower than or equal to the Strike Price L, there will be no Settlement Amount.

If the Settlement Index Price is $10,000, higher than the Strike Price L and lower than or equal to the Strike Price H, the following formula will be applied: Settlement Amount = 10 BTC * (1 - 8,000 / 10,000) = 2 BTC.

If the Settlement Index Price is $14,000 and is higher than the Strike Price H, the following formula will be applied: Settlement Amount = 10 BTC * (12,000 - $8,000) / 14,000 = 2.85714285 BTC.

Put SpreadIt means while buying a put option at a high strike price, one sells another put option at a low strike price but with the same underlying asset and maturity date.

Example: If you predict some time in the future the underlying price will drop below price 2 but no lower than price 1 (price 2 > price 1), buy a put spread.

Settlement Rules:

On the maturity date,,if the Settlement Index Price is lower than the Strick Price L, the following formula will be applied: Settlement Amount = Order Amount * (Strike Price H - Strike Price L) / Settlement Index Price.

On the maturity date,,if the Strick Price L is lower than or equal to the Settlement Index Price and is lower than the Strike Price H, the following formula will be applied: Settlement Amount = Order Amount * (Strike Price H / Settlement Index Price - 1).

On the maturity date,,if the Strike Price H is lower than or equal to the Settlement Index Price, there will be no Settlement Amount.

Example:

On March 20, 2020, Mark bought the following product.

Product type: Put Spread

Strike Price L 4000

Strike Price H 6000

Maturity Date 2020-07-27

Amount 10 BTC

Mark paid a 0.1 BTC fee.

On the maturity date on July 27, 2020,

If the Settlement Index Price is $8,000 and is higher than or equal to the Strike Price H, there will be no Settlement Amount.

If the Settlement Index Price is $5,000, higher than or equal to the Strike Price L and lower than the Strike Price H, the following formula will be applied: Settlement Amount = 10 BTC * (6,000 / 5,000 - 1) = 2 BTC.

If the Settlement Index Price is $3,000 and is lower than the Strike Price L, the following formula will be applied: Settlement Amount = 10 BTC * (6,000 - 4,000) / 3,000) = 6.66666666 BTC.

Note:

1. This product is not principal-protected. You must complete the Investor Test if you are a first-time buyer. This will help you understand the relevant profits and risks fully. If necessary, please consult competent professionals before making investment decisions.

2. Please complete KYC before making a purchase.

3. Calculation data and quotes are for reference only and should not be considered as investment advice or a recommendation of any particular investment product. The final price of the order is subject to change.

4. You will be banned from accessing or using our service if: you are located in the "Restricted Jurisdictions" listed below; you are a citizen or resident of the "Restricted Jurisdictions" listed below; your company was registered/founded in the "Restricted Jurisdictions" listed below. "Restricted Jurisdictions" include but are not limited to the US (including all US territory, such as Puerto Rico, American Samoa, Guam, Northern Mariana Islands, US Virgin Islands, i.e., St. Croix Island, St. John Island, and St. Thomas Island), Japan, Hong Kong, Turkey, Israel, the UK, Cuba, Iran, the Democratic People's Republic of Korea, Crimea, Sudan, Syria, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Sevastopol, etc.

FAQ

1、What is the difference between Exchange Traded Options and Vanilla Options?

The main difference between Exchange Traded Options and Vanilla Options is whether the option contracts are standardized. Vanilla Options are non-standardized option contracts, and the exercise price and expiration date can be flexibly customized.

2、What are Spreads?

A spread is constructed by buying and selling an equal number of options of the same class but with different strike prices. Currently, we support Call Spreads and Put Spreads with the same expiration dates.

3、What is the minimum and maximum purchase limit?

The minimum purchase limit is 5 shares. There is no maximum purchase limit.

4、Can I revoke or redeem the product before the expiry date?

It is irrevocable after the purchase is successful. Early redemption is also not supported.

5、What is Settlement Price?

It is the average of the BTC index from 15:30 to 16:00 (UTC+8) on the expiry date of the product. The BTC index combines the BTC-USD prices of 7 major BTC-USD exchanges (Bitstamp, Bittrex, Coinbase Pro, Gemini, Kraken, Itbit and LMAX Digital) around the world.

6、When can I receive the settlement amount and how?

The settlement will be completed within 48 hours after 16:00 on the expiration date, you will receive settlement amount or no settlement as described in the Settlement Rules.