The ability to trade bilateral options tied to cryptocurrencies with Galaxy removes credit risk, which is normally associated with traditional OTC options trades, Galaxy said in a statement. This is because users send their collateral to a smart contract rather than to a counterparty, making the user less exposed to the counterparty and what they might be doing with one’s collateral.
Trending
Avalanche (AVAX) And Monero (XMR) Poised for Bullish 2023, Orbeon Protocol...
Avalanche (AVAX) and Monero (XMR) are expected to have a bullish year in 2023, with AVAX recently seeing a small rally. Meanwhile, Orbeon Protocol...