Option Trading Use Agreement

Investor Notice

OKACRYPTO trading platform (hereinafter referred to as "this platform") provides innovative option trading services with a certain level of risk. Users must carefully read and agree to this agreement before opening and using the innovative option trading service. Your use of the service will be deemed as full understanding and agreement to this agreement and the risks associated with innovative option trading.

Overview of Innovative Options Trading

Innovative options trading is a new type of digital asset risk hedging financial derivative, featuring simplicity, flexibility, and strong operability. It provides investors with a new type of digital asset risk hedging product. Investors can execute specific directional trades under limited and controllable risk exposure. With clear expected returns, innovative options trading also has the characteristics of transaction diversity and multiple potential returns. Each time an innovative option is purchased, investors are fully aware of the potential gains. Digital assets are known for their extreme price volatility. Traditional financial derivatives such as futures contracts have limitations in fairness, trading volume, and time costs, making them unable to fully hedge the risks associated with digital asset price fluctuations. Innovative options trading not only inherits the risk management advantages of traditional financial market options trading, including non-linear profit and loss structures and portfolio investment, but also combines the characteristics of digital assets to provide professional risk management strategies for investors in high-risk markets.

Trading Rules

  1. Mark Price: The mark price is generated based on prices from five major exchanges: Binance, Kraken, Okex, Huobi, and Coinbase, with each exchange contributing 20% weight. The mark price is valid only if at least three exchanges are effective. The platform will adjust the composition and weights of the index based on real-time trading data to ensure data validity and fairness and will announce such adjustments.
  2. Expiry Time: Options are available in durations of 30 seconds, 60 seconds, 120 seconds, 150 seconds, and 180 seconds, with GMT time as the reference.
  3. Yield: The expected yield is clearly stated when purchasing an option. For example, purchasing a 100USDT 30-second BTC call option with a 10% yield will result in a payout of 110USDT (including principal) if the option expires in the money.
  4. Abnormal Handling: In case of network delays, data failures, or system errors, the affected options may be deemed invalid, and funds used to purchase such options will be refunded to the user's account.

Risk Warnings

  1. Price Volatility: Digital assets are highly volatile, and investment errors may lead to significant losses.
  2. Trading Risks: Once executed, trades cannot be revoked. The platform does not guarantee profits.
  3. Regulatory Risks: Trading may be affected by regulations in different regions.
  4. Other Risks: Trading rules may change, and internet-based trading carries technical risks.

Special Notes

  1. Innovative options trading carries high risks. Investors must understand the basics and rules.
  2. The platform does not provide investment advice, and users must assume risks independently.
  3. Market manipulation is prohibited, and the platform may impose restrictions.
  4. The platform reserves the right to monitor transactions, adjust limits, and suspend or terminate suspicious activities.

Investors should carefully assess their capabilities and proceed with caution when participating in innovative options trading.