The initial issuance of SOL and ADA buy and sell options will have daily maturities, with weekly and monthly maturities at a later date, Coin Telegraph reported.
Options give owners the right, but not the obligation, to buy or sell a specified security at a specified price in a predetermined time frame.
Put and sell options are used extensively in traditional markets but are becoming more and more prevalent in cryptocurrency markets.
Delta Exchange already offers trading options for Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Pay (BCP) and Binance Coin (BNB).
As Coin Telegraph reported, the derivatives exchange launched several options products in mid-2020.
The crypto-derivatives market has grown exponentially this year, as traders defy regulatory crackdowns from global financial authorities.
Crypto exchange Binance recently announced that it is restricting derivatives trading to Hong Kong users amid local pressures.
In the United States, officials with the Commodity Futures Trading Commission have expressed support for broader enforcement of crypto-based derivatives.
