As of February 8th 2019, the KAYA token has officially announced its futures option. Traders will be able to participate through Delta Exchange, where the management team aims to establish a volatility free platform.
KAYA Token Futures on Delta Exchange Explained
Fintech hub LATTICE80 has announced the listing of KAYA token futures on Delta Exchange.
According to LATTICE80 CEO Joe Seunghyun, the KAYA token futures was launched to provide a “crypto volatility free platform” to fintech startups. The KAYA network aims to connect startups with financial institutions, corporates, governments, and the general public with a focus on the globally unbanked and the United Nations 17 Sustainable Development Goals (SDGs).
The network reportedly has over 11,000 fintech enterprises in its database. It recently launched the KAYA token to expand the available solutions for blockchain-based fintech companies.
LATTICE80 CEO Joe Seunghyun provided the following comments on the news:
“We are excited to launch KAYA Token Futures to develop a Crypto Volatility Free platform. Crypto tokens and Blockchain Technology will be one of the key technologies to bring the innovation into the finance industry. 2019 will be the year to see more of the use cases and studies to show how smart and programmable money can solve lots of the challenges in the current banking system, especially in the unbanked and underbanked markets.”
Jitender Tokas, co-founder and Chief Business Officer of Delta Exchange, explained how token futures can allow for increased liquidity:
“We at Delta Exchange are excited to have partnered with LATTICE80 to list futures contract on KAYA Token. The KAYA Token Futures will enable traders to go both long and short and use leverage. This will result in better price discovery and higher liquidity in KAYA Token. We look forward to serving the LATTICE80 community.”
Futures Contracts for Security Tokens Explained
The KAYA token is not the only instance of futures available to traders.
BAKKT plans to launch a Bitcoin daily futures contract starting in 2019. Under the contract, Bitcoin will be kept in cold storage with insurance.
Nasdaq has also announced Bitcoin futures to be available in early 2019.
sETH was also developed to provide traders with the opportunity to short Ethereum tokens.
With the integration of fintech and traditional financial securities, the cryptocurrency industry has consistently shifted towards security tokens.
Many companies have cancelled ICOs and turned to the Security Token Offering (STO) as a viable alternative.
With increased firms turning to futures contracts, the potential for tokenized assets in traditional finance only looks brighter.
What do you think of KAYA token futures? What will it take for futures contracts for digital assets to become mainstream? Let us know what you think in the comments section below.
Image courtesy of LATTICE80.