PowerDEX expands to Solana, providing on-chain custody and access to over 80 altcoin options markets.
-- PowerTrade, a crypto options trading and investment platform, announces the launch of PowerDEX on Solana. This expansion follows previous launches on Ethereum and Base, and introduces on-chain custody and settlement, enabling access to over 80 altcoin option markets and 100,000 products for both professional and retail traders.
“We set out to break down the barriers to altcoin options trading,” said Mario Gomez Lozada, Founder & CEO of PowerTrade. “By bringing PowerDEX to Solana, we’re delivering the speed, scalability, and cost-efficiency that traders demand, while maintaining advanced options features.”
PowerDEX on Solana offers on-chain settlements and self-custody of funds, allowing users to retain control of their assets. The platform supports over 80 unique altcoin options markets, with plans to expand to more than 150 by mid-2025, and offers a range of option instruments including daily, weekly, and up to six-month maturities.
PowerDEX will introduce 10-minute and 1-hour BTC options, which are among the first exchange-listed contracts of their kind. These products are designed to serve a variety of trading preferences, with additional roll-outs planned for altcoin markets.
Users can post collateral in USDC and SOL. The platform also provides tools for constructing multi-leg option strategies and features a margin engine designed to optimize collateral requirements across portfolios.
- Request-for-Quote functionality powered by AI/LLM technology.
- Multi-leg strategy builder for constructing complex option structures on-chain.
- SPAN margin engine to optimize collateral requirements and leverage efficiency.
PowerTrade was founded on the belief that the crypto options market has significant growth potential. While perpetual futures currently represent a large portion of crypto trading volume, options remain a smaller segment.
With the launch of PowerDEX on Solana, PowerTrade aims to address key challenges in altcoin options trading, including diversity of offerings, pricing and liquidity complexity, and high capital and technical barriers. The platform seeks to make altcoin options more accessible to a broader range of participants.
On PowerDEX Solana, traders can hedge altcoin positions, sell covered calls, deploy directional strategies, and build complex multi-leg trades using on-chain tools.
With PowerDEX now available on Ethereum, Base, and Solana, the platform is planning to support over 150 options markets by Q3 2025. Upcoming features include the launch of structured products and expanded settlement currency options.
About PowerDEX
PowerDEX is a crypto trading and investment platform specializing in options and related products. Founded by industry veterans, PowerTrade’s mission is to provide innovative financial solutions for clients in both centralized and decentralized ecosystems.
Learn more: https://dex.power.trade/
Contact Info:
Name: Federico
Email: Send Email
Organization: PowerDEX
Website: https://dex.power.trade/
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