EthosX has partnered with kanalabs.io to launch perpetual options product OPerps on its front end

ChainCatcher news, according to Chainwire, the decentralized derivatives infrastructure EthosX announced a partnership with kanalabs.io to launch a new perpetual options product OPerps on its front end, aimed at helping users generate income based on their market predictions.

It is reported that OPerps allows users to trade tokenized (ERC-20) options that never expire but settle every few minutes/hours. Investors can participate in long call options and long put options OPerps trading.

According to Web3 asset data platform RootData, the decentralized derivatives infrastructure EthosX completed a new round of financing of $1.8 million in December 2023. EthosX was founded in 2022 by Deepanshu, former Vice President of Global Derivatives Clearing at JPMorgan, and is a selected team in Binance Labs' sixth season MVB accelerator program, primarily providing automated and non-custodial clearing and settlement services for financial derivatives.