In which legal location is exchange registered? Is KYC needed to trade? Thank you in advance

Cool! Can't wait to try out - so few options trading platform in the current market, deribit abit confusing for beginner traders like me.

Tried out the BETA just now - can't wait for the real thing!

Hello jacafbiz, thanks for joining us here and for your feedback! Indeed, the options trading space in the crypto industry is still very immature - and Sparrow is here to change that!

Our founders are professional proprietary traders themselves so we fully understand what is currently lacking in the crypto trading landscape and what both retail and professional traders want. We aim to revolutionize the current digital assets trading landscape and bring professional trading tools to everyone

Also, just to share that all trades on Sparrow are settled on Ethereum smart contracts and deployed onto an Ethereum Chain called NIDUS. So you can trust in our trustless system instead!

You can read more about NIDUS here: https://medium.com/sparrowexchange/nidus-risk-control-blockchain-designed-for-speed-transparency-and-reliability-c5953c317a99

The BETA version has been closed, what I saw just now, can only wait until the release is complete, will it be used soon?

From what Ive heard, Sparrow Exchanging is launching within 8-10 days. So, the wait isn't long before we see a new trading platform when it comes to Options trading. I generally find Options trading slightly confusing and hope that they provide a solution to that.

Can someone tell me about the security of the platform? As it is a trading platform, we can expect huge amount of Crypto to be on the platform at any given time. Hacking of exchanges and platforms has been a major concern amongst the users.

Glad to see that Bitgo are the custodians. They have partnered with other prominent exchanges which is great. I see that Sparrow isn't slacking on any department. Which is great. Could you please explain what Nidus is? I don't think I've ever heard about it.

Thanks for that. I will surely have a look. It seems to be the official Medium page for Sparrow Exchange. I'll follow it for more news about the exchange.

Yes, I'm also waiting for their platform to be launched, but I'm also a bit confused about their options, whether they will make it easier for us to see the platform or when we trade.

Hi ladyfox, our platform will be live very soon so you'll be able to check our platform out. In the meantime, you can check out our Medium for some articles related to our platform - you can also find some snapshots of our trading platform there

For options trading, we offer customizable bitcoin and ethereum options. For ConvertNOW Facility which allows you to instantly swap one cryptocurrency for another at any specific amounts, we offer 25 trading pairs for cryptocurrencies including SPO, BTC, ETH and stablecoins such as SP$, PAX, TUSD, USDC and USDT.