Do Physically-Settled Contracts Exist for Tokens Other than Bitcoin and Ethereum?
Yes, physically-settled contracts exist for a limited number of other major, highly-liquid cryptocurrencies, though they are less common than for Bitcoin and Ethereum. Exchanges will offer them for tokens that have a significant market capitalization and a relatively stable, high-volume spot market.
However, for the vast majority of smaller, less liquid altcoins, derivatives are typically cash-settled or not offered at all due to the high risks and complexities of physical delivery.
Glossar
Market Capitalization
Valuation ⎊ This metric represents the total notional value of all circulating units of a cryptocurrency, calculated by multiplying the current spot price by the total supply outstanding, serving as the primary measure of an asset's overall economic scale within the market.
Smart Contract Design
Immutability ⎊ Once deployed on a public ledger, the logic governing the contract's execution, including option payoff calculations and margin calls, cannot typically be altered without a pre-coded upgrade mechanism.