Binance Prepares To Launch Bitcoin Options Trading…Details Here
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Answer Binance Prepares To Launch Bitcoin Options Trading…Details Here
According to the founder and CEO of Binance and what he posted on Twitter, we may see Bitcoin options traded on Binance soon.
The tweet that “CZ” posted on Twitter was a response to what was published by the official account of the Binance platform, in which it asks followers to notice anything new in the update and lists the list of new updates added to the platform, including updates to the platform’s application on smartphones.
– CZ Binance 🔶🔶🔶 (cz_binance) April 3, 2020
Trading Bitcoin “option” options is a feature that many traders have been waiting for, as it provides “option” trading Bitcoin options and enables traders to hedge against Bitcoin price fluctuations in either direction, and gives options either the right to buy (a buy option) or to sell (an option to sell). A specific asset when the specified price is reached, and the target price is set on or before the contract expiry date.
Read:Crypto community optimism after the United Nations warns the Federal Reserve of recession and its consequences
While the service is available on other platforms, such as Deribit and FTX, it is not on the world’s largest by market capitalization.
If Binance does launch such a service, users around the world will flock to Binance’s options.
In fact, this will bring more legitimacy to the cryptocurrency space, ensuring a more streamlined expansion towards the masses.
In addition, providing more services to traders is among the strengths of Binance, which aims to provide new technologies and means and everything that is available in the cryptocurrency trading market on a regular basis.
Recently, Binance announced the acquisition of the CoinMarketCap platform, and revealed that it was preparing to launch a cryptocurrency mining group, as it had previously announced the launch of a card for cryptocurrencies.
Read:What does “green bitcoin” mean for the crypto mining industry?
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After the big announcement… Binance deletes everything related to “Visa” in the crypto card
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