Cryptocurrency Launches New Strike Options Feature Launches New Strike Options Feature has recently introduced a new derivatives trading feature called Strike Options in its app, offering a significant enhancement to its trading options. This feature, available through the App, is designed for users who wish to forecast and possibly gain from fluctuations in cryptocurrency prices.

Strike Options function on a binary model, enabling users to predict if the price of a base cryptocurrency like Bitcoin (BTC) will exceed a set strike price at expiration. The process is streamlined into a simple “Yes/No” decision, providing an easier way to engage in derivatives trading. Choosing “Yes” implies the belief that the asset’s price will rise above the strike price, whereas “No” indicates an expectation of a price drop. Users also have the option to close their positions early, which can be essential for risk management or profit-taking.

The duration of these contracts is limited to 20 minutes, and the minimum investment is $10. However, cautions that the ease of access should not detract from the inherent risks associated with fast-paced, leveraged trading.

Additionally, Strike Options are designed to be advantageous in various market scenarios, allowing users to speculate on both upward and downward market trends.

Presently, this product, regulated by the Commodity Futures Trading Commission (CFTC), supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), with plans to broaden its range of assets.


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