Binance Exchange Hints at Launching Bitcoin Options Trading

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trading options

Top crypto exchange Binance has hinted that it plans to launch Bitcoin (BTC) options trading. 
Two tweets — via the exchange’s official handle and CEO Changpeng Zhao (“CZ”) — posted on April 3 revealed “testflight leaks” and a screenshot of an apparent prototype for trading 



“Notice anything new”?

 

Binance’s performative social media “leak” revealed options trading support as one of the items on a “what to test” list, which included other products that have previously been officially announced, such as the Binance Card issued by Visa.
As a popular derivative that enables traders to hedge against asset price swings in either direction, an options contract offers the chance to purchase either a right to buy (a call option) or sell (a put option) a given asset at a specified “strike price.” This strike price is determined on or before the contract’s expiration date.
In response to a request from Cointelegraph, a spokesperson from Binance declined to comment.


 

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