Top Crypto Exchange Binance Hints at Launching Bitcoin Options Trading

Cointelegraph | Apr 3, 2020 at 10:33 AM
  • Top crypto exchange Binance has hinted that it plans to launch Bitcoin (BTC) options trading.
  • 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”.
  • In December, Malta-based cryptocurrency exchange OKEx launched Bitcoin options trading for a select group of traders ahead of public launch in January 2020.