Binance hinted at the launch of option trading for Bitcoin




Binance's BNB token hits an all-time high against Bitcoin


Leading cryptocurrency exchange Binance has just hinted that it is planning to launch Bitcoin (BTC) option trading.


Two tweets were posted on April 3 - one from the Binance exchange and one from CEO Changpeng Zhao (CZ), revealing "TestFlight leak”And Screenshots of a clear prototype for trading BTC / Tether options (USDT).


Source: CZ's Twitter
Source: CZ's Twitter

"What's New?"


Binance's official Twitter account has revealed support for option trading as an item on the list of "things to test", including other previously published products, such as the Binance Card. Issued by Visa.


A popular derivative tool - allowing traders to use it as a hedge against asset price volatility in either direction, a options contract is an agreement in which investors enter into contracts. have the right to buy or sell property at a predetermined price, which may occur before or at a given time.


CoinTelegraph contacted Binance to receive further comments about this news, but the exchange's spokesperson declined to comment.


Bitcoin options are launched in 2019-2020


In October 2019, CME Group said it expects to see demand for options products for its upcoming Bitcoin futures soar in Asia - which was first announced in September.


In December, Malta-based cryptocurrency exchange OKEx also launched Bitcoin options trading for a select group of traders before its public launch in January 2020.


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According to CoinTelegraph
Translated by ToiYeuBitcoin




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