Binance launches Bitcoin option trading on mobile apps

Binance.US will open user registration next week

Cryptocurrency exchange Binance officially launched Bitcoin options trading (BTC) after more than a month of disclosure.

The new product is currently only available on the latest mobile application versions of Binance, according to one notification in Monday. Binance Options allows traders to execute a contract anytime before the expiry date.

Binance said its options offer a shorter time frame than traditional options, from 10 minutes to 1 day. There is also only one strike price, which is equivalent to the contract price on Binance Futures when traders exercise their rights.

Binance's move to the options market makes it a direct competitor to market leader Deribit, as Toiyeubitcoin reported in February. Therefore, the question is: can Binance's market entry change the game?

Market experts of The Block discussed at a time when there were mixed opinions. Darius Sit, managing partner of QCP Capital - a Singapore-based trading company that provides cryptocurrency options, told The Block at the time that increased competition would only increase the volume of Deribit. "The essence of the exchange market is that most of the flow will eventually flow to the dominant exchange," he said.

Meanwhile, Richard Rosenblum, co-founder of cryptocurrency trading company GSR, revealed at the time that there was room for "many winners" in space outside Deribit, bringing out a host of market participants. global market, from retail to organization.

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According to The Block
Translated by ToiYeuBitcoin

About My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently. Mr Cuong.
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