Binance Introduces New Vanilla Bitcoin Options

Binance Introduces New Vanilla Bitcoin Options
CONTENT

  • Binance Introduces Simplified Bitcoin Options

  • With the new product, exchange users will be able to act as issuers

  • According to the head of Binance, the growth of bitcoin above $ 28,000 was the result of persistent development of new products.

International consortium of news organizations developing transparency standards.

Binance Introduces New Vanilla Bitcoin Options

Binance Crypto Exchange Introduces New Tool For Diversifying Investment And Trading Portfolio

Crypto exchange Binance has developed new European-style simple Bitcoin options pegged to USDT stablecoin. This was announced in a press release received by the editorial staff of BeInCrypto. With new options, exchange users can also act as issuers.

Join our telegram channel to keep abreast of the main trends in the crypto market.

Binance Introduces New Vanilla Bitcoin Options

“Vanilla” or simple options function more simply than “exotic” ones. Binance options are often referred to as “exotic” when compared to binary options due to their short-term nature.

Holders of new options will only be able to exercise them on the expiration date of the contract, Binance said..

New trend

Institutional clients require a wide range of financial instruments, and the company hopes that the new options will optimize the liquidity management process for them. The head of Binance Changpeng Zhao said that the recent growth of bitcoin above the $ 28,000 level only confirms the effectiveness of developments in this direction..

Read also: Deribit Bitcoin Options Open Interest Reaches $ 1 Billion

Binance first launched US-style options in April 2020. Unlike European options, American options can be exercised at any time before they expire. European options are better protected from volatility as traders can only sell them at a specified price within an agreed timeframe.

Learn how to trade in the cryptocurrency market with BeInCrypto partner, StormGain cryptocurrency exchange

Binance Introduces New Vanilla Bitcoin Options

Options in the cryptocurrency market are in great demand. So, for example, back in the first quarter of 2020, the Chicago Mercantile Exchange (CME) announced the launch of bitcoin options. At the same time, JP Morgan analysts came to the conclusion that with the advent of new instruments, institutional interest in contracts will only increase..

Why bitcoin futures and options have become a new trend in the cryptocurrency market – read in a special material from BeInCrypto.

What do you think? Share your thoughts with us in the comments and join the discussion in our Telegram channel.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles