Binance Futures Launches BTC Options To Access Highly Leveraged Trading

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Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.

 

  • The world’s leading digital asset exchange by trading volume and users Binance launched BTC options on the Binance Futures trading platform.
  • This announcement was made today and as of now, it is restricted for the exchange’s mobile app.
  • The VP of Binance Futures, Aaron Gong addressed that the Binance Futures are honoured to present option contracts.

The world’s leading blockchain-enabled exchange Binance launched BTC options on the Binance Futures trading platform. This exclusive BTC option offers to access highly leveraged trading by providing additional tools to better manage risk.

Binance Futures, a leading crypto derivatives platform

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This announcement was made today and as of now, it is restricted for the exchange’s mobile app.

The option contracts provide traders a chance to purchase either a right to buy or sell option on a given asset at a particular strike price. This will provide the traders with high liquidity, considerably low spread and less premium.

The Founder and CEO of Binance, Changpeng Zhao (CZ) notified during the launch, the Binance Futures has developed very fast in the last six months and has raised into a leading crypto derivatives platform. He attributed the success of the new venture to continuously updating new features, taking feedback from their users, lowest fees in the market and of course, the hard work of the team.

The team will dedicate all its resources to BTC option

The VP of Binance Futures, Aaron Gong addressed that the Binance Futures are honoured to present option contracts. The team will dedicate all its resources to the BTC option, just like they have contributed in the futures contracts and will introduce more digital assets in their platform as soon as the first pair picks up.

The team is working on integrating the advantages of the significant stock exchange and of the crypto industry to deliver an innovative derivative product.

Recently, Binance Futures has touched a significant volume of 9 billion USD in 24 hours.  Past six months, it has topped to the first position based on 24-hour volumes making it the leading platform in perpetual markets and BTC perpetual market.

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