Binance, the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, today launched BTC options on the Binance Futures trading platform. BTC options allow users to access highly leveraged trading while providing additional tools to better manage risk.
The launch of options furthers Binance Futures’ mission of offering multiple choices for the traders as they continue to refine trading strategies, strengthening its position as a preferred crypto derivatives platform for the traders. Starting today, users can purchase BTC call and put options with expiry between 10 minutes to 1 day at market prices, which provides the traders with high liquidity, substantially reduced spread and low premium. Options are available on the Binance apps at current and will come to the web soon.
“I’m impressed by the speed our community has adopted Binance Futures. It has evolved quickly in the last six months and grown into a leading crypto derivatives platform. I believe that success can be attributed to our continuous rollout of new features, listening to our users, lowest fees in the market, a stable and high speed platform, hard work from the team, a lot of luck, and most importantly, support from our users.” said CZ (Changpeng Zhao), Founder and CEO of Binance.
“Options contract is a much-anticipated product, allowing the traders and miners to effectively buy insurance on their positions and for speculators to take advantage of the market movements as well. There are more features and products in the pipeline. ”
“We are excited to present the options contracts. Like the futures contracts, we will devote all our resources to BTC options initially, and introduce more digital assets when the first pair picks up,” said Aaron Gong, VP of Binance Futures. “The strategy proved to be very effective in driving the growth of Binance Futures and helping us enhance the futures product. I’m confident that it will also boost the growth of our options product.”
The Binance Futures team has been integrating the advantages of the sophisticated stock exchange and that of the crypto industry to bring forward an innovative derivative product, keeping rolling out features like 125X max leverage for BTC futures and Cross Collateral, which contribute to its momentum. A few days ago, Binance Futures reached an all-time-high volume of 9 billion USD in 24 hours. In about six months, it has risen to No. 1 spot based on 24-hour volumes and has been taking the lead in perpetual markets and BTC perpetual markets. An options contract is another major update that will give an edge to Binance Futures and continue to grow the platform.
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I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.