The Cryptocurrency Exchange Bennes has opened the bitcoin options written to all, allowing retail traders to sell risk for the first time.
Binance Bitcoin option opies opens access
A website annually, Binance has expanded the offer of bitcoin options for its users. Options refer to a type of derivative contract that empowers investors to purchase or sell the respective property at the prescribed price before or before the pre -scheduled date.
Option contracts can be of two types. A “call” gives the holder the right to buy and type property and type in the pill. Meanwhile, a “put” gives the right to sell, which often indicates a recession Senene.
On binance, retail users can only buy only bitcoin option contracts, but after the latest launch, they can now “write” contracts. That is, they can now make and sell them to other traders.
Whenever a merchant writes a contract, the buyer has to pay a formium on the exchange. It reports an advance income for the press writer and buyer, which has the right to use the option under the agreed terms.
If the market moves in favor of the contract holder, the author may be forced to take an adverse trade and invest. On the other hand, if the buyer loses stakes, the option is unused and the author keeps the premium as a profit.
In terms of trading volume, Binance is the world’s largest cryptocurrency exchange, so all users were available for all users to be available for all use for a remarkable change. “This expansion allows users to take advantage of more flexible and strategic business opportunities, implement market ideas, manage risk and increase the yield through the option to sell strategies,” the forum said.
Writing, traders must upgrade their accounts for a long time and low cell trading mode. For now, only BTC is available to all users, while Eth, BNB, XRP, SOL and DOGE are banned for selected traders.
In some other news, the weekend had a significant speed of passive bitcoins, as the Cryptoctive Authority Martun wrote in an X post.
Looks like the 7 years to 10 years age band has seen a spike | Source: @JA_Maartun on X
With this transaction, the network saw the speed of 1,000 BTC and saw BTEN and ten years ago, the price of $ 114 million today. In another post, the eolist has discovered using a chart that the relevance associated with such dom is transferred, which is for the market.
The trend in the CDD over the asset's history | Source: @JA_Maartun on X
From the graph, it appears that the spikes in the transfer of old bitcoins historically reflected elevated distribution on the network.
BTC Price
Bitcoin has exited the range in its recent side, with an aided move that has brought its price to $ 114,300.
The price of the coin seems to have plunged over the last few days | Source: BTCUSDT on TradingView
Specially displayed image from Dall-E, Cryptoquant.com, TardingView.com
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