Binance Launches Bitcoin Options Trading on Mobile App
As Binance reports, at present Options trading is only available on the latest version of the exchange’s mobile app.
Options contracts provide traders two options: a right to buy (a call option) and a right to sell (a put option) on a certain asset at a specified price. As the exchange notes, on the market all trades are performed at market price and it is not guaranteed that “the price you see on screen will be the exact price that you execute at.” At the same time, the exchange mentions that the difference will not be significant most of the times.
The crypto exchange also warns about the absence of any guarantee: “There is no guarantee that your options purchase will execute at a profit after the premium has been deducted. Most options purchases will not be profitable, but a minority will be very profitable,” adding; “Please use at your own discretion.”
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