- Binance announced the launch of the new Binance Options trading platform, scheduled on September 13.
- The new Binance Options will be on both the Binance Website and the Binance App.
- Binance announced that ETH options would be listed on the trading platform, priced and settled in USDT.
Today, Binance announced the launch of the new Binance Options trading platform, scheduled on September 13. The new Binance Options will be on both the Binance Website and the Binance App.
Additionally, Binance announced that it would list ETH options upon launch, priced and settled in USDT.
With the New Binance Options Trading Platform, Binance claimed users could gain access to one of the lowest Options fees in the market (i.e., 0.02% transaction fees and 0.015% exercise fees). Binance also mentioned that users only have to pay the required Options Premium to get the same exposure as holding an equivalent Futures or Spot position.
According to the announcement, Binance Options are a great alternative for users to amplify their trading results due to the lower capital requirements upfront.
Furthermore, Binance Options are priced and settled in USDT. This makes Profit & Loss (PNL) calculations straightforward for investors even during periods of high volatility.
Before the upcoming Merge, Binance clarified that it would not impose adjustments on the strike prices of Ethereum in the event of a Fork. Binance also stated that Ethereum options listed before and after the Merge would follow standard settlement procedure.
The exchange also stated:
Binance reserves the right in its sole discretion to amend or change the Ethereum Merge Fork Policy, listing cycle, and strike interval provisions as it deems appropriate.
Reportedly, Binance Options allows investors unparalleled access to crypto options trading. According to the blog, Binance Options are priced and settled in the stablecoin, which makes cost and profit calculations straightforward for investors.
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