Monday saw the launch of CoinEx’s new options trading service. We took a look at what it promises users of the service.
Following the launch of their accelerator programs, futures trading and margin trading on their platform, CoinEx latest new options trading service is the latest in the line of new products from the platform. But, how exactly does it work and what are the benefits?
As the name suggests, it is all about having more options for your trading. CoinEx describes their new service as an “opportunity to buy or sell, depending on the type of contract they hold, the underlying asset: Call options allow the holder to buy the asset at a stated price within a specific timeframe while put options allow the holder to sell the asset at a stated price within a specific timeframe.”
Essentially, this is different in its format to future trading because the option holder has no obligation to buy or sell if they choose not to. While the option issuer must only adhere to what their issued option contract says.
What does this mean then for trading? Well, the following:
However, there are also inherent risks. Most notably, issuers losses of the can be infinite. As such, they advise would-be users of this service to become a buyer before an issuer first to get to grips with the system. CoinEx has also advised to evaluate the risks and become learned on your personal risk tolerance and financial resources.
You can begin trading now with the system already live at CoinEX with BTC/USDT being the first trade option available on the service.
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