Binance Offers 'Bitcoin Options Investment' Service to All Users

YM Lee

Summary

Binance announced it will provide a Bitcoin options investment service to all users.
Binance stated it expanded options trading in response to increased demand from individual investors for more sophisticated trading tools.
Jeffrey, Binance Vice President of Products, said they are dedicated to expanding support for derivatives.

The global virtual asset (cryptocurrency) exchange Binance is providing bitcoin options investment services to all users.

According to a report from CoinDesk on the 4th (local time), Binance stated, "As demand from individual investors for more strategic and sophisticated trading tools increases, we have decided to offer options trading to all users."

Options products are derivatives that grant buyers the right to buy or sell an underlying asset at a predetermined price on or before a certain date. Call options provide the right to buy and signify a bullish bet on market conditions, while put options offer downside protection.

Jeffrey, vice president of products at Binance, commented, "As the adoption of digital assets accelerates, demand for more sophisticated liquidity tools is growing. We are dedicated to building a comprehensive set of derivatives to better support our users."

BTC