Hedera (HBAR) contracts are now available on UpDown Options in the Crypto.com App, in addition to Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Dogecoin (DOGE), Litecoin (LTC), Avalanche (AVAX), Polkadot (DOT), Chainlink (LINK), and more.
UpDown Options is the first CFTC-regulated crypto derivatives product that gives users the tools to capture value in all market conditions. It allows you to maximize profit and minimize losses, trade with lower costs, and hedge against token price dips.
Traders can choose to buy or sell an UpDown Option depending on which direction they believe the market will go. You can select BTC, BCH, ETH, LTC, DOGE, and more as underlying assets on four available contracts each, depending on their risk appetite. This is available seven days a week. UpDown Options is currently only available to users in the US but will be added to other jurisdictions soon.
About Hedera
Hedera is a distributed ledger technology (DLT) that utilises the fast, fair, and secure hashgraph consensus mechanism. The purpose of Hedera is to provide a fast, stable and trustworthy infrastructure to run dApps, enabling users to interact and transact online efficiently and securely without the need for third-party. Like all public DLT networks, Hedera needs a cryptocurrency to function. HBAR is the native, energy-efficient cryptocurrency of the Hedera network that can be used to power dApps, build peer-to-peer transactional models, and to protect the network from malicious actors.
Useful Resources:
- University article about UpDown Options
- UpDown Options introduction video
- UpDown Options launch announcement
- UpDown Options FAQs
Don’t have the Crypto.com App yet? Download it here.
Disclaimer:
Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for US users only, who must first become a Member of CDNA prior to trading UpDown Options on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation, or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to US regulatory oversight by the CFTC.
