We’re excited to announce the launch of our latest feature: Strike Options, now available through the Crypto.com App!
Strike Options is a new crypto derivatives product which allows you to potentially profit in just 20 minutes by predicting whether the price of an underlying asset will be higher than the strike price at the time of expiry. What’s more, trades are expressed as a straightforward yes/no decision.
For example, if you believe BTC’s price will increase beyond the strike price at the time of expiry, you can purchase a “Yes” option, with clearly defined risk and potential profit.
Conversely, select “No” to open a short position if you believe BTC’s price will be below the strike price at the time of expiry. You can also exit your position early to secure your profit or limit risk.
Other benefits of Strike Options include:
- Trading Fast-Paced Markets: With contract durations as short as 20 minutes, profits have the potential to be realized in a short time
- Trading With Lower Costs: Start trading with just US$10, while receiving exposure to price movement in the underlying asset (e.g., BTC and ETH)
- Opportunities In Every Market Condition: Strike Options allows you to potentially profit from both rising and falling markets
Strike Options is a CFTC-regulated product and is currently available for BTC, ETH, LTC, and BCH as underlying assets, with more to come in future.
<<Start trading Strike Options>>
Useful Resources:
- University Article on Strike Options
- Strike Options introduction video
- Buy your first Strike Options step-by-step guide
- Strike Options FAQs
This feature is being progressively rolled out across the US. Users will be notified via email or a push notification once you can access it.
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 CDNA derivatives 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.
