UpDown Options now lets you select a wider range for BTC contracts, allowing you to trade with greater flexibility!
The expanded contract range goes up to $2,000, which enables you to set a higher Target Price or a lower Stop Price, potentially netting you larger profits with each trade.
Key Benefits of a Wider Contract Range
- Increased Profit Potential: Wider ranges can potentially yield higher profits if your price prediction is correct. With more distance to the target price, there’s a higher return available.
- Extended Contract Lifespan: With a wider difference between your Stop Price and Target Price, there’s a lower likelihood of your contract being knocked out early because of price fluctuations. This can increase the potential lifespan of the contract, particularly in volatile markets.
Learn more about contract ranges and how they affect your trades at Crypto.com University.
About UpDown Options
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.
Useful Resources:
- University article about UpDown Options
- UpDown Options FAQ
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 U.S. 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 U.S. regulatory oversight by the CFTC.