We’re excited to introduce Rolling Strike Options, now available in the Crypto.com App!
Auto Roll, a newly added feature to Strike Options, allows you to automatically roll on your profitable trades without having to open new positions manually. This way, you can easily maintain profitable positions while keeping your downside risk capped.
How It Works
To make your first Rolling Strike Options trade, head to the Derivs tab in the Crypto.com App and tap the Rolling Strike Options banner. Then, set the specifications for your trade, such as the underlying asset, whether you’re going long or short, and number of contracts, then place your order.
Alternatively, open a regular Strike Options trade and enable the ‘Auto-Roll’ toggle before submitting your order. It’s really that straightforward!
Rolling Strike Options are set with contract prices from US$4 to US$6 (including fees), with a maximum of 100 contracts.
If your contract expires profitably, a new position with identical specifications and terms will be automatically opened. This continues with every subsequent profitable trade and only stops when your prediction is incorrect or until you manually close your entire position.
About Strike Options
Strike Options is a new crypto derivative product that 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.
Strike Options is a CFTC-regulated product currently available for BTC, ETH, LTC, BCH, AVAX, LINK, DOT, and DOGE as underlying assets, with more to come in the future.
Useful Resources:
- Rolling Strike Options FAQ
- University Article on Strike Options
- Strike Options introduction video
- A step-by-step guide for Strike Options
- Strike Options FAQ
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.
