We’re excited to announce the launch of UpDown Options for US users, available through the Crypto.com App. The first CFTC-regulated crypto derivatives product gives users the tools to capture value in all market conditions. The UpDown Options feature is offered by Crypto.com | Derivatives North America, a CFTC-regulated exchange.
UpDown Options allow users the ability to potentially profit by forecasting how a coin’s price will move. If the user believes the coin’s price will increase, they can buy an UpDown Option to open a long position. Conversely, they can also sell to open a short position if they believe the price will decrease.
The benefits of UpDown Options include allowing users to:
- Gain Control Over Risk: Know the maximum profit and loss up front before trading.
- Trade With Lower Costs: Options cost a fraction of the underlying coin’s price while providing 1:1 exposure.
- Hedge Against Price Dips: Protect holdings from potential losses by opening a short position.
- University article about UpDown Options
- UpDown Options introduction video
- UpDown Options FAQs
This feature is in beta release and currently being rolled out progressively across the US. Users will be notified via email or an app alert when it’s made available to them.
Don’t have the Crypto.com App yet? Download it here.
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.