The largest crypto exchange Binance will add the ability to trade BNB options from August 4, 2020.
Listing newthe option contract of the native token of the Binance Coin (BNB) exchange will increase its liquidity and provide users with additional ways to earn money.
The option will initially be available in the latest versions of the iOS and Android mobile app.
Options – These are asset derivatives that allow the asset on which the option is based to be purchased or liquidated at a predetermined rate.
Cryptocurrency options have become quite popular lately as many traders use this tool to generate additional profit.
In April of this year, Binance officially launched bitcoin options trading on its futures platform, and added option trading on Ethereum and XRP in May.
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