Crypto.com has recently introduced a new derivatives trading feature called Strike Options in its app, offering a significant enhancement to its trading options. This feature, available through the Crypto.com App, is designed for users who wish to forecast and possibly gain from fluctuations in cryptocurrency prices.
Strike Options function on a binary model, enabling users to predict if the price of a base cryptocurrency like Bitcoin (BTC) will exceed a set strike price at expiration. The process is streamlined into a simple "Yes/No" decision, providing an easier way to engage in derivatives trading. Choosing "Yes" implies the belief that the asset's price will rise above the strike price, whereas "No" indicates an expectation of a price drop. Users also have the option to close their positions early, which can be essential for
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First found on: Crypto.com Launches New Strike Options Feature
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