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Is it possible to sell covered calls on Bitcoin and other cryptocurrencies?

avatarMax BodkerFeb 18, 2022 · 3 years ago1 answers

Can I sell covered calls on Bitcoin and other cryptocurrencies? How does it work?

Is it possible to sell covered calls on Bitcoin and other cryptocurrencies?
Cryptocurrency
Covered Calls
Trading

1 answers

  • avatarFeb 18, 2022 · 3 years ago
    Yes, you can sell covered calls on Bitcoin and other cryptocurrencies. At BYDFi, we offer options trading for Bitcoin and a variety of other cryptocurrencies. Selling covered calls can be a way to generate income from your cryptocurrency holdings while still maintaining ownership. It's important to understand the risks and potential outcomes before engaging in options trading. If you're interested in selling covered calls on Bitcoin or other cryptocurrencies, you can explore the options trading features on the BYDFi platform.

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