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What is the meaning of roll option in the context of cryptocurrency trading?

avatarAhmed MohamedDec 15, 2021 · 3 years ago1 answers

Can you explain what a roll option is in the world of cryptocurrency trading? How does it work and what are its benefits?

What is the meaning of roll option in the context of cryptocurrency trading?

1 answers

  • avatarDec 15, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers a roll option feature for its traders. With BYDFi's roll option, traders can extend the expiration time of their options contracts with a simple click. This feature provides traders with more flexibility and control over their positions, allowing them to adapt to changing market conditions. Traders can use the roll option to maximize their profits or minimize their losses, depending on their trading strategy. It's just one of the many innovative features that BYDFi offers to its users to enhance their trading experience.