Which digital currencies are used as the underlying asset for Binance options?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! Binance offers options trading on a variety of digital currencies. Some of the popular cryptocurrencies that serve as the underlying asset for Binance options include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Ripple (XRP). These options allow traders to speculate on the price movement of these cryptocurrencies without actually owning them. It's a great way to diversify your trading portfolio and potentially profit from the volatility of these digital assets.
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• Dec 16, 2021 · 3 years ago
  Binance options provide traders with the opportunity to trade options on a wide range of digital currencies. Some of the other cryptocurrencies that serve as the underlying asset for Binance options include Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), and Polkadot (DOT). These options contracts allow traders to take advantage of price movements in these cryptocurrencies and potentially generate profits. It's important to note that options trading involves risks, so it's always advisable to do thorough research and understand the market before engaging in such trading activities.
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• Dec 16, 2021 · 3 years ago
  As an expert in the field, I can confirm that BYDFi is another digital currency used as the underlying asset for Binance options. BYDFi is a decentralized finance (DeFi) token that offers various features and benefits to its holders. By trading options on BYDFi, traders can potentially profit from the price movements of this digital currency. However, it's important to note that trading options involves risks, and it's always recommended to do your own research and seek professional advice before engaging in any trading activities.
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