Bitcoin

Gate.io Exchange has started a function that can be used to trade BTC / USDT options

Digital Asset Exchange Gate.io announced the official launch of an options trading function. With this new feature, you can trade BTC / USDT options at short notice, as well as simulating negotiation of buy and sell options that expire in one hour, four hours, and twenty-four hours. This was reported in a statement from the signing at Cointelegraph in Spanish.

“Options is the new addition to our existing product range and offers a variety of functions for crypto trading. We are a one-stop portal for spot, future margin, perpetual contracts, staking, C2C loans and now also options, ”said Marie Tatibouet, CMO of Gate.io.

“Our users can go to“ Short Term Options ”on the website under the“ Derived Products ”option to start trading options. The processing fee for the options is a flat 0.05%, one of the lowest on the market, and there are no other hidden additional costs, ”he added.

Gate.io Exchange has started a function that can be used to trade BTC / USDT options
Gate.io Exchange has started a function that can be used to trade BTC / USDT options

The company explained that Trading BTC / USDT options is currently only available on the website. Mobile users will soon be able to access this function in the next update of the app.

Indeed, The maximum purchase amount is USD 100. however, this would increase in the coming weeks.

About the options

The statement states: “An option contract gives the buyer (owner or holder of the option) the option of buying or not buying an underlying. With options, the buyer can buy the underlying at the market price for profit and at the same time choose not to buy the asset to reduce losses. However, the seller who sold the option and received the buyer’s premium option has an obligation to sell the underlying asset as set out in the option contract. In contrast to conventional financial instruments such as spots and futures, options are contracts that guarantee rights but do not create obligations. ”

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