Binance Extends Ether Options to All Users
Key Points - Passive Income Opportunity: Binance now allows all users to generate passive income through ether options, previously limited to professional traders.
Advanced Derivative Tools: The movement of the exchange epitomizes growing demand for sophisticated trading instruments from both retail and institutional investors.
- Upgrade of the options platform with faster execution, greater flexibility and richer market data to support a wide range of sophisticated option trading strategies. How It Works - Options Writing: You can write-sell Eth options. Be in charge of managing your risks and generating extra income by offering insurance against the price movement for an upfront premium. Options Writing: Access to options writing is subject to a mandatory suitability assessment to ensure responsible trading.
Incentives and Upgrades- Discounts: Binance provides a 20% fee discount on Taker and Maker fees for VIP accounts on all newly added Contracts.
- Enhancements to Infrastructure
The use of the new platform promotes better API throughput, low latency, and an extended strike price, hence facilitating faster execution of orders as well as complex strategies.
Binance is targeting dominance of the options market in cryptocurrency through the enhancement of ether options for all users. This shall enable traders to access advanced options that can aid in earning profits.
