🚨 Binance enables the sale of Bitcoin options for all its verified users.
From now on, any registered user on Binance can access the writing (selling) of BTC options, a feature previously reserved only for advanced traders. This new tool allows the implementation of strategies such as covered calls or guaranteed puts, useful for managing risks, hedging positions, or generating passive income.
📌 The options are denominated and settled exclusively in USDT, which eliminates margin volatility and facilitates the calculation of gains/losses.
To activate this functionality, the "Long and Short Sale" mode must be configured from the Binance app or website.
🔥✨The launch comes after a significant increase in BTC trading activity on Binance, with more than $7.6 billion in reported spot volume on August 1, driven by large investors and institutions.
🗣️ Jeff Li, VP of Product at Binance:
"We will continue to expand the Bitcoin and other asset derivatives ecosystem."
Future access to options on ETH, BNB, XRP, SOL, and DOGE is expected. 🚀
