What is Binance Options RFQ?

Binance Options RFQ (Request for Quote) is a feature designed by Binance for options traders who handle large volumes or complex strategies. Instead of placing orders on a public order book, you specify the details of your trade (asset, direction, expiration date, strike price, quantity) and the system returns a customized quote. Once you accept the quote, the trade is executed and added to your options account.

Key features:

* Deep liquidity: Access to superior liquidity for large trades, which reduces price impact and slippage.

* Competitive pricing: You receive prices that are often more favorable than those you would find in the regular order book, thanks to direct interaction with market makers.

* Multi-Leg (Multi-leg Strategies): Allows you to combine multiple options trades into a single order. This is ideal for implementing complex strategies like spreads, straddles, or condors, optimizing the price of the entire strategy.

* Simplified execution: Eliminates the need to execute each "leg" of a strategy separately, saving time and reducing the risk of price changes between executions.

* Price control: You can lock in a specific price before executing the trade, which is crucial in volatile markets.

* Integration: Positions opened through RFQ are compatible with the Binance options order book, allowing you to manage and close your trades on both platforms.

Binance Options RFQ is designed for traders seeking efficiency, better prices, and the ability to execute advanced strategies without the limitations of order book liquidity.

Would you like to know more about how to trade options or what strategies can be used with RFQ?