History of Binary Options

For the first time, options, as financial instruments, began to be applied on the Chicago Board of Options Exchange in the US. It happened in 2008. Since the very implementation of this instrument, the Chicago Board of Options Exchange (CBOE) has been the unchallenged leader among the existing option trading platforms.

During the options development, binary options appeared. This type of options was more simple and easy to trade. The main difference between binary options and other assets is that they do not need to be purchased. To trade with binary options, a trader just needs to correctly predict the trend of asset value, i.e. to make bids. Such trading process made this kind of options very attractive and soon they became one of most popular trading instruments.

In the Russian market, binary options appeared in 2011. Today, the binary options market continues to actively develop and win recognition among traders.