Exchange Crypto.com has unveiled its new crypto derivatives-based product, Strike Options, available to U.S. users via a mobile app.
Strike Options allows users to capitalize on price movements in as little as 20 minutes by predicting whether the price of the underlying asset will be higher than the strike price at expiration. Trades are executed as a simple yes-or-no decision.
According to Crypto.com, Strike Options is regulated by the U.S. Commodity Futures Trading Commission (CFTC) and is currently available for BTC, ETH, LTC, and BCH. However, the exchange intends to expand the range of assets offered in the future.
The main benefits of Strike Options include:
- Trading in fast-moving markets: contract duration is only 20 minutes.
- Trading with lower costs: low initial cost, which is just $10.
- Opportunities in any market condition: Strike Options allow you to potentially profit in both rising and falling markets.
Crypto.com notes that Strike Options will be rolled out gradually in the U.S., and all users will be notified as soon as the product is available.
The launch of Strike Options marks a significant advancement in the cryptocurrency derivatives industry, as it provides traders with a dynamic and efficient trading experience.
Also read: Coinbase launches perpetual futures trading for Solana and Avalal.
