Live Updates: COVID-19 Cases
  • World 18,805,235
    World
    Confirmed: 18,805,235
    Active: 6,121,451
    Recovered: 11,977,340
    Death: 706,444
  • USA 4,924,619
    USA
    Confirmed: 4,924,619
    Active: 2,280,280
    Recovered: 2,483,849
    Death: 160,490
  • Brazil 2,808,076
    Brazil
    Confirmed: 2,808,076
    Active: 741,213
    Recovered: 1,970,767
    Death: 96,096
  • India 1,958,592
    India
    Confirmed: 1,958,592
    Active: 619,342
    Recovered: 1,298,528
    Death: 40,722
  • Russia 866,627
    Russia
    Confirmed: 866,627
    Active: 183,111
    Recovered: 669,026
    Death: 14,490
  • South Africa 521,318
    South Africa
    Confirmed: 521,318
    Active: 148,683
    Recovered: 363,751
    Death: 8,884
  • Mexico 449,961
    Mexico
    Confirmed: 449,961
    Active: 100,838
    Recovered: 300,254
    Death: 48,869
  • Peru 439,890
    Peru
    Confirmed: 439,890
    Active: 117,426
    Recovered: 302,457
    Death: 20,007
  • Chile 362,962
    Chile
    Confirmed: 362,962
    Active: 16,887
    Recovered: 336,330
    Death: 9,745
  • Spain 349,894
    Spain
    Confirmed: 349,894
    Active: 321,396
    Recovered: ?
    Death: 28,498
  • Iran 317,483
    Iran
    Confirmed: 317,483
    Active: 24,749
    Recovered: 274,932
    Death: 17,802
  • UK 307,184
    UK
    Confirmed: 307,184
    Active: 260,820
    Recovered: ?
    Death: 46,364
  • Saudi Arabia 282,824
    Saudi Arabia
    Confirmed: 282,824
    Active: 34,490
    Recovered: 245,314
    Death: 3,020
  • Pakistan 281,136
    Pakistan
    Confirmed: 281,136
    Active: 20,836
    Recovered: 254,286
    Death: 6,014
  • Italy 248,803
    Italy
    Confirmed: 248,803
    Active: 12,646
    Recovered: 200,976
    Death: 35,181
  • Bangladesh 246,674
    Bangladesh
    Confirmed: 246,674
    Active: 101,657
    Recovered: 141,750
    Death: 3,267
  • Turkey 234,934
    Turkey
    Confirmed: 234,934
    Active: 10,678
    Recovered: 218,491
    Death: 5,765
  • Germany 213,426
    Germany
    Confirmed: 213,426
    Active: 9,486
    Recovered: 194,700
    Death: 9,240
  • France 192,334
    France
    Confirmed: 192,334
    Active: 79,872
    Recovered: 82,166
    Death: 30,296
  • Canada 117,878
    Canada
    Confirmed: 117,878
    Active: 6,324
    Recovered: 102,596
    Death: 8,958
  • China 84,491
    China
    Confirmed: 84,491
    Active: 810
    Recovered: 79,047
    Death: 4,634
  • Netherlands 56,381
    Netherlands
    Confirmed: 56,381
    Active: 50,228
    Recovered: ?
    Death: 6,153
  • Australia 19,444
    Australia
    Confirmed: 19,444
    Active: 8,398
    Recovered: 10,799
    Death: 247
  • S. Korea 14,456
    S. Korea
    Confirmed: 14,456
    Active: 748
    Recovered: 13,406
    Death: 302
  • New Zealand 1,569
    New Zealand
    Confirmed: 1,569
    Active: 24
    Recovered: 1,523
    Death: 22

Binance gives a nod to Bitcoin options trading through the mobile app

Author at TechGenyz Bitcoin
Binance Trading Mobile App

The cryptocurrency exchange is rapidly gaining popularity, and the number of people who know how to mine is increasing exponentially throughout the year. The mining is done through cryptocurrency exchange companies, and Binance is one such company. According to a news source, Binance, which is one of the top cryptocurrency exchange company, has officially launched Bitcoin (BTC) options on its future trading platform.

Some rumors were flying earlier this month regarding this amazing news, and on April 13, the company officially announced that the company will now offer Bitcoin options.

As part of its trading agreement, Binance will be offering U.S. style Bitcoin options contracts. What options contracts mean is that the traders interested in trading through or in this particular platform will be two options to choose from: either a right to buy which is called a call option or sell which is called a put option, on a given asset for the particular strike price.

The derivatives of the same differ from each other, in the sense that there are different kinds of derivatives, and Binance is offering the American option of the derivative which is different from the European option of the derivative. Using this option the traders can settle the contract as established beforehand at any time before or on the expiry date itself.

For this particular kind of contract as taken up by Binance, the traders will have to first transfer their USDT holding from their spot wallet to their future ones and set an expiry date for the wallet. The expiration timeframe could be from 10 minutes to a whole 24 hours.

The exchange will be based on one condition that a fixed value premium must be paid by the concerned trader before any transaction occurs. However, it comes with the caution of its own: “There is no guarantee that your options purchase will execute at a profit after the premium has been deducted. Most options purchases will not be profitable, but a minority will be very profitable. Please use it at your own discretion.”

Career

Subscribe