BNB options to launch on Binance

Binance exchange has announced that it is going to allow its users to trade BNB options at 2020/08/04 7:00 AM (UTC).  The new listings will be available on the latest version of Binance’s mobile app.

Adding BNB options will allow this asset to increase liquidity. Earlier this year, in May, trading giant Binance added options to XRP and ETH.

Binance Options offers a lower entry barrier and provides flexibility to option traders. Traders are now allowed to take advantage of the price movement within different time frames and enjoy unlimited profit upsides with limited risks.

Binance Options is an American style option, therefore, traders can execute the contract any time before the expiry date. The product offers a shorter time frame compared to traditional options, ranging from 10 mins to 1 day, according to the company’s blog.

BNB has been trading at $21.65. It remains in the Top 10 on CoinMarketCap.

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