Binance Vanilla BTC Options
Binance has launched vanilla BTC options settled in Tether (USDT). It is an advanced investment tool for institutional investors
In the test mode, option contracts worked out in November and showed good results. Having collected feedback from users, Binance has carefully analyzed them. Vanilla Bitcoin Options are ideal for margin optimization and better risk control.
Options are a class of contracts often used in traditional finance to protect against large price swings. They have found application in the cryptosphere as well.
Options of this type can be exercised on predetermined contract date. The term "Vanilla" indicates that the terms of the contract are simpler than those of more "exotic" products.
Changpeng Zhao, CEO of Binance, noted the popularity of such innovative products. In view of the increase in the BTC price at the end of 2020, any type of investment in the first cryptocurrency is profitable and relevant.