I am going to be discussing the possibility that Binance will soon be launching cryptocurrency options.
Yesterday on the 29th of July I got an update to my Binance app, it’s a pretty solid app, one of the best in the space, but as I looked at the new features I noticed this.
Now this is likely due to the success Deribit have been having with options, deribit is a derivatives site, offering perpetual futures, dated futures and fairly uniquely options. That is unless Binance joins them in the space.
They may want to do this as Deribit recently said they are setting record volumes. I am sure Binance would love to get some of that volume.
I have a few videos about Binance and about trading options on Deribit, you can find them in this playlist
https://www.youtube.com/playlist?list=PLGhVyQXb04LjxNYdM3OHisQ_JCyU4xBTR
If you're not signed up to either Binance or Deribit I have affiliate links for them and others below. For Binance I am delighted to say my link now offers the maximum of 20% off.
While I do make money from you using this I can sincerely say that you should use an affiliate link, even if it is not mind use someones, as it will greatly reduce your fees.
Taken from my video, if you liked this please sub for more
