Binance He opened widespread access to the writing of Bitcoin options (BTC) on its platform, allowing any registered and enabled user to sell contracts of this type.
The New functionalitywhich until now was reserved for selected operators, is integrated into Binance Options and seeks to expand risk management alternatives and commercial strategies in the cryptocurrency derivative market.
The options in Binance They are called and liquidated exclusively in the USDT stable. This model eliminates margin volatility in cryptoactive and simplifies gains and losses calculations.
To access writing functionality, users must update their accounts to the “long and short sale” mode from the Binance Mobile Website Options section.
The movement occurs in the midst of an activity rebound within the Exchange. On August 1, Binance reported more than 7.6 billion dollars in daily volume of BTC spot trade, promoted by institutional operations, Cryptonotics reported.
According to Cryptoquant data, this activity has been led by whales and institutional investors that increased its exhibition after a recent fallcoin price drop.
With this new integration, users They can implement strategies such as purchase options covered or sales guaranteed in cash directly from your accounts in Binance. These tools can be used to cover positions, express market perspectives or generate performance on holding assets.
Binance explained that trading commissions in options have 20% discounts on Taker and Maker rates, applicable at all VIP levels for freshly listed contracts. The platform also emphasizes that it works with market creators to offer adjusted spreads and competitive liquidity conditions.
The options on other assets such as Ether (ETH), Binance Coin (BNB), Ripple (XRP), Solana (Sol) and Dogecoin (Doge) will remain restricted to certain operators. Nevertheless, Binance said he plans to continue expanding access to more derived products.
Jeff Li, vice president of product of Binance He declared that this measure is part of a broader roadmap to strengthen the Bitcoin products ecosystem within the platform.
“Accelerate the adoption of cryptocurrencies will increase the demand for more sophisticated liquidity tools and we are committed to building a more complete set of derived products to support our users,” commented.
