Binance Options Wears A New Look

Binance has upgraded its options trading platform for traders on the Binance mobile app and Binance web. With the upgrade, Binance also assures users of high liquidity and one of the lowest fees in the options industry.

The exchange announced the revamped user interface via a blog post on September 9. It said the new look and feel offers traders a broad view of the market from a simple integrated interface. By simplifying the outlook of its options platform, Binance aims to lower the entry barrier of options trading.

CEO Changpeng Zhao remarked that Binance's efforts to provide ever-increasing value for users has been instrumental to the overall success of the organization:

“I believe our success can be attributed to our continuous rollout of new features, listening to our users, lowest fees in the market, a stable and high-speed platform, hard work from the team, a lot of luck, and most importantly, support from our users.

An options contract is a much-anticipated product, allowing the traders and miners to effectively buy insurance on their positions and for speculators to take advantage of the market movements. There are more features and products in the pipeline,” the Binance Czar stated.

Many traders believe that Options trading is riskier than day-to-day spot or futures trading. This leads to traders avoiding options thinking it is something reserved for professional traders only. However, if done right, options trading reduces the risks inherent in volatile crypto.

The world's largest crypto ecosystem introduced options trading in the first quarter of 2020, continually improving the platform for a better user experience. The exchange strives to provide users with various choices to help them maximize the benefits of crypto.

To learn how to trade options on Binance, see this GUIDE. Also, HERE is a frequently asked question (FAQ) for more about options trading.

What is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

Where to find Binance:

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