Binance offers two types of options: call and put.
When you buy a call option, you have the right to buy an asset at a certain price. If the asset’s price goes up, you can exercise your option and buy the asset at the strike price.
If the asset’s price goes down, you don’t have to exercise your option.
NOTE: WARNING: Before investing in Binance Options, you should understand the risks associated with this product. Options are complex financial instruments and it is important that you understand how they work before trading them. Investing in options can involve significant risk of loss and is not suitable for all investors. You should seek advice from a qualified professional before making any investment decisions.
When you buy a put option, you have the right to sell an asset at a certain price. If the asset’s price goes down, you can exercise your option and sell the asset at the strike price.
If the asset’s price goes up, you don’t have to exercise your option.
Binance offers options on a variety of assets, including cryptocurrencies, stocks, and commodities.
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Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. Binance Coin (BNB) is the native currency of the Binance platform. Binance offers two types of accounts: Basic and Advanced.
