Futures and Options on Cryptocurrencies – Crypto 4u
The Binance Exchange platform returns to amaze. After the creation of the Binance Jersey platform to allow the purchase of cryptocurrencies with fiat currency euro (EUR) and sterling (GBP), now directly from the Binance website you can access the “Jex Futures” where it is possible to operate leveraged with Futures and Options mainly on Bitcoin (BTC), Ethereum (ETH), EOS, Litecoin (LTC), Binance Coin (BNB), Tether (USDT).
To access it is sufficient:
1. Register in Binance.com
2. In the menu at the top, place the cursor on “Futures” and from the drop-down menu select “Jex Futures”
As you can see from the top interface, you can select Futures or Options.
In the Futures section, it is possible to operate with leveraged Futures x100.
In the Options section, it is possible to operate on Plain Vanilla Call or Put Options on various maturities and different strike prices.
In addition to the options trade, it is also possible to create and sell own options via short-selling from the “short” section. In order to do this, it is clearly necessary to put a certain amount of USDT and JEX tokens on the sidelines.
The JEX token also allows you to take advantage of 50% discount on the platform fees.
The JEX token can be purchased within the platform in the “Spot” section.
The Binance service is becoming more and more complete by also adding derivatives to its system.
Currently, the platform for Futures and options is also recruiting market makers who will benefit from the following conditions:
- -0.02% maker (you will be paid for the maker positions that will be matched on the market)
- 0.025% taker commission in case you carry out transactions at market price
Published at Wed, 30 Oct 2019 21:49:58 +0000
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