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What is the difference between call options and put options in the context of cryptocurrency trading?

Irina YadrikovaMay 06, 2022 · 3 years ago1 answers

Can you explain the distinction between call options and put options in the context of cryptocurrency trading? How do they work and what are their main differences?

1 answers

  • May 06, 2022 · 3 years ago
    Call options and put options are commonly traded on various cryptocurrency exchanges, including Binance, BYDFi, and other reputable platforms. Traders can choose from a variety of strike prices and expiration dates to tailor their options contracts to their trading strategies. It's advisable to do thorough research and seek professional advice before entering the options market to ensure a better understanding of the risks and potential rewards involved.