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Famous Crypto Currency Exchange Houbi announced to launch options trading on its platform
Today bitcoin exchange houbi announced to launch bitcoin options trading for bitcoin this quarter
According to houbis announcement bitcoin option trading will have a minimum of 0.001 btc as trade.
Houbi launched its futures trading in 2018 which had over $438 billion dollars worth of trades
According to Crypto Analysis firm Skew houbi exchanges futures market is largest in the crypto space and option market will bring more funds to the platform.
Bitcoin options are similar to bitcoin futures like futures option trades allow place bet on the future price of bitcoin
By buying/selling a option trader secure his spot and make his bet on the future of that crypto like bitcoin
If you sign a contract to buy bitcoin at $10k per coin in July and the option expires at August at $11k per coin then the trader will secure $1k in profit.
By entering the options market houbi is securing more funds for their platform and giving a tough competition to okex and bitmex
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