How do call option types work in the context of cryptocurrency trading?

1 answers

• Daley JainJan 31, 2021 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, offers call option types for traders interested in cryptocurrency trading. With BYDFi's call options, traders can take advantage of the potential price appreciation of cryptocurrencies without the need to own the underlying assets. Traders can purchase call options at a specified strike price and expiration date, giving them the right to buy the cryptocurrency at the strike price within the specified time period. This allows traders to potentially profit from the price increase of the cryptocurrency while limiting their downside risk to the premium paid for the option. BYDFi's call option types provide traders with a flexible and efficient way to participate in cryptocurrency markets and manage their risk exposure.
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