Binary options
Binary options are also referred to as digital options and allow you to make simple speculative trades either up or down.
Last updated
Binary options are also referred to as digital options and allow you to make simple speculative trades either up or down.
Last updated
Binary options pay a fixed amount if the price goes in the direction you selected at the start of trade and finishes there at the of the expiry time you select.
If you expect the price to go up, choose a CALL, if you expect it to go down, choose a PUT.
You can choose a maturity by changing the expiry.
The returns component indicates the payoff offered. If you place a trade amount of 10 USDC and the payoff is 70%, your return would be 17 USDC which is a profit of 7 USDC.
Once you create a trade, you will now have an open position. The tab 'positions' will open and the live trade will be plotted on screen for you to track the status.
