Crypto.com introduces 'Strike Options' cryptocurrency feature for its U.S. users

Crypto.com introduces 'Strike Options' cryptocurrency feature for its U.S. users

user avatar

by Max Nevskyi

3 years ago

Crypto.com, a prominent cryptocurrency exchange, is in the process of launching an innovative crypto derivatives offering to its American clientele via its mobile application.

This new offering, known as Strike Options, promises the potential for rapid profits, with a timeframe as short as 20 minutes, as disclosed to Finbold on November 13.

Strike Options enables users to make predictions regarding the future price movements of the underlying asset. Users can choose a "Yes" option if they anticipate an increase or a "No" option if they foresee a decrease.

Contract durations

These options provide a fast-paced trading experience, with contract durations as short as 20 minutes, offering potential profits in both bullish and bearish market conditions, and requiring an initial investment of just $10.

It's essential to highlight that Strike Options is a regulated product under the Commodities Futures Trading Commission (CFTC) and currently supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) as of the publication date.

Crypto.com also has plans to incorporate additional cryptocurrencies into this new product in the future.

It's noteworthy that the rollout will occur gradually, with U.S.-based Crypto.com users receiving notifications via email or push notifications when the product becomes available in their respective regions.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.