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

Cronos Reverses Transactions to Mitigate Exploit Damage

chest

Cronos blockchain network rolled back nearly two hours of transaction history to recover funds after a significant exploit of the Tectonic lending protocol.

user avatarBayarjavkhlan Ganbaatar

MEXC Introduces Opportunity Compass for Enhanced Market Understanding

chest

MEXC has launched Opportunity Compass, an educational initiative aimed at helping users understand both crypto and traditional financial markets.

user avatarMohamed Farouk

MEXC Introduces Opportunity Compass for Crypto Education

chest

MEXC has launched Opportunity Compass, an initiative aimed at educating cryptonative users about global markets and financial opportunities.

user avatarElias Mukuru

Zoomex Highlights Market Volatility Amid Economic Shifts

chest

Zoomex highlights its platform's capabilities during a week of sharp market volatility driven by economic data, enabling traders to respond in real-time.

user avatarDiego Alvarez

Tesla Faces Regulatory Scrutiny, Stock Drops

chest

Tesla's shares fell 6% following a new investigation into its autonomous vehicle technology by the National Highway Traffic Safety Administration, highlighting the impact of regulatory scrutiny on the stock market.

user avatarMaria Fernandez

Unexpected Developments in the US Labor Market with Employment Expansion.

chest

The US economy added 162,000 jobs in August, significantly exceeding forecasts, leading to a rapid repricing of Federal Reserve expectations regarding interest rates.

user avatarKenji Takahashi

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.