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

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

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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.

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