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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Ethereum Developer Community Gathers for Devcon in Mumbai

The Ethereum developer community is gathering in Mumbai for Devcon, focusing on privacy, security, and open-source applications.

user avatarMaria Fernandez

Horizen Users Face Deadline for Layer-Three Network Migration

Horizen has announced a migration deadline for its layer-three network, urging users to follow specific instructions for asset transfers.

user avatarGustavo Mendoza

Nvidia and Other Major Companies Object to Trading on OKXICE's Tokenized Stock Venue

Nvidia and 11 other companies have formally objected to their shares being offered on OKXICE's planned tokenized stock trading venue, bringing the total objections to 50.

user avatarRajesh Kumar

CFTC Moves Forward Amidst Stalled CLARITY Act

The CFTC's regulatory initiative reflects growing pressure on US regulators to address gaps in digital asset oversight as the CLARITY Act stalled in Congress.

user avatarMiguel Rodriguez

CFTC Proposes New Crypto Asset Market Registration

The CFTC proposes a new registration category for crypto asset markets to streamline regulatory oversight.

user avatarLuis Flores

Tom Lee Discusses Resilience of Crypto Market Post-Binance Hack

Tom Lee discusses the resilience of the crypto market following the recent Binance hack, highlighting its muted reaction and positive signs for the future.

user avatarArif Mukhtar

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.