PowerTrade, a platform specializing in altcoin options, has announced an expansion of its offerings by adding ultra-short options for several popular cryptocurrencies.
Expansion of Options Offerings
PowerTrade has added ultra-short options for four major altcoins: BNB, DOGE, SOL, and XRP. Traders can now utilize options expiring in 10 minutes and 1 hour, with zero fees and no liquidation risk, offering more than 10,000× leverage.
Benefits of the New Options
These options provide several key benefits:
- Over 10,000× effective leverage - No liquidation risk — maximum loss equals the premium paid - Lightning-fast expiries — 10 minutes and 1 hour for all altcoins - One-click execution through the PowerTrade Lite interface, simplifying the trading process for users.
Launch Details
The new option contracts have been available since the launch. Trading conditions vary, including 10-minute and 1-hour options for popular altcoins, with the ability to use both the centralized PowerTrade platform and the decentralized PowerDEX.
The expansion of PowerTrade's offerings strengthens its market position by providing traders with more flexible and advantageous trading conditions, potentially increasing interest in altcoins.
