PowerDEX, a decentralized trading platform, has introduced DEGEN Options — new ultra-short-term options for cryptocurrency. These options are designed for traders seeking high profit with limited risk.
What Are DEGEN Options?
DEGEN Options are financial contracts that allow traders to bet on price movements of cryptocurrencies over a very short duration—just 10 minutes to 1 hour. According to PowerTrade CEO Mario Gomez Lozada, these contracts provide traders with maximum flexibility and the ability to respond to immediate market changes.
Key Advantages of DEGEN Options
Key advantages of DEGEN Options include: - High profit potential with limited risk, as maximum losses are confined to the premium paid. - Ultra-short expiries that ensure constant trading opportunities. - Availability of a wide range of options on key cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin. - No liquidation risks, as traders need not worry about margin calls.
How to Use DEGEN Options on PowerDEX
To start using DEGEN Options on PowerDEX, traders need to access the platform using their crypto wallet. Then, they should: 1. Select a cryptocurrency to trade. 2. Decide on the option duration — either 10 minutes or 1 hour. 3. Choose a direction — Call or Put based on the expected price movement. 4. Set a strike price and confirm the trade. After the option expires, traders will receive payouts in the stablecoin USDC, provided their prediction was correct.
DEGEN Options from PowerDEX offer innovative trading opportunities by combining high profits with limited risks. These instruments can serve as a valuable addition to trading strategies in the cryptocurrency market.
