XRP options trading now available on Binance

by | May 25, 2020

Binance, the world’s largest and most popular digital asset exchange has listed ETH and XRP contracts on Binance Options. The new listings will be available on the latest version of Binance’s mobile app.

Binance launched BTC options on its Binance Futures trading platform a little more than a month ago and has now added XRP and ETH Binance options. Binance is the first trading platform to offer XRP options. The options trading by Binance is one more tool to help increase market liquidity for XRP.

What Is an Option?

Options are derivative contracts that give traders the right to sell or buy underlying assets at a predetermined price, on or before the expiry date. You can find more information on Binance Options in the following video: