{"id":142763,"date":"2020-12-28T16:01:33","date_gmt":"2020-12-28T13:01:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-launches-bilateral-bitcoin-european-options\/"},"modified":"2020-12-28T16:01:33","modified_gmt":"2020-12-28T13:01:33","slug":"binance-launches-bilateral-bitcoin-european-options","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-launches-bilateral-bitcoin-european-options\/","title":{"rendered":"# Binance launches bilateral Bitcoin European options"},"content":{"rendered":"<p>&#8220;<strong># Binance launches bilateral Bitcoin European options <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTIvZTFmOWY1NTMtMjJiZC00YjQwLWEyYmItMmFiOWUyZGYxZWVlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Crypto exchange giant Binance is set to expand its cryptocurrency trading catalog with the launch of a European-style Bitcoin (BTC) options contract. <\/p>\n<p>Announced on Dec. 28, the launch follows a successful testnet trial carried out back in November. The press statement also revealed that the new options contract will be priced and settled in Tether (USDT).<\/p>\n<p>As part of the announcement, Binance identified the growing <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite for BTC options as the reason for debuting the new product. Earlier in December, Bitcoin options crossed $1 billion for the first time with total open interest almost reaching the $6 billion mark.<\/p>\n<p>Commenting on the launch, Binance CEO Changpeng Zhao remarked that Bitcoin recently reaching $28,000 underscored the increasing level of investment in the crypto space, adding:<\/p>\n<blockquote><p>\u201cThe crypto industry\u2019s growth is in good part attributable to a combination of factors, including wider public education and institutional interest, innovation in DeFi protocols and smart contracts, and development of a robust derivatives market.\u201d<\/p><\/blockquote>\n<p> Back in April, Binance joined the expanding cast of exchanges rolling out Bitcoin options trading with the launch of American-style BTC options contracts. The major difference between the American and European formats is that traders can only exercise the latter at the expiration of the contract.\u00a0<\/p>\n<p>Binance&#8217;s previous iteration of Bitcoin options was also criticized for being one-sided as users were unable to &#8220;write&#8221; options and pocket the premium. As a consequence, Binance options were <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly more expensive due to the inability to conduct arbitrage.<\/p>\n<p>The European BTC options announcement is the latest from Binance in a busy December. As previously reported by Cointelegraph, the exchange recently began offering Segregated Witness, or SegWit, support for Bitcoin deposits.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-launches-bilateral-bitcoin-european-options\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Binance launches bilateral Bitcoin European options &#8221; Crypto exchange giant Binance is set to expand its cryptocurrency trading catalog with the launch of a European-style Bitcoin (BTC) options contract. Announced on Dec. 28, the launch follows a successful testnet trial carried out back in November. The press statement also revealed that the new options&#8230;<\/p>\n","protected":false},"author":1,"featured_media":142764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/e1f9f553-22bd-4b40-a2bb-2ab9e2df1eee.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74862,81209],"class_list":["post-142763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-bitcoin","tag-bitcoin-options"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/142763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=142763"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/142763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/142764"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=142763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=142763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=142763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}