New T+3 BNB/USDT Options
Binance, the leading cryptocurrency exchange, has announced that its trading division, Binance Options, will be offering “T+3” daily call and put contracts tied to BNB. This new product will provide traders with greater flexibility and expand the exchange’s existing product suite.
Key Points:
– Binance Options will list the T+3 BNB/USDT options daily at 08:00 UTC.
– New listings will not occur on days when longer duration contracts expire.
– T+3 refers to settling securities trades by the third day following the trade date.
– Traders can trade the T+3 daily options two days before the expiry day.
– Each call and put contract represents 1 BNB and expires daily at 08:00 UTC.
These options are derivative contracts that give traders the right to buy or sell the underlying asset at a predetermined price on or before a specific date. A call option allows for buying, while a put option permits selling.
The launch of the T+3 daily options comes at a time of heightened volatility in BNB. The cryptocurrency recently experienced a significant drop in value following reports of Binance’s involvement in helping Russian users move money abroad to bypass international sanctions. As regulatory concerns mount, the introduction of the T+3 options provides traders with additional opportunities in an evolving market.
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