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Can you trade cryptocurrency options before the market opens?

avatarBruun CooleyDec 28, 2021 · 3 years ago3 answers

Is it possible to trade cryptocurrency options before the market opens? I'm interested in trading options on cryptocurrencies, but I'm not sure if they are available for trading outside of regular market hours. Can I place trades on cryptocurrency options before the market opens?

Can you trade cryptocurrency options before the market opens?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, you cannot trade cryptocurrency options before the market opens. Just like traditional financial markets, cryptocurrency options are only available for trading during regular market hours. This is because options contracts are based on the underlying asset's price, which is determined by market activity. So, if the market is closed, there is no price data to base the options contracts on. Therefore, you will have to wait until the market opens to trade cryptocurrency options.
  • avatarDec 28, 2021 · 3 years ago
    Nope, you can't trade cryptocurrency options before the market opens. It's a bummer, I know. But hey, that's how it works. You gotta wait for the market to open if you wanna get in on the action. So grab a cup of coffee, sit back, and relax until the market opens. Then you can start trading those sweet crypto options!
  • avatarDec 28, 2021 · 3 years ago
    As an expert at BYDFi, I can confirm that you cannot trade cryptocurrency options before the market opens. BYDFi, like other cryptocurrency exchanges, follows the same trading hours as traditional financial markets. This means that cryptocurrency options are only available for trading during regular market hours. So, if you're looking to trade cryptocurrency options, you'll have to wait until the market opens.