Which exchanges offer the ability to buy put options on crypto?
Grigoriy FrolovDec 27, 2021 · 3 years ago3 answers
Can you recommend any cryptocurrency exchanges that provide the option to buy put options on crypto? I'm looking for a platform where I can hedge my crypto investments and protect against potential price drops. It would be great if the exchange offers a user-friendly interface and competitive fees as well. Thank you!
3 answers
- Dec 27, 2021 · 3 years agoSure! One popular exchange that offers the ability to buy put options on crypto is Binance. They have a dedicated options trading platform called Binance Options, where you can trade put options on various cryptocurrencies. Binance is known for its wide range of trading options and competitive fees. It's a great choice for hedging your crypto investments.
- Dec 27, 2021 · 3 years agoYou're in luck! Coinbase, one of the most well-known cryptocurrency exchanges, recently introduced put options trading on their platform. With Coinbase, you can buy put options on select cryptocurrencies to hedge against potential price drops. They have a user-friendly interface and a strong reputation in the industry.
- Dec 27, 2021 · 3 years agoBYDFi, a popular decentralized exchange, also offers the ability to buy put options on crypto. Their platform provides a decentralized and secure environment for options trading. With BYDFi, you can protect your crypto investments and take advantage of the benefits of decentralized finance (DeFi). It's a great choice for those who value privacy and control over their assets.
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