Unveiling Innovative Trading: Shiba Inu (SHIB) Introduces Options, Expanding Opportunities on Crypto.com”
Cryptocurrency enthusiasts now have a novel way to engage with the popular Shiba Inu (SHIB) as Crypto.com introduces a new trading feature – Options. With a minimal investment starting at $10, traders can now forecast the price movement of SHIB within a 20-minute timeframe.
Exploring Strike Options
Regulated by the U.S. Commodity Futures Trading Commission (CFTC), Strike Options present a fresh trading opportunity in the cryptocurrency derivatives market. Traders are required to predict whether the price of a specific asset, such as SHIB, will rise above a predefined level by the contract’s end.
Should the prediction prove correct, traders can opt for a “Yes” contract, potentially securing a predetermined profit. Conversely, choosing “No” and selling the contract limits losses in terms of initial investment and trading fees if the prediction is inaccurate. The aim of Options is to provide a transparent and direct trading experience, where potential gains and losses are known upfront.
Expanding Tradable Pairs
In a recent development, Crypto.com has expanded its trading pairs, introducing Shiba Inu (SHIB) and other cryptocurrencies against the PayPal-backed stablecoin, PYUSD. Additionally, the platform has introduced pairs featuring popular meme coins such as DOGE/CORGIAI and SHIB/CORGIAI.
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The inclusion of Shiba Inu in these new trading pairs reflects the growing popularity and acceptance of SHIB within the cryptocurrency trading community. This expansion aims to provide traders with a diverse range of options, fostering a dynamic and inclusive trading environment.
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