Although blockchain technology has helped to resolve the barriers attached to traditional investment and the digital ownership of assets through the use of cryptocurrency, there is still some restriction on exchange features that gives everyone the chance to trade their favorite trading instrument. The technology gives everyone regardless of their age, race, region, and status to buy, sell and own digital assets that represent a company’s share. The underlying technology behind this invention enables the fractionalization of assets to allow everyone to buy any quantity of token which they like to invest in without any mandatory requirement to buy only a large portion.
The cryptocurrency exchange has made the task of buying tokens easy through the aggregation of thousands of crypto assets that represent different project tokens and gives users the easiness to trade these assets with just a certain minimum amount. This minimum amount required to trade varies depending on the exchange rules and regulations. However, it still provides an easy way compared to traditional investments.
While exchanges provide different ways for users to trade, which include Spot trading, Futures trading and Margin trading, it requires a high level of technical analysis for users to spot a good trade that can make them money and reward them in the long run. Since the industry is still evolving, it is important to give everyone a fair chance in trading digital assets and make informed decisions.
BIB Exchange, one of the fastest-growing exchange brands in the blockchain industry launch a new feature called Flash Option. The exchange which recently started has had tremendous growth providing different trading services for over 2 million people with 50+ cryptocurrencies available. Currently, the exchange Spot trading volume has surpassed $200M with over $1B Futures daily trading volume as well.
This new feature aims to ensure that the BIB exchange provides users with a different set of trading experiences to choose from different types of features that meet their ideal type of trading. Whether as long-term traders or short-term traders, users can make use of trading properties from the varieties of alternatives available on the exchange.
What is Flash Option?
Flash Option is a new form of financial trading instrument that allows traders to speculate on whether the price of the option will rise or go up over a specific period. This option is simple to use as it does not require a lot of knowledge before anyone can use it. A specific set time between the options opening and before it expires makes the features very fast to execute and deliver which gives access to trade multiple times in a day. Some of the advantages of this are its simplicity, the period of each trade which is currently within a minute, and also the ability to analyze and detect the amount of profit and loss to be made on a single trade.
If the price goes as predicted, users make a profit and losses the trade if the price goes in the opposite direction. The profit percentage on a single flash option trade varies after the trading fee has been deducted. In short, the flash option represents speculating and predicting a higher or lower price than the current price of the asset before taking the trade.
HOW TO TRADE FLASH OPTION ON BIB EXCHANGE
- First, sign up and deposit
- Log in to your account and click on Flash Option on the navigation bar
- Transfer USDT from your spot wallet to the Options wallet
- Select the asset to trade, the expiration time and the amount to be used in the trade.
- To long which means predicting an upward move in price than the current price, click on the green button which represents Call Option. To short which entails predicting a lower price than the current price, click on the red button which signifies Put Option.
- Wait for the expiry time to check the result of your trade.
BIB exchange continues to build a global exchange brand that will give users the chance to choose from different varieties of trading options that they like. The goal is to remove any restrictions and give users the right trading features to make informed decisions in their trading and investments.
Disclaimer: Cryptocurrency assets and investments are susceptible to risk, it is important to do research and diligence before investing or trading this financial market.