The trading volume of cryptocurrency options increased from US$200 million in August 2019 to US$3 billion in May last year, according to data from the data website CryptoCompare. Following the halving of Bitcoin, the options trading volume last month was set at 2.5 million US dollars.
Cryptocurrency platform GIBXCChange has introduced a feature that will help generate passive income for its users through the use of the GIBCX OC Crypto Option Contract.
Options allow traders to purchase or sell a contract at a predetermined strike price before or on a predetermined date. In the derivatives market, the strike cost is the fixed cost at which the option owner can sell or buy the underlying asset, in this case, bitcoin or ether.
The goal of the GIBCX OC Crypto Option Contract is to enable investors to participate in more elaborate options strategies without having to execute them and generate high yields through passive management.
GIBXChange.io has always remained true to its vision of providing digital asset products that are flexible, transparent, and secure. GIBCX OC Crypto Option Contract is a new addition to our existing product suite that offers various encrypted trading functions.
GIBXChange.io offers spot trading, margin trading, futures contracts, and perpetual contracts. Mortgages, C2C loans, and current options are also available from a single source on the platform.
To begin trading options, our users can go to the “short-term options” section of the website under “Derivatives.”
GIBCX OC Crypto Option Contract is a brand new trading product that the GIBXChange team redesigned based on the current industry environment and market demand. GIBCX OC Crypto Option Contract is primarily designed to address current market pain points.
The stable currency USDT is used as the settlement currency. The GIBCX OC Crypto Option Contract is more transparent and straightforward, and multi-variable transactions are simplified.
GIBCX OC Crypto Option Contract is also convenient, based on a risk management system according to fair market prices. GIBCX OC Crypto Option Contract can avoid the risks associated with abnormal price fluctuations, realise real-time fund settlement, and avoid the income uncertainty associated with apportionment.
GIBCX OC Crypto Option Contract is also more flexible and fully meets market demand as it offers a lot of diverse options to users. With these features, such as a real-time risk control system based on a dynamic feature library and flexible adjustment of risk control rules based on market and user transaction conditions, GIBCX OC Crypto Option Contract will improve market operation stability and provide better user protection.
The GIBXChange platform has the industry’s top blockchain technology R&D and operation team, with many years of financial security risk control management experience. They constantly improve end-to-end security protection measures, the review process and continuously optimise and reduce the infrastructure’s “attack surface.”
To ensure the security of funds and user data, most system funds are kept in offline cold wallets, and the data transmission and signing processes are optimised and encrypted. Simultaneous review is accomplished through manual review and system reconciliation. Multiple layers of insurance safeguard users’ funds for safety.
Furthermore, the platform has entered into a strategic partnership with well-known industry enterprises. It will be linked to the bank’s fund supervision system to ensure users’ funds’ safety fully and provide fund guarantees. When users redeem funds, the bank assumes fund redemption responsibility.
When asked about the future development goals of GIBXChange, the management stated that the platform’s future development goal is to become a comprehensive blockchain asset financial service platform. Also, collaboration with blockchain companies and continuous product innovation is critical to the blockchain industry.
With that said, let’s take a look at 8 significant benefits of the GIBCX OC Crypto Option Contract:
- Static
- Dynamic income
- Directors’ income
- Studio income
- Computer hosting income
- Turnover income
- Workshop subsidies
- Copy income
Features of GIBCX OC Crypto Option Contract:
- Strong authentication with robust security features.
- Customers go through the know-your-customer (KYC) process. Their information cannot be extracted in the background. The server is located in the top foreign EQUINIX data centre to avoid the risk of domestic policy tightening
- The platform has AAA top financial licenses in more than 10 countries