The world’s first Cedefi Options Trading Platform built on Binance Smart Chain.
Since 2020 till date, DeFi has surged in the world of cryptocurrency. It has shown and proved to a certain extent how flexible the world of blockchain can be and how it actually benefits people and companies. By creating additional liquidity and revenue streams, holders of certain cryptocurrencies are allowed to stake their coins to earn interest and collateralize their coins for additional tokens to reinvest or stake into other liquidity pools.
Now lets talk about options. Options are a form of financial derivative to help investors hedge of mitigate their risk based on the current positions they have on certain investments. This concept is the same and replicated in the cryptocurrency world where traders and investors are given the opportunity to further hedge their risk and to protect their current positions if they do not wish to cash out their coins immediately.
In the next few weeks, the team behind Oction will regularly update and send upload articles so that readers will be able to better understand what Oction does and how it benefits everyone alike. Oction is also world’s first CeDeFi options platform that will be built on Binance Smart Chain. Keep in mind that this will be the first options platform that has both US and EU options to cater to the risk appetite of different traders. Moreover, there will be additional features and choices of options that traders can speculate and mitigate their risk on. for example, (the latest cryptocurrency tokens being traded, gold, oil and other precious metals). Oction aims to be the worlds first and most integrated options trading platform that caters to everybody.