Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

sui name service (suins).png

Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

market maker.png

Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Bybit Learn

Options

Bitcoin

Bitcoin options allows you to own BTC without having to buy the asset itself. Discover what Bitcoin put and call options are, what benefits they bring to the table, and how to trade BTC options.

The world of investing is characterized predominantly by the maximization of profits. Every year, numerous innovations spring up to help investors profit in whatever capacity and in whichever field an opportunity presents itself. One such financial instrument is called Bitcoin options.

Though popularized only in recent times, the concept of options trading 

. This concept is founded on a financial theory that gives certain permissions and withholds certain rights. Essentially, options are contracts that give an investor or trader holding an option the right (not the obligation) to buy or sell an asset at a predetermined price and date.

, and a key attribute of assets that fall into this class is dependency. This means that the value of options is derived from that of other instruments, such as cash, 

While the concept can be technical and rather confusing, one thing is for sure: Options are a profitable tool that can definitely become an investor's best friend. In this article, let’s discuss everything you need to know about a particular type of crypto option: 

 (BTC) has grown to become a household name, evoking a wide range of emotions: curiosity, hope, fear and skepticism ... and much more.

Bitcoin’s growth over the past 12 years took the world by surprise. First appearing in a white paper in October of 2008, pseudonymous author(s) 

 introduced a concept that would later give centralized financial institutions worldwide a run for their money.

Birthed out of a desire to correct the flaws and misappropriations of the existing financial systems, Bitcoin arrived as a solution to scamming middlemen and unfair financial regulations. BTC grew from a value of $1 in 2011 to its all-time high of $68,000 in Nov. 2021. Currently, BTC’s price is hovering around $30K.

Since 2011, Bitcoin has grown from its first use case (as a 

) to being adopted by millions of users and corporations worldwide, 

, with more countries looking to follow suit. With the 

 in the spring of 2024, Bitcoin’s price may soon regain and even surpass its glory.

 exist similarly to Bitcoin futures in the form of derivatives. They can be defined as "contracts that give an investor or trader the right to buy or sell Bitcoin (but not the obligation) at a given price (strike price) and a specific date (expiration date)." 

Bitcoin options trading is a preferable mode to buying Bitcoin because the cost incurred to buy an option (a premium) is less than that of the actual asset. As opposed to buying and holding Bitcoin, Bitcoin options give you the 

 to take speculative positions (i.e., upward or downward) on BTC's price movement.

Considering how volatile the cryptocurrency asset is, Bitcoin options open up an avenue for investors and traders to speculate the asset's price at a fraction of the cost. Still, they allow you to profit from the downward movement in price without actually suffering the loss of holding the currency itself. Bitcoin options also allow you to profit from a spike in price as if you were holding the actual 

 in Bitcoin that creates wide profit margins, losses are limited only to the premium paid to open the positions. This uncapped profit potential and capped losses are some of the best features of Bitcoin options trading that make it attractive and in demand.

A Bitcoin call option is an agreement that allows a 

 owner to buy an agreed-upon amount of Bitcoin for a particular price (also known as the "strike price") at a particular time (expiration date).

Consider the following (hypothetical) scenario: Let's say you believe that the price of a piece of land will go up in a couple of months. You discover that you can reach an agreement with the seller that would allow you to purchase the land at a particular price, and mandate the seller to sell it to you ... all this at the small cost of a fee (premium). Would you accept the offer? Most probably. This same logic applies to Bitcoin call options. 

To clarify, the agreement merely gives you the "option" to buy the land at that time; it isn't mandatory. If you don't have the funds at that time to close the deal, all you have to do is forfeit it and lose the premium paid.

 gives the contract owner the right to sell Bitcoin at an agreed-upon price (strike price) later at a predetermined time (expiration date). In other words, it gives you the privilege of selling your 

. It usually follows a downward bias — that is, when an investor thinks the price of Bitcoin will decline rapidly or is bound to do so over a certain time frame.

In other words, this contract becomes valuable whenever the actual Bitcoin price falls below the strike price, before or on the expiration date. The holder can choose to exercise the option and sell Bitcoin at the higher strike price, even if the market price is lower. This allows traders to profit from a declining Bitcoin market, as they can sell at a better price than the current market value. And similar to a call option, the maximum risk a trader can absorb is the premium paid if the Bitcoin price doesn’t drop below the expected strike price.

Why Would Anyone Buy a Bitcoin Put Option?

To help you understand better, here's an example:

Assuming Mr. Stone is a fruit seller who notices that fewer people buy more fruit at a particular time of the year, which forces the price of fruits down. Throughout this period, he consistently runs his business at a loss because he has to sell his produce at a lower price than what he bought it for. 

One day, he hears of a company that wants to buy his fruits at a predetermined price, even when that price is lower than the market rate. This opportunity allows him to sell his goods to them at that price and hedge against decline, even when other fruit sellers have no choice but to make do with less-than-ideal selling rates. 

Mr. Stone and the company enter an agreement that mandates the company to buy his goods at the predetermined price within that period. This contract is sealed with a fee (premium). If the company refuses to act on the contract, Mr. Stone gets to keep the premium that was paid.

It's worth noting that Mr. Stone gets to decide the premium paid based on the perceived demand for his fruit at that time. The same logic applies to Bitcoin put options.

Bitcoin vs. Bitcoin Options: Profiting in Bear and Bull Markets

We already know why BTC is sold and is currently the biggest cryptocurrency by 

: High demand. However, Bitcoin options (and other derivatives) are sold because they serve certain specific purposes, which we shall explore in detail below.

Hedging is one of the most common reasons for trading futures or contract options.

, picture a garden close to a river or water pathway. It's safe to presume that such a piece of land will, sooner or later, get washed away by the force of water currents. In such a situation, the owner of the land builds a fence or hedge around it to shield it from erosion.

This example is a close, albeit simplistic, representation of hedging in the financial markets. Investors (and miners of Bitcoin) hold an asset whose value could be “eroded” or "washed off" by the forces of 

. An options contract "shields" the value of the underlying asset — in this case, Bitcoin — by "locking" its value, i.e., the price at which Bitcoin can be traded for money.

Traders and investors use contracts such as options to express their short-term sentiments (

To understand this better, remember that when an asset is bought, it’s usually believed that the asset will be more valuable in the future. When the asset records a substantial increase in value, you can profit by selling off an amount of it. 

 run is imminent in the upcoming months? Although the underlying asset's price may bounce back after a while, by purchasing a put option, you would maximize your chance to make some profit. 

Here’s another reason Bitcoin options are increasingly traded over Bitcoin itself: Trading an options contract provides you with the benefit of controlling a larger trade size than the amount of capital you used to initiate the position. For example, for a relatively small premium amount of, say, $500 or $1,000, you can control one bitcoin, which could be worth $20,000 or more.

Expiration dates refer to the agreed date on which the contract option — the option of either buying or selling — is to be exercised. Note that not every Bitcoin options contract can only be fulfilled on its expiration date; some can, in fact, be exercised before the expiration date. Below, let's look at the two methods of contract fulfillment.

European-style options contracts mandate the holder to fulfill only the terms of the agreement on the date of expiration. Even if a contract is 

 (ITM), the holder can't exercise their option until the set date, on which the fortunes of such a contract may have reversed.

A European-style contract requires higher accuracy in speculation than its American counterpart. At the time of this writing, major Bitcoin options trading platforms offer only European-style contracts.

Options contracts styled in this manner give the holder the privilege of exercising the contract before the 

. If a contract is ITM, the holder can decide to use their trade option, thereby making a profit.

The American way of doing things implies that a much lower degree of accuracy in speculation is required. Making a profit requires the contract to be ITM any time: Between the date entered and the expiration date.

OTM, ITM and ATM are terms that are frequently discussed in options trading. Although they share fundamental similarities, they function differently in diverse scenarios. In fact, these terms describe the relationship between the current Bitcoin price and the strike price of an option.

An out-of-the-money (OTM) Bitcoin option refers to a current market price for Bitcoin that isn’t favorable for an option contract holder to execute their right. For example, if the strike price of a put option is $30,000, but Bitcoin is currently trading at $34,000, the put option is considered OTM. In this case, it wouldn't make financial sense for the contract holder to sell Bitcoin at $30,000 when the value of 1 BTC is higher on the spot market.

In contrast, an in-the-money (ITM) Bitcoin option is advantageous for an option holder when the current market price of 1 BTC is below the strike price. Using our previous example, if the strike price of a put option is $30,000 and Bitcoin is trading at $34,000, the put option would be considered ITM. The holder can exercise the option and sell their BTC at the higher strike price, even though the market price is lower.

When the current Bitcoin price is close to the option's strike price, an at-the-money (ATM) option works in favor of the contract holder, regardless of the market situation. For example, if the strike price is $30,000 and Bitcoin is currently trading at around $31,000, the put option is ATM. The option holder has to make a decision based on market predictions to determine whether it would be beneficial to exercise the option or not.

Depending upon the contract that they hold, traders can utilize these contracts to hedge against market unpredictability.

"Holding and writing" in options trading is another way to express the act of buying and selling. Like buying and selling, there are two sides to an options contract; On one side is the "holder," or buyer, and on the other is the "writer," or seller. This two-sided concept covers both put and call options, meaning you can go long or short on both.

The connection between a holder and a writer is the 

. When an investor decides to "hold" an option, they must pay a premium that gives them the right to buy or sell Bitcoin.

The reverse is true of "writing." When an investor decides to “write,” they sell their right to decide to the holder. If the holder decides to act on the options contract, the seller will have to keep their word and relinquish their right. They only get paid the premium for the decision.

Certain terminologies are used to understand the factors responsible for an option's price in Bitcoin options trading. These terms are called the "Greeks." They decide how much you pay to open an options contract as a holder or how much you receive selling an option as a writer.

Here are the five members of the Greeks: 

Bitcoin Options vs. Bitcoin Spot Trading vs. Bitcoin Derivatives

Depending on your trading interest, these contracts serve different purposes and yield different financial outcomes. When comparing trading options, it's crucial to understand the underlying trading mechanics and the flexibility from which these contracts derive their value.

A Bitcoin option gives traders the right, but not the obligation, to buy (call option) or sell (put option) BTC at a predetermined price (strike price) on or before a specific date (expiration date). When compared to spot trading, options provide a more flexible trading opportunity with calculated risks, as traders may choose whether or not to exercise the option if it becomes unprofitable. The maximum loss is limited to the premium paid for the option contract.

Traders who seek to hedge their positions may prefer options, as they allow them to speculate on Bitcoin's price movements or take advantage of market volatility without committing to buying or selling the asset outright.

Traders involved in spot trading prefer to buy or sell actual Bitcoin on cryptocurrency exchanges at the current market price, with settlement and ownership taking place immediately. Unlike options or futures trading, the spot market allows traders to directly own the underlying asset for transactions or long-term investments.

When compared to options, spot trading is best suited for beginning and intermediate traders who want direct exposure to Bitcoin and are interested in using it for various purposes or holding it for potential long-term gains.

Bitcoin derivatives are financial contracts that derive their value from the underlying price of Bitcoin. These include Bitcoin futures and perpetual swaps. For example, Bybit Futures Contracts allow traders to trade contracts with a specified expiration date, while Bybit Perpetual Swaps don’t expire and can be held indefinitely.

In other words, derivatives enable traders to speculate on Bitcoin's price without owning the actual asset. They offer 

, allowing traders to control larger positions with a smaller amount of capital. Due to leverage, derivatives carry higher risk and complexity than spot trading or options. Thus, they’re more suitable for intermediate and advanced traders.

Which Is Better for Beginners and Intermediate Traders?

Ultimately, the best choice depends upon an individual's knowledge, trading goals and risk tolerance. Beginners should start with spot trading to get acquainted with Bitcoin, and as they progress, they can explore options and derivatives with proper research and understanding.

Bitcoin options are offered on several exchanges, which have different methods of allocating contracts. For example, on a 

, the options contract is upheld directly between the customer and the exchange.

To enter a contract option, the user chooses the amount of Bitcoin they wish to trade the options contract on, thus determining the premium. Since the trade takes place between the user and the exchange (using a computer program), if the value being lost by the user were to pass a threshold, the user would be 

, with the only money lost being the premium.

On some other exchanges, a user "writes" a contract and waits for their contract to be matched by another who orders to purchase a contract with similar terms to the writer. The exchange regulates this trade, and a fee is charged to ensure fairness. 

 (see image above). For a step-by-step guide on how to do so, 

, options can keep their rewards at reasonable levels when implemented carefully. To the Bitcoin investor, Bitcoin options are a good way to speculate on the 

 of Bitcoin. Even if BTC is bleeding red, 

To the investor who wants a "feel" of the market without prior experience with Bitcoin or cryptocurrencies, no worries: There's an option (pun intended) for you in the form of Bitcoin options contracts. (Editor’s note: Please ensure that you’re educated on the risks involved. Only go for options trading if you’re comfortable stomaching the level of risk).

Options trading often involves predefined losses (limited to the premium paid), whereas spot trading exposes traders to potentially unlimited losses if the market moves significantly against their position. However, the complexity and limited time frame of options can make them riskier for inexperienced traders.

Overall, both options and spot trading carry risks, which can vary based on the trader's approach, knowledge and risk management strategies. It's crucial for traders to understand the risks associated with their chosen trading method thoroughly and to trade within their risk tolerance and financial capacity.

What Are Bitcoin Options: How to Own The World’s No. 1 Crypto for Less

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards