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Options are among the most popular derivatives in traditional finance, but getting started with options trading can be a daunting process for beginner investors. Not only do many brokerages have high account minimums, they also require users to provide a lot of personal information, which some people might not be comfortable with.
Hegic is decentralizing the process of options trading by providing a platform that allows anyone, even complete beginners, to get started without jumping through any hoops. The platform offers noncustodial crypto options trading that doesn’t require any verification.
Since Hegic is essentially just a protocol, it isn’t beholden to any government agency or financial institution. The platform uses smart contracts to automate the trading process and guarantee on-chain settlement. In this guide, we take an in-depth look at Hegic.