Crypto.com's new options product "Strike Options," regulated by the CFTC, targeting U.S. users

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Crypto.com Launches "Strike Options" Options Product

According to the announcement, Strike Options has been launched on the Crypto.com App. This is a new cryptocurrency options product that allows users to predict the price of specific crypto assets within as short as 20 minutes, whether it will be higher than the exercise price at expiration to earn profits.

For example, if a user believes that the price of BTC will be higher than the exercise price at expiration, they can choose to purchase a "Yes option," with risks and potential returns clearly indicated.

On the other hand, if they believe that the price of BTC will be lower than the exercise price at that time, they can choose "No" to open a short position. Users can close the position in advance to lock in profits and limit risks.

Crypto.com Options Product Covers Four Major Cryptocurrencies

Crypto.com claims that this is a product regulated by the CFTC, settled in cash, currently offering cryptocurrencies such as BTC, ETH, LTC, and BCH, with more assets to be introduced in the future.

According to the official website, data related to the Strike Options product includes:

• 24/7 trading

• Contract durations: 20 minutes / 2 hours

• Minimum opening value of only $10

• Position limit: 25,000 contracts