Derivatives market takes a step forward! Binance officially enters the options market, with its app offering Bitcoin options trading.

After launching a series of cryptocurrency derivatives, Binance officially started Bitcoin options trading today, but it is currently only available for trading on the mobile app.

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Despite the global economic downturn, Binance, as a leader in the cryptocurrency industry, shows no signs of slowing down. This year, in addition to acquiring the Indian cryptocurrency exchange WazirX, appointing the "Father of Digital Economy" as the honorary dean of their research institute, launching Binance Mining Pool and OTC market, Binance officially acquired the largest cryptocurrency data platform CoinMarketCap in March.

Binance CEO CZ, in addition to revealing his involvement in the Bitcoin options market, also hinted on Twitter the day before yesterday that endless updates are on the way.

https://twitter.com/cz_binance/status/1248955545777668096

Since entering the derivatives market, Binance has shown impressive performance. According to the data platform Skew, Binance ranks first in futures trading volume and fourth in open interest over the past 24 hours. However, the Bitcoin options market is a new area for Binance, which has long been dominated by Deribit. Whether Binance can achieve great success in the options market remains to be seen.