Monday, January 20, 2014

How to Trade Bianary Options on Bitcoin

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GOptions, a binary options brokerage based out of London, UK has launched the ability to trade Bitcoin by utilizing their trading platform.  GOptions says that it’s simple, just a simple assessment of if the next move of BTC will be an up one or down.  GOption has reported that the launch of this product has created a 70% increase in traders and 40% increase in volume. 

Daniel Gant, of the Goptions Trading desk explained that “traders are simply enjoying the sudden simplicity of trading this very volatile new asset. It’s not a stock or index and doesn’t behave like other assets. It’s in a class of its own making it more appealing for both advanced and new traders alike. It just feels like uncharted territory to both the brokers and the clients yet the profit potential is robust, to say the least. We see lots of potential for upside momentum for the Bitcoin’s price and this optimism is driving traders into the trading arena.”


  
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