Nasdaq Traders Can Now Buy Call, Put Options on Coinbase Shares

The second-largest stock exchange in the world is set to offer Coinbase stock options beginning on Tuesday.

Coinbase Options: Max Pain, Max Gain

A Nasdaq representative confirmed to Reuters that the exchange would start offering call and put options on the price of the Coinbase stock.

These options offer the right to buy or sell a certain stock at a set date for a set price. These options are notoriously riskier than simply holding the stock, but they can also become extremely profitable.

These instruments allow traders to speculate that the price will increase (call option) or decrease to a certain level (put option). Buying put options is often referred to as shorting, a term that has increasingly made headlines following the GameStop saga.

Binance has also recently announced they would offer COIN trading to their users.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article