Top crypto exchange Binance has hinted that it plans to launch Bitcoin (BTC) options trading.

Ii tweets — via the exchange'southward official handle and CEO Changpeng Zhao ("CZ") — posted on April 3 revealed "testflight leaks" and a screenshot of an credible paradigm for trading BTC/Tether (USDT) options contracts:

Tweet

Source: @cz_binance official Twitter handle, April 3

"Notice anything new"?

Binance's performative social media "leak" revealed options trading support as one of the items on a "what to test" list, which included other products that have previously been officially announced, such as the Binance Card issued by Visa.

As a pop derivative that enables traders to hedge against nugget price swings in either direction, an options contract offers the hazard to purchase either a right to purchase (a call option) or sell (a put option) a given asset at a specified "strike price." This strike price is determined on or before the contract's expiration engagement.

In response to a request from Cointelegraph, a spokesperson from Binance declined to comment.

Bitcoin options rolling out in 2022–2020

In October 2022, Chicago Mercantile Exchange Group said it was expecting to see high demand in Asia for its own forthcoming options product for Bitcoin futures, first announced in September.

In December, Republic of malta-based cryptocurrency substitution OKEx launched Bitcoin options trading for a select group of traders ahead of public launch in January 2022.