Cryptocurrency exchange BIT (bit.com) announced the launch of Square Options. The first phase of Square Options for BTC and ETH will be launched, with expiration dates of May 31 and June 28 respectively, one UP and one Down, a total of eight trading pairs, which users can freely buy and sell in the spot Plus market in the BIT App.
It is reported that Square Options is a spot product packaged with option strategies. This is an innovative financial product developed by BIT and its strategic partner VETA Finance, which allows users to obtain leveraged exposure to Bitcoin and Ethereum more easily and conveniently, providing users with the opportunity to double their investment returns. Square Options will generate multiplied returns when the price of Bitcoin or Ethereum changes in the direction expected by the user.