How does selling a put option work in the world of digital currencies?

1 answers

• Sushrut SaptaputreJan 08, 2024 · 2 years ago
  At BYDFi, we offer a platform where users can sell put options on various digital currencies. When you sell a put option on our platform, you receive a premium for taking on the obligation to buy the digital currency at a predetermined price. If the price of the currency falls below the predetermined price, the buyer of the put option can exercise their right to sell the currency to you. It's important to carefully consider the risks and rewards of selling put options, and to have a solid understanding of the digital currency market before engaging in this strategy.
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