The general Cryptocoin Idea and the real meaning of options in the exchange markets
The cryptocoin idea
Trading on the cryptocurrency market has already passed different development stages. It began with the first centralized exchanges where there were very little volumes and rose to several hundred exchanges where leaders the major players have a turnover that exceeds one billion dollars in a single day. Recently the US Securities and Exchange Commission have legalized the trading of Bitcoin at the major US stock exchange markets. The market is growing and getting more like ordinary stock and commodity markets. But one of the problems that many traders and hedgers cannot is completely inaccessible today. This goes about options.
Options
An option refers to a contract according to which the option buyer gets the right, unlike the obligation to buy or sell an asset at a predetermined price within a certain period of time in the future. In this situation, the option seller must sell the asset accordingly or has to buy it from the option buyer according to the agreed terms and conditions.
In the habitual world, options are traded at the stock exchange markets that have a huge turnover. Under normal circumstances, one party of a transaction is represented by the speculators who are in need of making a profit, while the other party or companies want to be ensured of their risks such as from sharp fall in prices. This type of market has not been created on the cryptocurrency exchange markets. This is because of the number of reasons that will be considered below:
Why cryptocurrency exchange markets had no options?
Just a few people are able to understand what options are, and this makes the demand for this service to be very low. The truth is that players who form this demand are not able to find the appropriate instrument that they need to ensure risks. The Cryptocoin Insurance offers these instrument to its clients, where a client is insured from growth or fall.
For example, if a client makes a payment for the insurance in the amount of 0.1 Bitcoin for the deposit in the total amount of 3 Bitcoins. If the price falls by 15% within 3 days, he gets the right to have the insurance in the amount of the deposit fall which is equal to 0.45 Bitcoins.
In case of the insurance event, cryptocoin insurance will pay the client the insurance for the previously obtained insurance. If it happens to be no event, the paid insurance from the client will, therefore, turn out to be the company’s income.
The two-in-one solution
But in order not to confuse a larger number of clients who have no idea or do not understand and do not want to get involved with options, Cryptocoin Insurance has developed a two in one solution.
• Cryptocoin insurance has launched the world’s first option cryptocurrency exchange.
• Cryptocoin insurance has created an insurance company, assigned options in the insurance that is understandable for everybody and hedges its risks on the options exchange.
Mostly, the company that enters first in the market is known as to be the leader and it will always acquire the largest share. Currently, Cryptocoin Insurance faces no competition and occupies the whole market.
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