Binance released its highly anticipated proof of reserves (PoR) on Friday, providing blockchain-based evidence for the Bitcoin on its books. However, many in the crypto community question Binance’s approach, and aren’t fully convinced that they have the transparency they’re looking for. The Move to Proof of Reserves As Binance explained in its announcement, the exchange’s transparency system will add multiple tokens and networks within the next two weeks. For now, it solely validates its Bitcoin holdings. The company’s initial audit…
Tag: Options Trading
A Quick Introduction to Crypto Options
Options trading may appear intimidating initially, but learning its basic concept will simplify the matter. Unlike crypto futures or perpetual swaps, buying crypto options may provide investors with a low-cost and low-risk strategy. An "option" gives the buyer the right to buy or sell an underlying asset at a specific price. After understanding the general rules that govern this financial niche, we will look into its crypto applications. Understanding Financial Options Options are a kind of derivatives, a large category…
9 months ago 
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