​Toncoin options are live on cryptocurrency exchange BIT Tonc | TON Community

​Toncoin options are live on cryptocurrency exchange BIT

Toncoin (TON) stands alongside Bitcoin (BTC) and Ethereum (ETH) as the third cryptocurrency available for options trading on Bit.com. This is a huge step forward for both the TON Ecosystem and wider cryptocurrency market. Also in the pipeline is for TON to be available on Paradigm, the institutional liquidity network for derivatives traders, making our token even more accessible to customers. This product launch has been made possible in collaboration with Darley Technologies and DWF Labs.

What is 'options trading'?

Options trading is a type of financial contract that gives owners the opportunity, but not the obligation, to buy or sell an asset at a prearranged price before a certain time. Options are a great way for crypto investors to manage their exposure and speculate on the future price of an asset with relatively low-risk.

What happens next?

In short, this sets the stage for TON to become one of the most actively traded digital tokens in the crypto options market. This is another use case for TON that significantly increases its accessibility to both institutional and retail traders. This new product offering, in combination with TON's innovative technology, positions TON for further success.