FOTA.com, a cryptocurrency derivatives trading platform launched earlier this month, today started markets in European ATM options toward bitcoin (BTC) and ether (ETH) USD spot prices.
An ATM (At the Money) option is an option whose strike price equals the spot market price of the underlying asset.
With simple rules and fast feedback, users don’t have to be in tuned to constant market fluctuations. There is no need to worry about liquidations due to short-term changes, which leads to a higher chance to secure more potential profits.
The company further announced that it will launch an OTM Option, GAMMA Option and other new digital assets options in the near future to provide more choices for risk hedging and gaining profits.
Also today, FOTA officially released iOS and Android applications.
