AnyOption Launches Bitcoin Binary Options

0 Comments

AnyOption became the second broker to begin offering bitcoin binary options trading today. Similar to binary options that were launched by IG Group, AnyOption’s product is based on longer term expirations, rather than the typical short term (as low as 60 second) offering that have become prevalent among binary options lately.

In a statement AnyOption published, it stated that “while traditionally we deal with currencies and stocks traded in household markets, we’ve identified that the public interest in bitcoin trading has risen and have decided to facilitate it within our state of the art one touch tool”.

AnyOption was listed as the second largest ‘pure’ binary options broker in terms of monthly volumes and deposits in our Forex Magnates Q1 Industry Report. The unregulated broker was affected along with other firms in last month’s Italian IP banning. In that instance, Italian financial regulator Consob led a court enforced decision to have local ISP’s ban the IPs of unregulated binary brokers that were marketing unlawfully in the country.

As discussed before, bitcoin derivatives would appear to best suited as binary option products, rather than as CFDs which are the typical offering from forex platforms.  Therefore, if prices continue to hold steady, we assume that several, if not all of the major binary option platform providers will begin offering bitcoin pricing on their systems.  In regards to AnyOption, unlike the vast majority of binary brokers that are license or ‘white label’ platforms from binary option platform providers like SpotOption or TechFinancials, the broker uses a proprietary system.  This allows them greater flexibility in customizing their trading interface to meet new demands in the market.

anyoptions







TAGS: , ,
 

Related posts:

More information on this subject is found in the latest Forex Magnates Quarterly Report


Comments are closed.

We do not store your information and we do not disclose our sources.


Leave your name/email (not required) if you'd like to be contacted about this story (will not be disclosed):



Digital Currencies

Expert Articles

Fintech, Startups & New Products

dc

Bitcoin Picks: DISH Starts Accepting Bitcoin, Illegal Firearms Sales Funded with Bitcoin

A number of developments happened during this week in the world of Bitcoins - US cable provider, DISH opened its doors to Bitcoin payments, while...

Spain’s banking giant Santander runs challenge to devise Bitcoin strategy for banks

The open innovation platform Yegii is running a challenge to “analyze the impact of Bitcoin on banks and devise a strategic course of action” on...

Coinbase: our insurance is legit and comprehensive

Coinbase has sought to reassure consumers that it provides real, comprehensive insurance on deposits, at no cost to the consumer. They have actually done so...

More Digital Currencies

Juan Colon, Darwinex

Advantages And Disadvantages Of Copy Trading

Traders can collaborate with peers with the same interests, exchanging mutually beneficial trading related information. One such approach is fx copy trading, whereby “Leaders” publish...

Coffee cup and coffee beans on old wooden background

Coffee Futures: Break or a Fake?

Coffee futures can be one of the more volatile commodities around, especially during different seasons where drought concerns or frost concerns in Brazil can really...

Bart Burggraaf

Are Analytics Sites Like Alexa A Viable Measure For Web Traffic?

There are quite a few services like Alexa, including Compete, Nielsen Online, Comscore, SimilarWeb and various google tools – all are useful in some way...

More Expert Articles

Lending Club Logo

After $5B in Loans, Lending Club Eyes $500M IPO

In a deal being eyed by other P2P lenders and alternative financial companies, Lending Club has filed its S-1 prospectus as it looks to raise up to $500 million in an IPO.
Read more

fxn2Danielle Lehrer , Founder of Forex NationForex Nation

Forex Nation Looks to Break the Mould by Offering Customers Good Cause to Trade

In the vast and sometimes brutal jungle of currency trading, an Australian Nonprofit broker wants to apply social responsibility to its core business model. Is giving back compatible with competitive market goals?
Read more

More Fintech, Startups & New Products

Forex Research

Recent Comments

Note: Copyright © 2014 Forex Magnates. All rights reserved.

All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Forex Magnates. You may not alter or remove any trademark, copyright or other notice from copies of the content. All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at Forex Magnates are those of the individual authors and do not necessarily represent the opinion of Forex Magnates or its management. Forex Magnates has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by Forex Magnates, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Forex Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2014 "Forex Magnates Inc. - Home of the Forex Elite" All Rights Reserved.