Binance opens up ways for users to generate income using ETH options
Binance now allows all users to write (sell) ether options to generate passive income and manage risk.Summary
Binance has democratized access to earning passive income through ether options by allowing all users to write (sell) these contracts, a strategy previously limited mostly to professional traders. This move, announced via a press release, allows users to generate immediate income via upfront premiums by taking the opposing view to call buyers, essentially providing insurance against bullish price moves. Access requires a mandatory suitability assessment to ensure responsible trading. Furthermore, Binance upgraded its options platform infrastructure, offering lower latency and higher API throughput for faster execution, alongside expanded strike prices and advanced market data streams. To incentivize adoption, the exchange is also offering a 20% fee discount for VIP users on new ETH, BTC, BNB, and SOL contracts.
(Source：CoinDesk)