PowerTrade adds ETH Options for Crypto Traders
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Advanced crypto options trading platform, PowerTrade, has announced the addition of ETHoptions trading in a Press Release.
This addition is coming just as PowerTrade retested its all-time-high with key resistance levels, which will likely result in presenting the ideal time for options trading and market volatility.
PowerTrade’s ETH options are margined by SPAN with the BTCoptions market, which make provisions for complex options strategies.
Standard Portfolio Analysis of Risk (SPAN) margin, also known as Portfolio Margin, takes the entire risk of traders into account — not just the risk of the individual position of the trader — when determining margin requirements.
This means that if a trader has many positions that counteract each other when the market moves, the needed collateral will be very low compared to the typical crypto margin exchange.
What SPAN does is that after it calculates the worst-case daily move for a specific open position, some positions result in profit and therefore, do not require any margin. It also enables unrealized gains to counteract margin obligations for new positions or losing positions.
The integration of SPAN is integral in empowering traders to maximize ROI in the maturing crypto market.
PowerTrade’s addition of ETHoptions is a welcome development as the options market has been underserved until now, due to the inability of many crypto exchanges to support the complexity of trading options.
PowerTrade is specially designed to support crypto options and provide better prices at higher volumes with less capital, thereby enabling expert and retail traders to maximize return on investments (ROI) through an intuitive and user-friendly interface.
PowerTrade appeals to traders who are looking to discover new ways to make greater profits because it is the only crypto exchange that offers options priced in USD with SPAN margin.
Showing excitement at the development, Tom Howard, Business Development & Growth Lead, PowerTrade, said, “We’re very pleased to be able to offer ETHoptions trading to the wider crypto market at such a pivotal time in Ethereum’s development. Because PowerTrade’s platform is easy to use and mobile-first with low minimums and low fees, it truly puts the power of ETHoptions into the hands of traders.”
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