Bitcoin Binary Options 2.0 as IG Markets Re-Launches the Trading Product

IG Markets gained the distinction last year of being the first online Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD broker to launch Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term trading, when it began to offer bitcoin binary options in April 2013. IG followed up that launch with the distinction of being the first broker to scrap bitcoin trading when they ceased offering the binary options product a month later.

Showing that times are changing, IG is again bringing binary options for bitcoins back to their platform. Launched yesterday, and promoted via their Twitter account, IG is offering bitcoin trading in both Sprint and Ladder binary options. Sprint is IG’s terminology for classic binary options in which customers wager whether prices of an instrument will close higher or lower than the current market prices, with a fixed payout if they are correct. (More about trading bitcoins)

With ladder style binary options, IG provides multiple in and out-of-the money price points over daily, weekly and monthly expiration periods to wager whether bitcoin will close above or below the strike prices. With multiple durations and strike prices, ladder options are more similar to traditional exchange traded equity options. The main differentiator is that ladder binary options offer a fixed payout versus a variable one of traditional options.

With the relaunch of binary options at IG, the broker is offering a fairly robust variety of tradable bitcoin products by providing both classic and ladder style binary options and many strike prices and durations. Among binary options brokers offering bitcoin products, their offerings have typically been limited to either only classic or ladder style options with a few expiration and strike prices. As such, with such a robust variety of its bitcoin offering, our bet is that the product will last more than a month this time around.

This article first appeared earlier today on our parent site Forex Magnates