Fellow Binancians,
Binance OTC is pleased to announce the launch of Options RFQ, which allows users to submit a Request for Quote (RFQ) for options trades directly with the Binance OTC Trading Desk. Users may leverage Options RFQ’s institutional-grade liquidity now, and complete large-sized options trades over-the-counter at more competitive prices and zero fees.
How to Use Options RFQ:
Step 1: Go to the Options RFQ page.
Step 2: Input the necessary details in the designated fields, and select [Request Quote].
Step 3: Review the automated, custom-price quotation provided by Options RFQ, and complete your options trade at zero fees.
Currently, Options RFQ is enabled for selected BTC, ETH and BNB pairs on Binance Options only. While VIP 1-9 users and qualified users may enter into both long and short positions via Options RFQ, regular users are only eligible to buy options and sell any existing long positions via Options RFQ at this initial stage.
Notes:
Options RFQ is subject to the terms of the Binance OTC Terms and Binance Options Service Agreement.
Most features available on the Binance Options order book are supported on Options RFQ. Users may refer to the FAQ on Options RFQ or email trading@binance.com for more information.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-02-01
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer:
Trading Options carries risks, including the potential for significant losses in a short period of time. Please ensure you have carefully read and understood the terms under the Binance OTC Terms and Options Service Agreement.
The Options RFQ only supports trading for one Call Contract or Put Contract for any Option at a time, which may affect your ability to execute strategies using multiple Option positions.
The platform determines the settlement amount at an option's expiration. If positive, the option is automatically exercised; if not, the option expires.
For Qualified Users who are permitted to write/issue Option Contracts and take Short Positions, for the purposes of this Risk Disclosure, Short Positions shall mean disposing of Eligible Digital Assets by borrowing them and to purchase them back when their price declines. Please note that leverage can boost potential profits but also potential losses. All quotes must meet initial margin requirements and pass position risk limit checks. Rapid market swings might prevent you from adjusting or exiting your position.
You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur.
Past performance does not reliably predict future performance. Invest only in products you fully understand and are comfortable with the risks. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
