KuCoin Options Trading Feature Offers New Way to Trade Bitcoin (BTC) and Ethereum (ETH)

KuCoin, a major cryptocurrency exchange, has officially introduced an Options Trading feature, giving users a new tool to trade various cryptocurrencies.

Major cryptocurrency exchange KuCoin has introduced an options trading feature, giving users a new tool to trade various cryptocurrencies.

The feature is available on mobile for app versions 3.118.0 and above, and allows users to trade options on assets like Bitcoin (BTC) and Ethereum (ETH).

To celebrate the launch, KuCoin is offering over 100,000 USDT in rewards across multiple events, running from November 1 to November 29, 2024.

Additionally, from November 1 to November 15, users can benefit from a zero-fee trading period, with all trading and exercise fees being waived for options. This promotion will allow traders to explore BTC and ETH options at no cost.

Price Prediction Event

As part of the launch, KuCoin is hosting a “Guess to Win” event, where users can predict BTC and ETH options’ settlement prices.

To participate, users can purchase options with expiration dates of November 6, 7, 13, or 14. Participants who hold profitable options at expiration will be eligible to earn 200 USDT in rewards, including 100 USDT in Futures trial funds and 100 USDT in Margin trial funds.

To qualify for the rewards, users must have a total options purchase volume exceeding 0.5 BTC. The rewards will be distributed on a first-come, first-served basis, until the prize pool is depleted.

High Volume Trading Rewards

Following the launch, from November 14 to November 29, users can also earn rewards based on their trading volumes.

For every 0.5 BTC traded, participants will receive 5 USDT in Futures trial funds and 5 USDT in Margin trial funds. The total rewards will depend on the cumulative trading volumes, calculated as Option Units multiplied by the number of contracts.

The rewards will be distributed within ten working days after the event ends, and can be viewed on the ‘My Rewards’ page on the KuCoin platform.

Participation Guidelines

KuCoin has clarified that all sub-accounts will be treated as a single account for these activities.

Any attempts at fraudulent actions, such as self-trading or creating multiple accounts, will lead to disqualification. KuCoin reserves the right to make final decisions regarding eligibility.

The launch of options trading on KuCoin aims to provide users with a structured experience for this type of trading in the growing crypto trading environment.