Cronos (CRO) contracts are now available on UpDown Options in the Crypto.com App, in addition to Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Dogecoin (DOGE), Litecoin (LTC), Avalanche (AVAX), Polkadot (DOT), Chainlink (LINK), and more.
UpDown Options are the first CFTC-regulated crypto derivatives product that gives users the tools to capture value in all market conditions, allowing them to maximize profit and minimize losses, trade with lower costs, and hedge against price dips.
Traders can choose to buy or sell an UpDown Option depending on which direction they believe the market will go. Users can trade BTC, BCH, ETH, LTC, DOGE, and more on four available contracts each depending on their risk appetite, seven days a week. UpDown Options are currently only available to users in the US but will be available in other jurisdictions soon.
About Cronos (CRO)
Cronos is the native token of the Cronos chain, a decentralised, open-source, energy-efficient public blockchain with high speed and low transaction fees. Cronos is designed to support the creator economy with Web3 applications such as DeFi and GameFi, ultimately serving as the foundational infrastructure for an open metaverse. Cronos is designed to serve the next billion Web3 users and to help them experience the full promise of self-custody of their digital assets.
Cronos is an Ethereum-Virtual Machine (EVM) compatible blockchain powered by Ethermint and built with the Cosmos SDK that supports the Inter-Blockchain Communication (IBC) protocol. Accordingly, end-users can import cryptocurrencies from the Ethereum, Cosmos and other chain families into Cronos as well as rapidly port apps & smart contracts from Ethereum and EVM-compatible chains.
Useful Resources:
- University article about UpDown Options
- UpDown Options introduction video
- UpDown Options launch announcement
- UpDown Options FAQs
Don’t have the Crypto.com App yet? Download it here.
Disclaimer:Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for US users only, who must first become a Member of CDNA prior to trading UpDown Options on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation, or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to US regulatory oversight by the CFTC.
