SpotOption Launches Bitcoin Denominated Accounts

A recent addition to SpotOption's lists of features is the ability for end-user binary options customers to have 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 denominated accounts. With it, trade sizes and payouts become denominated in binary options instead of the typical US dollar, euro, British pound or Japanese yen.

Becoming the first broker to offer customers binary options trading with a bitcoin denominated account is Montenegro registered BitPlutos. In addition to bitcoin-based trading, BitPlutos also supports the virtual currency for deposits and withdrawals. Along with bitcoins, customers issue deposits and withdrawals with fiat currency using Neteller, Skrill or bank transfers, which are converted to and from bitcoins for the funding.

In regards to whether bitcoin support for deposits and withdrawals is another feature that SpotOption enabled, or is being handled solely by BitPlutos, Finance Magnates reached out to the binary options platform provider which as of publishing time didn’t provide that answer or comments on overall end-user interest for bitcoin binary options.

Overall, the news relates that bitcoins continue to be an area of interest among binary options brand operators even as Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in the currency has declined. After prices had spiked above $1,000 at the end of 2013, it led to an array of binary options brokers adding bitcoin trading on their platform. However, according to broker sources, demand for bitcoin trading fell as volatility fell.