NASDAQ Traders Can Now Buy Call, Put Options On Coinbase Shares

Published 04/20/2021, 07:25 AM
GME
-
IXIC
-
COIN
-

After its listing on Apr. 14, Coinbase's (NASDAQ:COIN) stock has been trading between $310 and $430.

The second-largest stock exchange in the world is set to offer Coinbase stock options beginning on Tuesday.

Coinbase Options: Max Pain, Max Gain

A NASDAQ representative confirmed to Reuters that the exchange would start offering call and put options on the price of the Coinbase stock.

These options offer the right to buy or sell a certain stock at a set date for a set price. These options are notoriously riskier than simply holding the stock, but they can also become extremely profitable.

These instruments allow traders to speculate that the price will increase (call option) or decrease to a certain level (put option). Buying put options is often referred to as shorting, a term that has increasingly made headlines following the GameStop (NYSE:GME) saga.

Binance has also recently announced they would offer COIN trading to their users.

Original Post

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.