- KuCoin launches Options Trading for Bitcoin (BTC) and Ethereum (ETH), accessible on mobile.
- Users can earn over 100,000 USDT in rewards through various promotional events.
- A zero-fee trading period runs from November 1 to November 15, 2024, allowing cost-free exploration of options.
KuCoin, a major cryptocurrency exchange, has officially introduced an Options Trading feature, giving users a new tool to trade various cryptocurrencies. This feature is available on mobile for app versions 3.118.0 and above, allowing users to trade options on assets like Bitcoin (BTC) and Ethereum (ETH).
For 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 waived for options. This promotion allows traders to explore BTC and ETH options at no cost.
Price Prediction Event
KuCoin is hosting a “Guess to Win” event where users can predict BTC and ETH options’ settlement prices. Participants can buy options with expiration dates of November 6, 7, 13, or 14. Users who hold profitable options at expiration can earn 200 USDT in rewards, including 100 USDT in Futures trial funds and 100 USDT in Margin trial funds.
To qualify, users must have a total options purchase volume exceeding 0.5 BTC. Rewards will be distributed on a first-come, first-served basis until the prize pool is depleted.
High Volume Trading Rewards
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. Total rewards depend on cumulative trading volumes, calculated as Option Units multiplied by the number of contracts.
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.
This launch aims to involve users in a growing crypto trading environment, providing a structured experience for options trading on the KuCoin platform.
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Source: https://coinedition.com/kucoin-launches-options-trading-with-btc-and-eth-offers-100k-usdt-in-rewards/