What is a private key? | Blockchain Concept| OKX Academy

You may have heard the phrase “not your keys, not your coins” uttered in the cryptocurrency industry before. The keys being referred to here are private keys — a secret number used in cryptography — w...

Spot price explained — determining futures prices | Blockchain Concept| OKX Academy

A cryptocurrency’s spot price refers to the price at which a coin or token may be immediately bought or sold. While spot prices may vary from exchange to exchange, the largest cryptocurrencies’ spot p...

Put spreads explained — directional options constructions | Blockchain Concept| OKX Academy

Put spreads are options strategies that involve an equal number of put options being bought and/or sold at the same time. Put spreads have limited profit potential compared to simply buying puts, but ...

Collar explained — protecting unrealized gains with options | Blockchain Concept| OKX Academy

Collars are options strategies used to defend against large losses at the expense of big-gain potential. They are also commonly called hedge wrappers or risk-reversals and are created when a trader — ...

Strangle explained — profit in either direction | Blockchain Concept| OKX Academy

A strangle is an options strategy that involves the investor or trader holding both call and put options for the same cryptocurrency — in our case — with the same expiration date but different strike ...

Straddle explained — a predictable options strategy | Blockchain Concept| OKX Academy

A straddle is an options strategy in which both a put option and a call option are purchased with the same strike price and the same expiration date. It is a neutral options strategy that offers profi...

Covered calls explained — conservative options strategies | Blockchain Concept| OKX Academy

Covered calls are oft-used and conservative options strategies primarily used to generate income through price premiums. Market participants who utilize covered calls generally do so because they beli...

Carry trades explained — a high-risk strategy | Blockchain Concept| OKX Academy

A carry trade is a strategy that involves simultaneous low-interest-rate borrowing and investing in a high-rate-of-return crypto asset. It is most commonly employed in forex trading, where traders mig...

Call options explained | Blockchain Concept| OKX Academy

Call options are contracts that provide the buyer with the literal option to buy a cryptocurrency for a specific “strike” price within a specific time period. Because it is an option, the buyer has no...

Call spreads explained — bull and bear options | Blockchain Concept| OKX Academy

Call spreads are options strategies involving the purchase of both a long and short call with different strike prices. There are two different kinds: Bull call spread Bear call spread The goal of a bu...

Put options explained — sell, but only if you want | Blockchain Concept| OKX Academy

Put options — which are also simply called “puts” — are contracts that offer the buyer the option to sell a specific amount of the underlying cryptocurrency within a specific time frame for a specific...

Futures spread explained — hedging against systematic risk | Blockchain Concept| OKX Academy

A futures spread is an arbitrage strategy in which a trader completes a unit trade with both a long and short position — which offset each other — in order to take advantage of price discrepancies. It...