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Is it possible to trade options on cryptocurrencies when the exchange is closed?

avatarShree Karthik TSDec 18, 2021 · 3 years ago3 answers

Can I still trade options on cryptocurrencies even when the exchange is closed? Is there a way to access options trading outside of the exchange's operating hours?

Is it possible to trade options on cryptocurrencies when the exchange is closed?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, most exchanges only allow options trading during their operating hours. This means that if the exchange is closed, you won't be able to trade options on cryptocurrencies. It's important to check the exchange's trading hours and plan your trading activities accordingly.
  • avatarDec 18, 2021 · 3 years ago
    Nope, you're out of luck! When the exchange is closed, options trading on cryptocurrencies is off the table. It's like trying to buy groceries when the supermarket is closed - it's just not possible. So make sure to keep an eye on the exchange's opening and closing times if you want to trade options.
  • avatarDec 18, 2021 · 3 years ago
    While most exchanges have limited trading hours for options on cryptocurrencies, there are some platforms, like BYDFi, that offer options trading even when the exchange is closed. BYDFi allows traders to access options trading 24/7, providing more flexibility and opportunities for traders. So, if you're looking for options trading outside of the exchange's operating hours, BYDFi might be the right platform for you.