Tytanid is a fully decentralized DeFi exchange. It is a brand new system that allows users to binary option trading. This is a benefit that no DeFi exchange has offered so far. The Tytanid protocol is built on the Ethereum blockchain. It allows users to not only create new binary options markets, but also join markets created by other participants. The DeFi exchange Tytanid brings binary options to the world of decentralized exchanges. Become a protocol participant and trade your favorite cryptocurrencies. You can find more information about the exchange on our website. We encourage you to read the details of the project.
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Binary options trading
What is binary options trading?
Binary options trading is a contract that allows its holder to make a profit from the cryptocurrencies he is staking. However, this option is characterized by the fact that the user has only two options - he will get the intended profit, or he will get nothing. How it works? It is based on a simple principle, the user has to determine if the asset will be above or below a certain price at a given time. If his speculations are correct he can profit up to 80% of the investment, that is why binary options trading is popular among traders who count on big profits in a short period of time. The profits are big, but the risk is even bigger, because if the trader is wrong, he will lose the invested assets.
Pros and cons of binary options trading
Binary options trading has its pros and cons. The advantages certainly include the possibility of making large profits in a short period of time. Additionally you know in advance how much your income will be and losses are limited. On the other hand profits are also limited because you will get a fixed income even if the asset grows more. As mentioned before the trader has two options to choose from, so the risk in this case is high. So remember not to invest funds that you are not ready to lose.
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