JEX Blockchain Asset Exchange Says ‘Options Trading’ is the Answer to Crypto’s Bear Market Conditions
A couple of days back a representative for JEX announced that his firm was looking to help crypto investors navigate through today’s bearish market conditions by allowing them to deal directly with ‘options trading’ (something that could potentially help their digital assets grow in a stable fashion).
For those not aware of what ‘options’ are, they can be thought of as ‘financial derivatives’ wherein buyers have the “right to buy or sell a financial asset at an agreed-upon price for a set amount of time”. However, the difference lies in the fact that as part of the contract, the buyer is not obliged to eventually “complete the transaction” (if he/she so chooses).
So, What’s The Point Of All This?
As mentioned previously, JEX is a platform that looks to bring options trading to the masses primarily because it helps minimize investor losses. However, with that being said, it should be made clear that ‘options trading’ too comes with its fair share of risks.
According to an executive at the firm, the current altcoin trading market has a lot of issues to deal with. Not only that, there is also a “dearth” of novel financial offerings that can be procured by investors at this time. As a result of this, JEX says that its foreseeable goal is to make available financial products that are not only easy to understand but also allow “ordinary investors” to get in on the action.
One quick look at the firm’s website shows that JEX currently offers customers with a range of training courses that are designed to help individuals who are new to the world of crypto and want to understand how ‘options trading’ works. If that wasn't enough, JEX also offers users with:
- Detailed explanations regarding a wide array of crypto related topics from a team of professional instructors.
- There is an option to avail of a trial trading account for first-time investors which allows them to experience a ‘realistic trading environment’ wherein real-time profits and losses are made.
Other Aspects Of JEX Worth Nothing
In order to minimize trading costs, JEX also comes with its dedicated token offering. Using the native platform currency, customers have the ability to receive amazing discounts on the fees that they conventionally have to pay (when executing a transaction).
Other features of JEX worth noting include:
- It allows customers to ‘spot trade’ cryptocurrencies.
- Allows users to participate in ‘index trading’.
At press time, JEX currently has onboard a total of 50 odd employees— a majority of whom have previously worked for OKCoin. The team in general has a lot of experience in niche’ domains such as ”designing, developing and administering trading platforms for blockchain assets and derivatives”.
Lastly, JEX publishes weekly dev reports via Medium, so as to regularly update their customer base about any new happenings taking place with the firm.