What is the connection between binary options and cryptocurrencies?

Binary Options are a popular financial product to invest in the financial markets. As Bitcoin becomes a worldwide phenomenon many traders ask and search for the connection between Binary Options and cryptocurrencies. The new currencies are highly volatile so it can be easy to make your profit with Binary Options.

Where can I trade binary options?

Binary options trade on the Nadex—the North American Derivatives Exchange. Binary options are also available through the Chicago Board Options Exchange (CBOE). Traders with an options-approved brokerage account can trade CBOE binary options through their traditional trading account. Not all brokers provide binary options trading, however. 6

Are binary options illegal?

Binary options within the U.S are traded via the Nadex and CBOE exchanges. Foreign companies soliciting U.S. residents to trade their form of binary options are usually operating illegally. 1 Binary options trading has a low barrier to entry, but just because something is simple doesn't mean it'll be easy to make money with.

Are binary options regulated in Cyprus?

The effect is that binary options platforms operating in Cyprus, where many of the platforms are now based, would have to be CySEC regulated within six months of the date of the announcement.