What Is Cryptocoin Insurance?

CryptoCoin Insurance is one of the world’s first cryptocurrency exchanges that insure the major cryptocurrencies against price falls or growth risks. The exchange platform provides the cryptocurrency markets with efficiency and technical solutions to some of the challenges it is currently facing.

CryptoCoin is divided into an option exchange where traders can hedge funds and an insurance company dedicated to enabling less experienced traders to purchase insurance for the fall and growth of cryptocurrencies.

Individuals can hedge the growth and fall of the major cryptocurrencies in the market such as BTC, ETH, and XRP by paying a fixed cost that is set depending on the currency asset price, the hedged asset price, the cost of hedging, and the number of hedging days.

The exchange will also provide traders with call and put options for Bitcoin and Ether. Buyers of such options do not necessarily have to buy the options. However, the sellers are required to buy and sell the options if the option holders require them to do so. The options have a 24/7 mode meaning that the options can either be sold or purchased during the entire period of the contract.

The prices of options are always varying as it is influenced by supply and demand in the cryptocurrency market. Each transaction on the CryptoCoin Insurance exchange is automatically regulated by the platform. In cases where the seller does not have enough funds in their account, the exchange liquidates the option position.

There is a set limit on the number of options that can be traded on one side of the market. This protects the market from sudden market fluctuations to one side of the market. Therefore, options cannot be closed for sellers whose deposits are below the guarantee security value.

CryptoCoin consists of a team of professionals who are well versed with the options market as well as ready to make innovative changes in the industry. The team is also willing to assist clients in any issues they might have on the services offered by CryptoCoin.

The risks associated with dealing with options for stocks, oil or other commodities are high. CryptoCoin, through its cryptocurrency exchange, will provide traders with the opportunity to trade in the cryptocurrency market, which is a much safer option compared to the traditional markets.

Traders using CryptoCoin insurance are able to get options for their falling and undertake an uncovered sale without actually owning physical bitcoin or Ethereum. This will result in the growth of the cryptocurrency market, as more traders, investors, speculators, and hedge funds will join the market.

CryptoCoin insurance sells insurance for the growth and fall of Bitcoin and Ethereum. Therefore, it provides traders with a way to mitigate the risks associated with cryptocurrencies. Subsequently, this will encourage more people to invest in cryptocurrencies.

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