Crypto Binary Options

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Written By
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Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Edited By
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Edited By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

Crypto binary options are gaining momentum in the trading market, with many tokens reaching all-time highs in price and volume. Fortunately, binary options contracts are widely available on crypto platforms and can be traded in a variety of ways. If you want to start investing, read on as we explore what cryptocurrency binary options are, their pros and cons, plus the best online brokers.

Best Crypto Binary Options Brokers

Click a broker for details
  1. 1
    Pocket Option
    50% Deposit Bonus

    Ratings
    2 / 5
    3.5 / 5
    2.5 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.5 / 5
    4 / 5
    4.2 / 5

    $50
    $1
    MISA
    Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
    Web, MT4, MT5
    Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, Airtel
    USD
  2. 2
    IQCent
    20% to 200% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    2.4 / 5
    4.3 / 5
    3.8 / 5
    2.5 / 5
    3 / 5
    2 / 5
    4.3 / 5
    4.1 / 5

    $250
    $0.01
    1:500
    IFMRRC
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Online Platform, TradingView
    Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard
    USD, EUR
  3. 3
    CloseOption
    $10 Welcome Gift

    Ratings
    2.8 / 5
    2.5 / 5
    2.5 / 5
    3 / 5
    3 / 5
    3 / 5
    1.3 / 5
    2.5 / 5
    3.7 / 5
    3.5 / 5

    $5
    $1
    National Bank of Georgia
    Binary Options on Forex & Cryptos
    Own
    PayPal, WebMoney, Mastercard, Perfect Money, Wire Transfer, Bitcoin Payments, Ethereum Payments
    USD
  4. 4
    Videforex
    20% to 200% Deposit Bonus

    Ratings
    2.5 / 5
    3 / 5
    3.5 / 5
    3.3 / 5
    3.5 / 5
    4.5 / 5
    1.3 / 5
    1.3 / 5
    4.1 / 5
    4.4 / 5

    $250
    $0.01
    1:500
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    TradingView
    Skrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
  5. 5
    Binarium

    Ratings
    2.8 / 5
    3.8 / 5
    3.3 / 5
    3.5 / 5
    3.5 / 5
    3.3 / 5
    1.3 / 5
    4.2 / 5
    1.3 / 5
    3.3 / 5

    $5
    $1
    Forex, Stocks, Cryptos
    Own
    QIWI, Yandex Money, Bitcoin Payments, Neteller, WebMoney, Wire Transfer, Visa, Mastercard, Credit Card, Debit Card
    USD, EUR, AUD, RUB
  6. 6
    RaceOption
    20% - 200% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    3 / 5
    2.8 / 5
    3 / 5
    4 / 5
    0.8 / 5
    0.8 / 5
    4 / 5
    3.8 / 5

    $250
    $0.01
    1:500
    Binary Options, CFDs
    TradingView
    Credit Card, Debit Card, Bitcoin Payments, Neteller, Skrill, Perfect Money, Mastercard, Visa, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
  7. 7
    BinaryCent
    20% - 200% deposit bonus

    Ratings
    2.8 / 5
    2.8 / 5
    3 / 5
    2.5 / 5
    3 / 5
    3 / 5
    1 / 5
    2 / 5
    3 / 5
    3 / 5

    $250
    $0.01
    1:500
    VFSC
    CFDs, Forex, Stocks, Cryptos, Options, Commodities
    Own
    Visa, Mastercard, Debit Card, Credit Card, Skrill, WebMoney, Neteller, Bitcoin Payments, Wire Transfer, Perfect Money, Ethereum Payments
    USD
  8. 8
    World Forex
    100% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    3 / 5
    2.8 / 5
    3.5 / 5
    3.3 / 5
    2.5 / 5
    2.8 / 5
    1.3 / 5
    1.3 / 5

    $1
    0.01 Lots
    1:1000
    SVGFSA
    Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
    MT4, MT5
    Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, Volet
    USD, EUR, RUB

This is why we think these brokers are the best in this category:

  1. Pocket Option - Pocket Option offers a modest crypto offering with 10+ digital currencies including Bitcoin and 65+ tokens if you deposit $1000. The integrated analytics feature in the platform is helpful for finding opportunities, while the daily signals service makes it straightforward to act on short-term crypto opportunities.
  2. IQCent - IQCent offers 17 crypto pairs through its proprietary terminal, including Bitcoin, Ethereum and Litecoin. Leverage on crypto CFDs is capped at 1:10, whilst binary options payouts vary by token but remain competitive. OTC assets, for example, pay out up to 95%.
  3. CloseOption - CloseOption traders can access high/low binary options on five major cryptos all paired with USD. Payouts of 40% are available due to digital assets' high market volatility, which compares well with rivals.
  4. Videforex - Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available.
  5. Binarium - Trade binary options on three Bitcoin pairs – BTC/USD, BTC/GBP and BTC/EUR – with flexible contract lengths. Simply bet whether the price of the asset will rise or fall.
  6. RaceOption - Trade popular crypto CFDs with leverage up to 1:30 and utilize convenient crypto funding in Bitcoin, Ethereum or other altcoins. You can also enjoy fully flexible, 24/7 crypto trading at home or on the go. Cryptos are paired with USD and CNY.
  7. BinaryCent - BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies.
  8. World Forex - Traders can access CFDs on crypto assets through World Forex's dedicated W-CRYPTO accounts, which offer leveraged cryptocurrency trading with spreads from zero. We rate that you can trade on 10 cryptos paired with the USD and EUR, while crypto-crypto pairs are also available.

Pocket Option

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

Jemma Grist, Reviewer

Pocket Option Quick Facts

Bonus Offer50% Deposit Bonus
Minimum Deposit$50
Payout %92%
Expiry Times5 seconds - 4 hours
Copy TradingYes
PlatformsWeb, MT4, MT5
InstrumentsBinary Options, Currencies, Commodities, Stocks, Indices, Cryptos
CoinsBTC, ETH, BCH, LINK, AAVE, ALGO, TLM, ALPP, ANT, AVAX, AXS, BNB, ADA, CHZ, COMP, ATOM, DASH, MANA, DGB, DOGE, ENJ, EOS, FIL, GLMR, ILV, ICP, KAVA, LTC, MKR, MASK, MIOTA, XMR, ALICE, NEAR, NEO, NULS, OMG, DOT, MATIC, QTUM and many more
Crypto MiningNo
Auto Market MakerNo
Crypto SpreadN/A
Crypto LendingNo
Crypto StakingNo
RegulatorMISA
Account CurrenciesUSD

Pros

  • The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
  • The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders

Cons

  • You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
  • The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests

IQCent

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

Jemma Grist, Reviewer

IQCent Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Minimum Deposit$250
Payout %98%
Expiry Times5 seconds - 1 month
Copy TradingYes
PlatformsOnline Platform, TradingView
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
CoinsBTC, ETH, LTC, ETC, DOGE, MATIC, QNT, SOL, XRP, USDT, XMR, BNB
Crypto MiningNo
Auto Market MakerNo
Crypto SpreadVariable
Crypto LendingNo
Crypto StakingNo
RegulatorIFMRRC
Account CurrenciesUSD, EUR

Pros

  • Keen traders can take part in trading contests with cash prizes
  • The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests
  • The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies

Cons

  • The broker is not overseen by a respected regulator, though this is common among binary options firms
  • IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month
  • IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks

CloseOption

"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."

Tobias Robinson, Reviewer

CloseOption Quick Facts

Bonus Offer$10 Welcome Gift
Minimum Deposit$5
Payout %95%
Expiry Times30 seconds - 1 month
Copy TradingNo
PlatformsOwn
InstrumentsBinary Options on Forex & Cryptos
CoinsBTC, BCH, ETH, LTC, XBT
Crypto MiningNo
Auto Market MakerNo
Crypto SpreadNo fee - payouts approx. 40% (Copper)
Crypto LendingNo
Crypto StakingNo
RegulatorNational Bank of Georgia
Account CurrenciesUSD

Pros

  • New traders can get started with a $5 minimum deposit
  • Multiple global payment methods are available
  • The user-friendly platform is compatible with most web browsers

Cons

  • Binary options are only available on fiat and digital currencies
  • CloseOption is not regulated by a well-regarded trading authority
  • Clients need to deposit $50,000+ to qualify for the best payouts

Videforex

"Videforex will serve traders looking for a no-frills, easy-to-use platform to speculate on the direction of popular financial markets through binaries. With a sign-up process that takes a matter of minutes and a web-accessible platform, getting started is a breeze. "

William Berg, Reviewer

Videforex Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Minimum Deposit$250
Payout %98%
Expiry Times5 seconds - 1 month
Copy TradingYes
PlatformsTradingView
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
CoinsBTC, ETH, QUANT, UNI, SOL, BNB, DOGE, XRP, XMR, MATIC, USDT
Crypto MiningNo
Auto Market MakerNo
Crypto SpreadFloating
Crypto LendingNo
Crypto StakingNo
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
  • Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.
  • Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.

Cons

  • The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for day traders.
  • Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
  • The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.

Binarium

"Binarium has been designed with simplicity in mind, featuring a fast, fully digital sign-up process and an intuitive platform and app with 4 chart types and 12 indicators. With binaries spanning 5 minutes to 3 months, it caters to short- and medium-term traders."

William Berg, Reviewer

Binarium Quick Facts

Minimum Deposit$5
Payout %80%
Copy TradingNo
PlatformsOwn
InstrumentsForex, Stocks, Cryptos
CoinsBTC
Crypto MiningNo
Auto Market MakerNo
Crypto SpreadN/A
Crypto LendingNo
Crypto StakingNo
Account CurrenciesUSD, EUR, AUD, RUB

Pros

  • Binarium has the best education centre we’ve seen amongst binary options brands, complete with information on core topics like trading basics and account options, plus professional video guides to using the platform.
  • Binarium claims to segregate client funds with EU banks, meaning traders’ money should not be misused and providing an important layer of protection, which is especially relevant given its offshore status.
  • The $10,000 demo account, deposit-doubling welcome bonus, smooth sign-up, and 24/7 support make for an attractive onboarding experience.

Cons

  • Payouts of up to 80% are on the low side of binary options platforms based on our evaluations, which may deter traders looking for the possible best returns, though you can get back up to 15% of losing trades.
  • Despite being operational since 2012, Binarium is an unregulated broker with limited transparency on its website, raising safety concerns and potentially putting your capital at risk.
  • Binarium has some way to go to match the investment offering of binary firms like Quotex, with a particularly weak selection of around 20 currencies and 3 cryptocurrencies.

RaceOption

"RaceOption will appeal to investors looking for a feature-rich binary options trading experience with regular contests, account-based perks, and copy trading. The catch is its unregulated status, with little to zero investor protections available based on our investigations."

William Berg, Reviewer

RaceOption Quick Facts

Bonus Offer20% - 200% Deposit Bonus
Minimum Deposit$250
Payout %95%
Expiry Times5 seconds - 30 days
Copy TradingYes
PlatformsTradingView
InstrumentsBinary Options, CFDs
CoinsBTC
Crypto MiningNo
Auto Market MakerNo
Crypto SpreadVariable
Crypto LendingNo
Crypto StakingNo
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • Payouts on popular underlying assets like EUR/USD can reach 95%, beating out most alternatives based on our evaluations, and increasing potential returns, while the first 3 trades are risk-free in Silver and Gold accounts.
  • RaceOption makes account funding a breeze with fee-free and near-instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour.
  • RaceOption is in the less than 1% of brokers that offers video chat, available 24/7 in multiple languages, although the knowledge of agents about trading and regulatory issues needs improvement from our direct experience.

Cons

  • RaceOption is one of the only brokers not to offer a demo account, which when considered alongside the absence of education, makes this broker a poor choice for beginners.
  • While still affordable for many retail investors, the $250 minimum deposit raises the entry barrier, especially compared to Deriv and World Forex who are designed for budget traders.
  • RaceOption is an unregulated, high-risk broker that doesn’t provide investor compensation or legal recourse options should you run into trading or withdrawal issues.

BinaryCent

"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."

Tobias Robinson, Reviewer

BinaryCent Quick Facts

Bonus Offer20% - 200% deposit bonus
Minimum Deposit$250
Payout %95%
Expiry Times5 seconds - 30 days
Copy TradingYes
PlatformsOwn
InstrumentsCFDs, Forex, Stocks, Cryptos, Options, Commodities
CoinsZEC, XRP, XMR, SAN, OMG, LTC, BTC, IOT, ETH, ETC, EOS, DSH
Crypto MiningNo
Auto Market MakerNo
Crypto SpreadN/A
Crypto LendingNo
Crypto StakingNo
RegulatorVFSC
Account CurrenciesUSD

Pros

  • Simple and straightforward proprietary platform for binary options trading
  • Payouts up to 95% are higher than most competitors and increases profit potential
  • Accepts a wide range of funding methods, including cryptos and e-wallets

Cons

  • The $250 minimum deposit is higher than most binary options brokers
  • Not overseen by any reputable regulator, raising risks and reducing customer protections
  • Not available to traders based in the US

World Forex

"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."

Tobias Robinson, Reviewer

World Forex Quick Facts

Bonus Offer100% Deposit Bonus
Minimum Deposit$1
Payout %100%
Expiry Times1 minute - 7 days
Copy TradingYes
PlatformsMT4, MT5
InstrumentsForex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
CoinsBTC, DSH, LTC, ETH, ZEC, XRP, BCH, XMR, EOS, NEO
Crypto MiningNo
Auto Market MakerNo
Crypto LendingNo
Crypto StakingNo
RegulatorSVGFSA
Account CurrenciesUSD, EUR, RUB

Pros

  • VPS hosting
  • STP/ECN technology
  • A wide range of assets to trade, including via digital contracts

Cons

  • Weak regulation
  • No negative balance protection
  • Withdrawal fees apply

What Are Crypto Binary Options?

Before making a crypto binary options trade, it’s important to understand what they are and how they work. Binary options trading involves speculating on the future price of an asset and placing a bet based on a ‘yes’ or ‘no’ outcome. A basic binary options contract requires setting a strike price either above (a call option) or below (a put option) on an asset. After a pre-determined expiry time elapses, the trader either wins his stake plus the profit or walks away with nothing.

Crypto binary options appeal to many traders because of their simplicity. Even without expert financial knowledge or grasp of trading jargon, these contracts are easy to comprehend. Compared to other forms of trading, capped losses will never exceed an investor’s stake and therefore offer a less punishing downside to an unsuccessful trade.

Many brokers offer crypto binary options contracts as well as other popular assets such as forex, commodities and indices.

Trading cryptocurrency binary options

Crypto Binary Options Contracts

Crypto binary options trading isn’t limited to just one type of contract. Some of the most popular variants include:

Let’s take a look at an example of a traditional up/down crypto binary options trade, using the most popular token, Bitcoin, with a current value of $64,000. Let’s say that a crypto binary options broker or exchange offers a 40% return on a contract for Bitcoin to be worth $65,000 after 4 hours. A trader puts a $100 stake into the contract and will earn $40 on top of their returned $100 stake if the strike price is met. If not, the trader loses the $100 stake.

How Cryptocurrencies Work

Whilst it’s not essential for successful crypto binary options trading, having general knowledge of cryptocurrencies, can be helpful when formulating a trading strategy. The idea or purpose behind a particular coin will often have a strong effect on its value.

A cryptocurrency is a digital token, that, instead of being backed by reserves of gold or other physical assets, operates as a decentralised global currency. Most cryptocurrencies are exchanged peer-to-peer, with the price of traditional crypto tokens driven entirely by supply and demand. The first cryptocurrency to gain traction was Bitcoin, launched in 2009 and now accounting for around 40% of the total digital currency market cap.

Due to the lack of fundamentals in cryptocurrency, many traders regard coin values as reflecting a purer market. Crucially for crypto binary options trading, this also makes for a far more volatile market than traditional trading assets. Daily price movements of between 10% and 50% are not uncommon, even for high market cap coins. Binary options trading is perfectly suited to markets or assets with high volatility, and crypto certainly fits that bill.

Pros Of Crypto Binary Options

Here are some of the main advantages of crypto binary options trading:

Cons Of Crypto Binary Options

Despite the numerous upsides of crypto binary options trading, there are some disadvantages to consider:

How To Start Trading Crypto Binary Options

If crypto binary options contracts sound like a great opportunity to generate potential profits, here is a guide to help get you started:

Choose A Crypto Binary Options Exchange

The first step for traders looking to start trading binary options is to decide on a platform from which to operate. There are several important aspects to consider when choosing a cryptocurrency broker or exchange. Here are a few of the most important:

Research The Crypto Market

While it is possible to make successful binary options trades without an in-depth knowledge of the crypto market, it is advisable for traders to first conduct some research on the coins they wish to trade.

This might include researching historical price patterns of coins and the market as a whole. Whilst past performance is not necessarily indicative of future results, traders can still use historical events, such as surges or crashes, to help make predictions as to what the market will do next.

Investing in crypto binary options

Traders could also analyse the various ecosystems and philosophies of the different coins, as well as their original purpose at the point of introduction into the market. Knowing which coins have significant future ambitions and demand is crucial when judging future value.

With that said, it’s also important to keep on top of hype, news and updates surrounding a particular coin. You can often gauge market sentiment by following social media, news sites and even celebrity endorsements that may affect the crypto market.

Opening A Crypto Binary Options Contract

Once you have selected your preferred broker and conducted your research into the crypto market, it’s time to open a binary options contract. After creating an account with a crypto exchange and choosing your target asset, here are your next steps:

  1. Deposit your funds via bank transfer, credit/debit card, or an available online payment method. Some exchanges also allow traders to deposit via cryptocurrency.
  2. Select your preferred crypto token to trade and choose the binary options contract you wish to open. If you’re a beginner, you may wish to opt for a simple up/down trade to begin with.
  3. Set your strike price and expiry time, ensuring that you are balancing risk and reward. Typically, greater odds are offered on contracts with longer expiry times and higher price movements. However, it’s important to research other factors that may affect your crypto binary options contract.
  4. Now you can stake your contract. This will depend on the capital and risk tolerance of each trader, however, it is advised that you do not stake any more than 2% of your capital in any single trade.
  5. Wait until your contract expires and discover whether you have made a profit.

Tips & Considerations

Final Word On Crypto Binary Options

Crypto binary options are an appealing form of derivative for many traders, due to their simplicity, capped risk, round-the-clock trading opportunities, and sizeable volatility. As the market continues to grow exponentially, binary options trading on cryptocurrencies can be potentially profitable. Choosing a top platform is imperative, as the best crypto binary options brokers and exchanges will offer a wider variety of coins, plus lower fees and more advanced technical tools.

FAQs

When Can I Trade Crypto Binary Options?

An advantage of trading crypto binary options is that, unlike other binary options markets, cryptocurrency is traded 24 hours a day, seven days a week. This accessibility means that traders have greater opportunities for placing crypto binary options contracts, as well as more freedom when setting expiry times.

Can I Trade Bitcoin Binary Options?

Bitcoin is just one of the many crypto tokens available for binary options trading, with some platforms offering contracts on over 150 different coins. While some traders may be more comfortable with binary options trading on major coins like Bitcoin, Ethereum and Solana, many successful trading strategies involve the often greater volatility of the smaller market cap altcoins.

Do I Have To Pay Tax On Crypto Binary Options Earnings?

Whether a trader has to pay tax on their crypto binary options earnings will differ depending on their jurisdiction. Some countries consider binary options trading as gambling and therefore exempt from taxes. Other jurisdictions require traders to declare and pay tax on profit, so it is worth checking your local tax laws.

Can I Make Money From Crypto Binary Options?

Traders can potentially profit from crypto binary options trading, with many brokers offering over 90% returns on some contracts. However, whether a trader is successful at binary options trading depends on a variety of factors and can of course come with inherent risk.

Can I Automate Crypto Binary Options Trading?

Many traders utilise algorithms to automate crypto binary options. Using automation means faster contract creation, round-the-clock market monitoring and immunity from emotional trading. Preconfigured bots can be purchased by traders, while those familiar with programming may opt to create their own.