What is the meaning of 'no touch' in the context of cryptocurrency?

3 answers

• Nov 27, 2021 · 3 years ago
  In cryptocurrency trading, 'no touch' refers to an option contract where the buyer receives a payout if the price of the underlying asset does not reach a certain level within a specified time period. It is a type of binary option where the buyer bets that the price will not touch a predetermined barrier. If the price does touch the barrier, the buyer loses the investment. This type of option can be used to hedge against price movements or to speculate on price stability.
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• Nov 27, 2021 · 3 years ago
  'No touch' in the context of cryptocurrency means that the price of a particular cryptocurrency will not reach a specific level within a given timeframe. It is a type of trading strategy where traders bet that the price will not touch a certain price point. This strategy can be used to minimize risk and protect against potential losses. Traders can use 'no touch' options to profit from price movements or to hedge their positions.
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• Nov 27, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers 'no touch' options for traders. With 'no touch' options, traders can set a specific price level that they believe the cryptocurrency will not touch within a specified time period. If the price does not touch the set level, traders can earn a payout. This feature provides traders with more flexibility and opportunities to profit from the cryptocurrency market.
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