Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Business » Agoradesk Introduces Options Trading For Monero And Bitcoin

Agoradesk Introduces Options Trading For Monero And Bitcoin

by

New Options for LocalMonero Users

agoradesk introduces btc xmr options

Share this article

The creators of LocalMonero have announced a new privacy-oriented peer-to-peer OTC cryptocurrency trading service. Announced over the Reddit airwaves, the new service, called Agoradesk, will also introduce a new form of crypto trading: options contracts for Bitcoin and Monero.

In addition to trading Monero, traders can buy and sell Bitcoin and participate in “the world’s first P2P OTC cryptocurrency options exchange” according to the thread. Options are a form of derivative contract, in which traders agree to exchange an asset at a preset price at a later date.

The service provides physical settlement of options contracts, as well as more familiar trades. There are no KYC, AML, or identity verification requirements to use the service, and traders can choose any medium of exchange, including cash. To further protect user privacy, the service allows for the usage of an Onion portal, I2P portal, and a non-Javascript version of the site for accessing from Tor or I2P.

 Users can execute call and put options for risk hedging and leveraged trading, with physical settlement of underlying BTC or XMR. Full details are explained at the Agoradesk coin trading guide. The full feature set of the new service can be found here.

The Agoradesk platform is completely peer-to-peer and OTC, allowing users to trade without the restrictions of centralized exchanges. Although it is an extension of the older platform, it does not remove any of the functionality from LocalMonero. “If you don’t care about BTC and/or options then you can keep using the platform exactly as you used it before,” the thread explains.

For those who do wish to give the new features a go, accounts between LocalMonero and the new Agoradesk are completely shared, so the same login and password can be used to access the new features.

AgoraDesk Expands On LocalMonero Functionality
source: AgoraDesk

As the prevalence of state surveillance and monetary restrictions continues to spread, more users may be attracted to services like Agoradesk. Centralized exchanges have been feeling the heat from the FATF lately, with the imposition of trading responsibilities causing many services to shy away from privacy-focused cryptocurrency trading.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.