Posted 8 months ago | by Ben Armstrong

3Commas Introduces Crypto Options Trading Bot!

3Commas has announced the launch of a crypto options trading bot service on the Deribit cryptocurrency exchange which will enable users to further automate their trading.

3Commas is one of the world’s leading platforms in the crypto trading bot sector, providing a wide range of smart tools that aim to help users to limit losses and risk exposure. To automate your trading and improve your investment opportunities, make sure to click here.

3Commas Options Trading Bot Features 15 In-Built Trading Strategies

The cryptocurrency trading bot service platform made the announcement via an official post on its website.

The newly added feature is going to enable 3Commas users to trade European options on the exchange at a time when several traditional exchanges are rolling out cryptocurrency options as the crypto market is becoming increasingly popular.

In addition to this, the platform revealed that the new trading bot service will support both Bitcoin (BTC) and Ethereum (ETH) options with 15 in-built trading strategies for the crypto options market including Condors, Bear Call Spread, Butterflies, and Long Straddle.

According to the post, the options bot can only be used on the Deribit platform at this time but this might change in the future.

Similar to other services offered on its platform, 3Commas informed that the crypto options bot will be easy to use with only five clicks required to set up the system.

The New Trading Bot is Easy to Use

Traders who use the tool will be able to find out how easy it is to customize and automate the trading with automatic calculation of purchase-size based on the state of the market.

The crypto options trading bot was created with various features on its arsenal including dynamic profit and loss tracking, risk-reward indicator, and seamless position closing before contract expiration.

The new launch of a crypto options bot is the latest in a series of developments and initiatives of 3Commas as 3Commas introduced an educational course on algorithmic cryptocurrency trading bots for users in the past, which aims to help users to understand the basics of trading with bots.

In addition to this, 3Commas teamed up with numerous crypto exchanges, such as Binance, OKEx, KuCoin, Bitfinex, BitMEX, and more.

Articles on Bitboy may contain affiliate links that help us to remain profitable. It might come as a surprise, but all these great articles aren't cheap to produce. If you don't mind helping us out, please click on the links!