Bitcoin binary options trading platform launched in Hangzhou

On March 28, 2016, Hangzhou Dongrui Electronic Technology Co., Ltd. held a press conference at Zhejiang International Hotel to launch the world's first Bitcoin binary options trading platform. Hangzhou Dongrui Electronic Technology Co., Ltd. CEO Li Zhen, Hangzhou Dongrui Electronic Technology Co., Ltd. CFO Shu Chang and General Manager Wang Chao attended the press conference. The press conference was attended by many guests. It is reported that this press conference has received widespread attention from Bitcoin enthusiasts and investors.

At the press conference, Li Zhen, CEO of Hangzhou Dongrui Electronic Technology Co., Ltd., first shared his experience with Bitcoin and briefly introduced Bitcoin. Unlike most currencies, Bitcoin does not rely on a specific monetary institution to issue it. It is generated through a large amount of calculations based on a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions, and uses cryptographic design to ensure the security of each link in the currency circulation.

Afterwards, Wang Chao, general manager of Hangzhou Dongrui Electronic Technology Co., Ltd., patiently and carefully explained to every guest at the press conference the registration, login and usage of Bitcoin's related network platform. After watching the demonstration carefully, the guests also put forward their own opinions and suggestions. General Manager Wang Chao responded to the guests' opinions one by one, so that everyone present had a clearer understanding of Bitcoin's network operating platform.

Guest representative He Qianming believes that binary options have the characteristics of simple transactions, controllable risks, rich returns, and stable income, which have led the global investment boom and quickly spread from Europe and the United States to the world, becoming the most popular and hottest investment method at present. On the other hand, the attribute of "world free currency" has attracted investors from all countries. However, the attitudes of various countries towards Bitcoin have caused Bitcoin transactions to enter a long-term sluggish market state. Investors from various countries have to switch to other investment products. Binary options are undoubtedly the best choice for investors.

In 2010, Bitcoin entered China. At present, the domestic Bitcoin industry has expanded from computing power, mining pools, mining equipment to spot trading, portal information, and futures trading. Bitcoin can be exchanged for currencies in most countries, and users can also use Bitcoin to purchase some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, Bitcoin can also be used to purchase items in real life.

In the early days of binary options trading, it was necessary to rely on trading contractors. In 2008, Options Clearing Corporation began to provide binary options trading to more investors through OTC. The American Stock Exchange (AMEX) and the Chicago Board Options Exchange (CBOE) followed closely and soon developed binary options trading to online trading, allowing individual investors to trade easily and conveniently. Binary options then entered an era of rapid development.

A prominent feature and investment advantage of binary options is that it only requires a price increase (even if it fluctuates by only one cent) compared to the strike price at the expiration date to obtain a high profit. Therefore, even in a quiet market, binary options can bring significant investment returns to investors. In contrast, if you buy financial products such as stocks or foreign exchange, then a large market fluctuation is required to obtain a positive investment return. Binary options are not options in the traditional sense, because unlike the original trading instruments, binary options do not give you the right to buy or sell the underlying asset, instead you have the right to receive a fixed return (usually between 65%-81%).

When asked about her view on the development trend of Bitcoin in China, guest Tong Guozhen said that she had only been in contact with Bitcoin for a short time. She first realized that Bitcoin is a digital commodity from BICbank. She thinks Bitcoin is a high-tech product. Given the current development of the Internet industry, she is still very optimistic about the development trend of Bitcoin in China. She added that as an investor, she also believes that Bitcoin, as a financial derivative, will become the main tool for efficient settlement and payment in the future Internet finance. She also said: "Last year, the People's Bank of China also held a corresponding digital currency seminar. From a policy perspective, it has basically recognized that the application of Bitcoin is worthy of research and encouragement. So as an investor, I am generally optimistic about the development trend of this industry in China."

It is reported that the decentralized nature and algorithm of P2P can ensure that the currency value cannot be artificially manipulated by mass production of Bitcoin. The design based on cryptography can ensure that Bitcoin can only be transferred or paid by the real owner. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total number is very limited and has a strong scarcity. The currency system had no more than 10.5 million in 4 years, and the total number will be permanently limited to 21 million thereafter.