Access crypto derivatives at Crypto.com

Nadex UpDown Options allow you to potentially profit from changes in crypto prices across a range of coins, without needing to own the coins themselves. UpDown Options also allow you to gain effective leverage, with pre-defined profit target and guaranteed stop-loss levels.

Key benefits

Hedge crypto

Hedge against price declines and short the underlying market using UpDown Options.

Effective leverage

Capture price action and gain exposure to a token without needing to own the asset itself.

Built-in protection

UpDown Options have a clearly defined profit target and stop loss level built into the contract. You always know your max profit and loss before entering a trade.

How to trade crypto UpDown Options

Use our interactive, real-world demonstration below to learn how to trade crypto UpDown Option contracts.

The current price of Bitcoin is $20,000.

There will always be 4 UpDown Options to choose from. No matter if you’re bullish or bearish you can select an UpDown Option with the optimal risk/reward ratio.

For this example we’ll look at the highest and lowest UpDown Option levels.

Do you think the price of Bitcoin will go up or down? Choose your option below.

Cryptocurrency Contract Specifications

Bitcoin
Tick value $1
Minimum tick size 1
Number of contracts 4
Range $500
Expiration Weekly or when floor/ceiling touched
Position limit 10
Underlying market Nadex BTC Index
Settlement Cash-settled
Trading hours 24/7*
Ethereum
Tick value $2.50
Minimum tick size 1
Number of contracts 4
Range $100
Expiration Weekly or when floor/ceiling touched
Position limit 10
Underlying market Nadex ETH Index
Settlement Cash-settled
Trading hours 24/7*
Litecoin
Tick value $1
Minimum tick size 0.05
Number of contracts 4
Range $5
Expiration Weekly or when floor/ceiling touched
Position limit 250
Underlying market Nadex LTC Index
Settlement Cash-settled
Trading hours 24/7*
Bitcoin Cash
Tick value $1
Minimum tick size 0.10
Number of contracts 4
Range $100
Expiration Weekly or when floor/ceiling touched
Position limit 250
Underlying market Nadex BCH Index
Settlement Cash-settled
Trading hours 24/7*
Bitcoin
Open time (Eastern time) Friday 11pm
Open time (Eastern time) Every 20 minute starting at 11:20pm on Friday; Friday's final expiration at 4pm
Contract Duration 20-minutes
Trading Hours 24/7*
Contract Value $10
Tick Size 0.1
Tick Value $0.10
Number of Strikes 9
Strike Width 17
Position Limit 25000
Settlement Currency USD
Bitcoin
Open time (Eastern time) Friday 11pm
Open time (Eastern time) Hourly, Saturday 1am-Friday 4pm
Contract Duration 2-hour
Trading Hours 24/7*
Contract Value $10
Tick Size 0.1
Tick Value $0.10
Number of Strikes 9
Strike Width 40
Position Limit 25000
Settlement Currency USD
Ethereum
Open time (Eastern time) Friday 11pm
Open time (Eastern time) Every 20 minute starting at 11:20pm on Friday; Friday's final expiration at 4pm
Contract Duration 20-minutes
Trading Hours 24/7*
Contract Value $10
Tick Size 0.1
Tick Value $0.10
Number of Strikes 9
Strike Width 1.30
Position Limit 25000
Settlement Currency USD
Ethereum
Open time (Eastern time) Friday 11pm
Open time (Eastern time) Hourly, Saturday 1am-Friday 4pm
Contract Duration 2-hour
Trading Hours 24/7*
Contract Value $10
Tick Size 0.1
Tick Value $0.10
Number of Strikes 9
Strike Width 3
Position Limit 25000
Settlement Currency USD
Litecoin
Open time (Eastern time) Friday 11pm
Open time (Eastern time) Every 20 minute starting at 11:20pm on Friday; Friday's final expiration at 4pm
Contract Duration 20-minutes
Trading Hours 24/7*
Contract Value $10
Tick Size 0.1
Tick Value $0.10
Number of Strikes 9
Strike Width 0.085
Position Limit 25000
Settlement Currency USD
Litecoin
Open time (Eastern time) Friday 11pm
Open time (Eastern time) Hourly, Saturday 1am-Friday 4pm
Contract Duration 2-hour
Trading Hours 24/7*
Contract Value $10
Tick Size 0.1
Tick Value $0.10
Number of Strikes 9
Strike Width 0.20
Position Limit 25000
Settlement Currency USD
Bitcoin Cash
Open time (Eastern time) Friday 11pm
Open time (Eastern time) Every 20 minute starting at 11:20pm on Friday; Friday's final expiration at 4pm
Contract Duration 20-minutes
Trading Hours 24/7*
Contract Value $10
Tick Size 0.1
Tick Value $0.10
Number of Strikes 9
Strike Width 0.24
Position Limit 25000
Settlement Currency USD
Bitcoin Cash
Open time (Eastern time) Friday 11pm
Open time (Eastern time) Hourly, Saturday 1am-Friday 4pm
Contract Duration 2-hour
Trading Hours 24/7*
Contract Value $10
Tick Size 0.1
Tick Value $0.10
Number of Strikes 9
Strike Width 0.6
Position Limit 25000
Settlement Currency USD

*Crypto UpDown Options open for trading at 11pm ET on Friday and expire at 4.15pm ET the following Friday, unless the floor/ceiling is touched beforehand.