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Capitalize on Bitcoin and Ethereum price action with Nadex UpDown Options, hedge against price declines, and gain 1:1 price movements without needing to own the coins.

Key benefits

Hedge crypto

Hedge against price declines in Bitcoin and Ethereum using UpDown Options to short the underlying market.

Effective leverage

Capture price action and gain 1:1 exposure to the token without needing to own the asset.

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.

Crypto UpDown Option contract specifications

Bitcoin Ethereum
Tick value $1 $1
Minimum tick size 1 1
Number of contracts 4 4
Range $500 $250
Expiration Weekly or when floor/ceiling touched Weekly or when floor/ceiling touched
Position limit 10 10
Underlying market Nadex BTC Index Nadex ETH Index
Settlement Cash-settled Cash-settled
Trading hours 23/5 (Sun-Fri)* 23/5 (Sun-Fri)*

*Nadex is open for trading from 6pm ET Sunday through 4:15 pm ET Friday, excluding end-of-day processing hours which occur between 5pm and 6pm ET on Monday through Thursday.  See full details for trading hours and holiday schedules.