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 against price declines and short the underlying market using UpDown Options.
Capture price action and gain exposure to a token without needing to own the asset itself.
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.
You’ve chosen to BUY.
Bitcoin UpDown Options have a $500 range with a predefined floor and ceiling level. When the price goes higher or lower than these levels, the contract is automatically closed out for a max profit or max loss.
By choosing to BUY, you’re predicting that the current price of Bitcoin will rise.
You’ll pay $100.
Since you are bullish and believe the market will rise, you pay the difference between the current market price and the floor.
Bitcoin is rising!
You can now choose to take profit on your position or hold to see if Bitcoin’s price hits the ceiling.
If you decide to take profit now and close your position early, you profit $200.
If you continue to hold until expiration, you will:
- Profit $400 if the price hits the ceiling of $20,400.
- Lose $100 if the price hits the floor of $19,900.
- Receive the $200 if you decide to exit right now.
You’ve closed your position early.
Congratulations!
You correctly predicted the price of Bitcoin would rise and closed your position to capture a profit.
In this scenario, you made a profit of $200.
You’ve opted to hold.
Congratulations!
You correctly predicted the price of Bitcoin would rise and it hit the ceiling of $20,400.
You’ve chosen to SELL.
Bitcoin UpDown Options have a $500 range with a predefined floor and ceiling level. When the price goes higher or lower than these levels, the contract is automatically closed out for a max profit or max loss.
By choosing to SELL, you’re predicting that the current price of Bitcoin will fall.
You’ll pay $100.
Since you are bearish and believe the market will fall, you pay the difference between the current market price and the ceiling.
Bitcoin is falling!
You can now choose to take profit on your position or hold to see if the Bitcoin’s price hits the floor.
If you decide to take profit now and close your position early, you profit $200.
If you continue to hold until expiration, you will:
- Profit $400 if the price hits the floor of $19,600.
- Lose $100 if the price hits the ceiling of $20,100.
- Receive the difference between $20,000 and the closing price if the contract is not knocked-out early.
You’ve closed your position early.
Congratulations!
You correctly predicted the price of Bitcoin would fall and closed your position to capture a profit.
In this scenario, you made a profit of $200.
You’ve opted to hold.
Congratulations!
You correctly predicted the price of Bitcoin would fall and it hit the floor of $19,600.
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.
