what is binary trading
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option.
Binary options (also known as binary trading) are financial options that come with one of two payoff options: a fixed amount or nothing at all. In such case, traders place trades based on whether they believe the answer is yes or no, making it one of the simplest financial assets to trade among others.