Bitcoin is the first cryptocurrency to gain mainstream acceptance as a form of payment. It is also the fastest growing currency that can be traded and exchanged on major exchanges. Binary options brokers have also added it recently as an asset to be traded on their platforms.
Bitcoin was created in 2009 and was the first cryptocurrency in circulation and is based on a decentralized financial model, meaning there is no central bank for controlling and issuing the currency. It was launched by Satoshi Nakamoto, believed to be a pseudonym, after he published a paper on its implementation.
Bitcoin’s extreme short term volatility and its reaction to news and announcement make this an extremely interesting and potentially profitable asset to trade using binary options.
These are our favorite brokers for Bitcoin Binary Options Trading.