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WebJan 15, 2024 · In brief, a binary option is a type of financial option that can either pay off a fixed amount for nothing at all. Anyone trading a binary option needs to ask whether an underlying asset will be above a certain price at a specific time (called the expiry date or … WebWhat is a Binary Option? A binary option is a type of options contract in which the payout depends entirely on the outcome of a yes/no proposition and typically relates to whether the price of a particular asset will rise … first year of the kentucky derby
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