OptionBlitz Is An Unregulated Options Broker And Trading Platform. The Broker Appears To Be Operating Entirely Online And Refers To Itself As A "decentralized Options And Social Trading Platform".
The Broker Supports Many Different Types Of Options Trading, Including Binary Options, Barrier Options, American Options, European Options, And So-called Turbo Options. In Addition To Options, Cryptocurrency-based Perpetual Futures Contracts (futures Contracts With No Expiration Date) Are Also Available Here.
The Broker Essentially Allows Anyone To Join As A User And Has No Know-your-customer (KYC) Or ID Verification Requirements.
Notably, Binary Options Are Banned In Many Countries And Regions Around The Globe, Including The European Union, The United Kingdom, And Australia. Traders Should Therefore Be Aware That OptionBlitz Operates In A Legal And Regulatory Grey Area, Meaning There Are Few Protections In Place In Case A Broker Goes Out Of Business.
OptionBlitz Uses A Network Infrastructure Powered By Arbitrum, A Fast Second-layer Network Built On Top Of The Ethereum Blockchain.
The Platform Built By OptionBlitz Has Been Audited For Security Purposes By Cerk, A Recognized Blockchain Audit Firm, Which Is Definitely A Good Sign.
OptionBlitz Offers Forex, Cryptocurrencies, Metals, Energy, Stocks, Indices...
In Addition To Trading, OptionBlitz Also Offers What Is Known As Staking In Crypto. This Works With OptionBlitz In That Users Can Deposit A Certain Amount Of Stablecoin USDC Either Alone Or In Combination With The Broker's Own BLX Tokens And Earn A Share Of The Broker's Profits In Return.
To Get Funding And Start Trading With OptionBlitz, All A Trader Needs To Do Is Connect An External Digital Wallet Such As MetaMask To The OptionBlitz Platform And Follow The Instructions There. Alternatively, The User Can Also Simply Log In Using Their Google Account And Then OptionBlitz Will Set Up A Dedicated Digital Wallet Where The User Can Top Up The Cryptocurrency From Another Wallet Under His Or Her Control.
All Deposits Should Be Made Using USDC, And Traders Who Do Not Already Hold USDC Can Buy Some By Using A Credit Card Or Bank Transfer.
We Are Pleased To See That OptionBlitz Seems To Have A Responsive Support Team That Can Be Easily Reached Through The Discord Channel And The Telegram Group. At The Time Of Writing, The Telegram Group Has Around 1,150 Members, And Brokers Regularly Post Relevant Updates In Group Chats About Website Maintenance, Changes In Trading Fees, And More.
Unfortunately, Any Phone Numbers And Physical Office Addresses Remain Undisclosed.
In Conclusion, We Would Like To Emphasize That OptionBlitz Is Completely Unregulated And It May Even Be Illegal In Some Jurisdictions To Offer Such A Trading Platform. However, Having Said That, The Platform Is Interesting And Offers Many Opportunities For People Who Want To Trade Options On Crypto-native Platforms.
