Do you need an bitcoin options exchange?

[wangxinxi]

I just launched a bitcoin options exchange https://coinut.com, which is a fair market for you to trade instead of betting, and I don't participate in any trades.
It seems that not many people buy it. Do you actually need it? Or it's simply because you just don't know its existence? What do you say?

[HeroCat]

I think you must make better site and then all go smoothly 
You can try to get some advice on this - may be even free of charge

[krishatnet]

First bitcoin options site good luck with your site. Nobody buying put options.

[wangxinxi]

First bitcoin options site good luck with your site. Nobody buying put options.

I saw you registered. Are you interested in selling put options?

[master5]

I think you must make better site and then all go smoothly 
You can try to get some advice on this - may be even free of charge

Totally agree...

[wangxinxi]

I think you must make better site and then all go smoothly 
You can try to get some advice on this - may be even free of charge

Thanks. Do you have any specific suggestions?

[FattyMcButterpants]

A bitcoin options exchange needs to be very well trusted, which you are not. It would also need to be very well funded to protect itself against defaults by traders so it can keep traders "whole" when they have a profitable trade.

It would be a much better idea to start a reputable exchange and then expand into options trading instead of getting directly into options trading.

[wangxinxi]

A bitcoin options exchange needs to be very well trusted, which you are not. It would also need to be very well funded to protect itself against defaults by traders so it can keep traders "whole" when they have a profitable trade.

It would be a much better idea to start a reputable exchange and then expand into options trading instead of getting directly into options trading.

Our risk is the same as a normal exchange because we currently support binary options only. Users' maximum loss can be determined beforehand and thus can be fully covered by margin. Therefore there is no need to worry about defaults by traders.