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April 10, No Comments A binary option is a financial product where the buyer receives a payout or loses their investment, based on if the option expires in the money. At the time of expiry, the price of the underlying asset must be on the correct side of the strike price based on the trade taken for the trader to make a profit. The trader makes a decision, either yes it will be higher or no it will be lower. Traders receive a payout if the binary option expires in the money and incur a loss if it expires out of the money.
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