We’ve been working on this one for quite some time now, but we’re very excited to present you guys with AgoraDesk, which happens to be the world’s first P2P OTC cryptocurrency options exchange. With physical settlement, no less. And straight out of the gate we support BTC-based contracts.

Features

AgoraDesk’s features include:

  • No KYC/AML or verification (though some traders on the platform might ask you for verification themselves);

  • Any currency, any payment method, anywhere;

  • Cash and online Bitcoin trading (just like the other Local* sites);

  • Bitcoin options trading (calls & puts);

  • Options are settled physically (i.e. with the underlying BTC);

  • Call options support both gross settlement and net settlement;

  • Accounts, reputation and XMR ads/trades are completely shared with LocalMonero;

  • Onion portal;

  • I2P portal;

  • No-JavaScript version of the site (loads by default when accessing from Tor or I2P);

  • Fully functional when Google is blocked by your browser;

  • Affiliate program – earn commission for inviting trading users;

  • Multilingual: we support English, Russian, Chinese (both simplified and traditional), Italian, Portuguese and Spanish;

  • Mobile notifications through telegram, so that you won’t have to install yet another app on your phone just to get push notifications about your trades;

  • Beautiful ads through the use of Markdown;

  • 2FA (with TOTP apps like Google Authenticator or andOTP);

  • Deposit and withdraw currencies other than BTC through MorphToken integration;

  • Complicated pricing mechanisms through the use of price/premium formulas, not just for spot trading but also for options and their premiums;

As can be noticed from our feature set, AgoraDesk has quite the privacy bent.

Why P2P OTC options?

Because until today one could only have access to these sorts of instruments if they went through tedious verification processes of the centralized exchanges. In addition, many countries/regions (even the US in some instances) are simply banned from accessing these instruments on most popular centralized exchanges. Since our platform is completely P2P and OTC (no standardized instruments), we can afford not to impose any such restrictions.

Leveraged Trading for All

Call options (i.e. the right to buy), for instance, can serve as an alternative to a leveraged long position upon the underlying asset. If you buy a call option for an underlying of $100 worth of BTC for a premium of $1 then you’re in a position similar to a x100 leveraged long position. Initially, you only pay the $1 premium to the call option seller, and if the price increases x2 then you profit $99. Pay $1, get 100$. If the price drops, you simply let your call option expire, and your losses are limited to the premium you payed – $1.

Put options (i.e. the right to sell), likewise, can serve as alternatives to a leveraged short position.

Risk Hedging for All

In addition to “leveraged trading”, calls and puts can be used to hedge yourself against price fluctuation risks if you happen to receive or make payments in BTC.

For example, you sell artworks and receive payment in BTC. Every month you pay expenses in USD: rent, electricity, internet bills, food, and so on. Assume your monthly USD expenses are $1000. Under the current BTC price, you make enough per month to cover your expenses, but you are worried that a sudden drop in the price might affect your ability to pay at the end of the month. To guard against this, you simply buy a put option with an underlying of $1000 worth of BTC that expires at the end of the month. If the price goes up – you let the option expire, sell your BTC on the spot market and reap the profit. If the price goes down – you exercise the option and are able to cover your expenses despite the price going down.

These and many more advantages to be reaped from being able to trade options in a P2P OTC manner are now, for the first time in the cryptocurrency industry, available to the you.


Find us:

Site: https://agoradesk.com

Onion portal

I2P portal

Reddit: /r/AgoraDesk

Telegram: @AgoraDesk



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AgoraDesk! An Unprecedented Local* (i.e. P2P OTC) Exchange That Supports Trading Bitcoin But Also Physically BTC-based Option Contracts! This Is The First Exchange Of Its Kind. Trade BTC And BTC Options As You'd Trade BTC On LocalBitcoins! : Bitcoin
AgoraDesk! An Unprecedented Local* (i.e. P2P OTC) Exchange That Supports Trading Bitcoin But Also Physically BTC-based Option Contracts! This Is The First Exchange Of Its Kind. Trade BTC And BTC Options As You'd Trade BTC On LocalBitcoins! : Bitcoin
AgoraDesk! An Unprecedented Local* (i.e. P2P OTC) Exchange That Supports Trading Bitcoin But Also Physically BTC-based Option Contracts! This Is The First Exchange Of Its Kind. Trade BTC And BTC Options As You'd Trade BTC On LocalBitcoins! : Bitcoin
AgoraDesk! An Unprecedented Local* (i.e. P2P OTC) Exchange That Supports Trading Bitcoin But Also Physically BTC-based Option Contracts! This Is The First Exchange Of Its Kind. Trade BTC And BTC Options As You'd Trade BTC On LocalBitcoins! : Bitcoin

AgoraDesk! An Unprecedented Local* (i.e. P2P OTC) Exchange That Supports Trading Bitcoin But Also Physically BTC-based Option Contracts! This Is The First Exchange Of Its Kind. Trade BTC And BTC Options As You'd Trade BTC On LocalBitcoins! : Bitcoin

AgoraDesk! An Unprecedented Local* (i.e. P2P OTC) Exchange That Supports Trading Bitcoin But Also Physically BTC-based Option Contracts! This Is The First Exchange Of Its Kind. Trade BTC And BTC Options As You'd Trade BTC On LocalBitcoins! : Bitcoin