Thales platform is bringing binary options to Ethereum for users to hedge and speculate on the prices of crypto assets, commodities, equities, equity indices, and proprietary crypto indices.
Thales will be the hub for spinning up new binary options markets, swapping binary option position tokens on decentralized limit order books, and claiming the fruits of winning options positions and strategies.
This will allow users to hedge and speculate on the prices of crypto assets, commodities, and equities among others. Possible addressable markets down the line are sports betting and custom options.
All of this is available in a permissionless way (No KYC) on the Ethereum network.