Options AI raises $4.1 million to offer advanced options trading to investors

Rick Steves

For many, a lack of innovation combined with inherent market complexities means the path to more advanced trading remains highly challenging. Options AI wants to change that.

get-rich-quick-scams-binary-options

Options AI has closed an oversubscribed $4.1 million seed round to develop its unique brokerage platform putting option spreads in the toolkit of retail investors.

The funding round was led by Akuna Capital, Optiver Principal Strategic Investments, and Miami International Holdings, Inc., with participation from ViewTrade Holdings.

John Foley, Chief Executive Officer of Options AI, commented: “Technology has helped fuel a resurgence in active investing, but it hasn’t levelled the playing field for retail investors.

“With options, the focus has been on getting investors to their first-trade, not improving access to more advanced trades. That puts retail investors at a disadvantage and is why we built Options AI to be the first platform where it’s as straightforward to trade multi-leg spreads as it is to buy a stock.

The options market has skyrocketed in recent years with a significant increase of retail investors in a move that has been partially fueled by government stimuli during the pandemic.

Options are attractive for retail traders seeking outsized returns and active investors wanting option spreads for purposes of income generation, to risk less capital, or as a stock alternative.

This market is very popular among professional traders and financial institutions as a hedging tool, but Options AI seems to be mostly addressing retail investors looking for a simple way to bet on the markets with a little help from artificial intelligence.

“It’s time to upgrade the entire options experience for retail investors. We’ve designed Options AI as a co-pilot through the options chain. A simple and intuitive interface that gives newer investors the confidence to graduate to spreads combined with powerful features to give savvy investors the most efficient trading experience”, chief executive Foley added.

For many, a lack of innovation combined with inherent market complexities means the path to more advanced trading remains highly challenging. Options AI wants to change that.

Read this next

blockdag

Top Crypto Highlights for Q2 2024: BlockDAG’s Astonishing 1120% Growth Compared to Solana’s Surge and Toncoin’s Market Triumph

Explore the latest highlights in cryptocurrency: Solana’s recovery, Toncoin’s record levels, and the rise of BlockDAG’s innovative technology.

Digital Assets

Ripple seeks $10 million penalty citing Terraform fine in SEC case

Ripple Labs wants to reduce the financial penalties proposed by the U.S. Securities and Exchange Commission (SEC) by leveraging recent fines imposed on Terraform Labs.

Digital Assets

Swiss regulator shuts down CoinShares’ partially-owned FlowBank

Switzerland’s financial regulator, FINMA, has closed FlowBank SA and placed it into bankruptcy due to severe breaches of capital requirements and other supervisory laws. This follows a series of enforcement actions against the bank that began in October 2021.

blockdag

Presale Power Players: 5 Crypto Presales Primed for Success in 2024 According to Experts

Unlock the potential of the best presale cryptos available now. See why experts recommend BlockDAG, Bitbot, eTukTuk, 99Bitcoins Token, and ButtChain.

Executive Moves

Paxos axes 65 jobs, cuts headcount to below 300

Stablecoin issuer Paxos has laid off 65 employees, equating to 20% of its staff, despite maintaining a robust financial standing.

Institutional FX

US sanctions trigger major shifts in Russian FX market, says Sergey Romanchuk

The U.S. sanctions imposed on June 12 against the Moscow Exchange and its clearing entity, the National Clearing Center (NCC), are set to cause massive disruptions in the Russian currency market, according to FX industry veteran Sergey Romanchuk.

blockdag

BlockDAG’s X1 Miner App Beta Sparks $49.2M Presale Rise; Uniswap & XRP Whales Getting Involved?

Experience BlockDAG’s meteoric 1120% presale rise, Uniswap’s UNI climbing 18%, and Ripple’s XRP anticipating ETF approval. Explore their latest breakthroughs!

Market News, Tech and Fundamental, Technical Analysis

GBPUSD Technical Analysis Report 13 June, 2024

GBPUSD currency pair can be expected to fall further toward the next support level 1.2700, which has been reversing the price from last month.

Institutional FX

U.S. sanctions halt dollar and euro trading on Moscow Exchange

New U.S. sanctions against Russia have led to the immediate suspension of trading in dollars and euros on the Moscow Exchange (MOEX), the country’s largest exchange group.

<