To place a single binary option trade, a trader selects an asset and predicts whether its price will be above or below a specific level (the strike price) at the option’s expiration time. If the prediction is correct, the trader receives a fixed return, typically ranging from 60% to 90% of the investment. If the prediction is incorrect, the traderTo place a single binary option trade, a trader selects an asset and predicts whether its price will be above or below a specific level (the strike price) at the option’s expiration time. If the prediction is correct, the trader receives a fixed return, loses the invested amount