Binary options concept has for a long time been in play. Binary options trading also considered as digital options trading. For a long period, this kind of investment has been a vehicle which has remained to be exercised by the elite investors. During these times, it was done as an over the counter procedure and was not regulated. Basically, this involves signing of a contract that will only end up with a profit of about 70% of the initial investment or a loss.
Speaking about binary options history, the first notable major event that changed how binary options trading was done happened in 1973 after the Chicago Board of Trade came up with the first arranged options trading by developing the Chicago Board Options Exchange (CBOE). This was the first platform of its kind and has since been the biggest in the world.