A One Touch Option is a type of binary option where the payout is based on whether the price of an underlying asset, like a cryptocurrency, reaches a predetermined level at least once during the option’s life. In this setup, an investor selects a price target, known as the “touch” level, and chooses whether they believe the asset’s price will hit or breach that level before the option expires. If the condition is met at any time during the option’s duration, the investor receives a fixed payout, regardless of where the asset’s price ends up at expiry.This option can be appealing because it requires only one price touch to trigger a payout, as opposed to traditional binary options, which depend on the asset’s price being above or below a specific level at expiration. It offers a potentially higher payout but also comes with higher risks, as market volatility can affect the likelihood of reaching the target price. Investors often use One Touch Options for hedging or speculation, but it’s essential to understand the risks involved before trading.