Read our expert-led reviews for the best crypto options platforms. Learn how to trade these popular derivative products safely.

According to our research, the best crypto options trading platforms are Binance and Bybit, while CoinFutures is a popular alternative for accessing 1000x leverage. These platforms are cost-effective, secure, and ideal for short-term trading strategies.

Options traders consider a wide range of metrics when selecting a broker, including safety, commissions, available markets, and premium prices. This guide explores the best places to trade Bitcoin and altcoin options in 2025. Read on to choose the right platform for you.

Key Takeaways

• Options are derivative instruments that enable traders to speculate on cryptocurrencies without owning the underlying assets.

• Traders enter positions by paying a “premium,” which gives them the right but not the obligation to buy or sell those cryptocurrencies at a later date.

• When choosing a platform for crypto options trading, consider security, supported markets, and trading tools.

• While CoinFutures offers simulated crypto futures, it’s the best option for trading digital assets with leverage.

• Those seeking conventional options contracts may consider Binance and Bybit for their extensive chains and deep liquidity.

The Best Crypto Options Platforms Ranked

Listed below are the top crypto options exchanges in 2025:

1. CoinFutures: Trade bitcoin and popular altcoins with 1000x leverage

2. Binance: Best choice for trading medium-term crypto options

3. Bybit: European options contracts for BTC, ETH, and SOL

4. Deribit: Top-rated crypto options wizard aimed at beginners

5. OKX: Buy and sell bitcoin options without using complicated chains

6. CME Group: Institutional-grade options markets for seasoned derivative traders

Comparing the Top Crypto Options Exchanges

Best Crypto Options Trading Platforms Reviewed

We tested and reviewed the best places for trading crypto options. Our methodology explored the most important factors for options traders, including available markets, strike prices, premiums, maturity dates, and fees. Let’s examine the top platforms in more detail.

1. CoinFutures: Regulated Platform With 1000x Leverage and Instant Withdrawals

CoinFutures is the overall best place to trade cryptocurrencies with high leverage. The platform, which is part of the CoinPoker group (a regulated poker site established in 2017), offers simulated crypto futures with leverage of up to 1000x. This high-leverage framework means staking just $20 provides users with $10,000 in market exposure.

CoinFutures offers the maximum leverage multiple on all supported markets, including the best meme coins like Dogecoin, SPX6900, and dogwifhat. Platform users can go long or short on any available crypto pair, and access risk-management tools like stop-losses and take-profits. Users can also trade manually and cash out their profits at any time.

Trade Bitcoin and altcoins with 1000x leverage

• Go long or short without purchasing premiums

• Backed by the reputable CoinPoker brand

• Deposit and withdraw crypto near-instantly

• Open an account without providing KYC details

Cons

• Does not offer real crypto options

• Market prices are simulated via algorithms

• Only suitable for short-term trading strategies

2. Binance: Trade Bitcoin and Ethereum Options With 12-Month Maturity Dates

Binance is the largest crypto exchange for spot trading and derivative volume, including futures and options. The options trading platform supports six cryptocurrencies: Bitcoin, Ethereum, BNB, Solana, XRP, and Dogecoin.

Bitcoin and Ethereum have the most extensive selection of maturity dates, ranging from one day to 12 months. This makes Binance one of the best options brokers for entering longer-term positions. Traders also rate Binance for its deep liquidity and comprehensive options chains. The BTC/USDT 12-month market, for instance, offers strike prices from $60,000 to $170,000.

Deep liquidity on six large-cap cryptocurrencies

• BTC and ETH options contracts range from daily to yearly

• Advanced charting tools include technical indicators

• Backed by the largest crypto exchange globally

• Fiat payments are available in some regions

Cons

• No discounted fees for market makers or large monthly volumes

• Dogecoin is the only supported meme coin

• Some markets come with limited strike prices and maturity dates

3. Bybit: Advanced Crypto Options Trading Tools Across Multiple Strategies

Founded in 2018, Bybit is a tier-one crypto exchange that offers a wide range of products, including spot trading, perpetual futures, and European options. The platform supports short and medium-term contracts for three options markets: Bitcoin, Ethereum, and Solana, each settled in USDT on the chosen expiry date.

Near-term maturity includes daily, weekly, and bi-monthly, while longer-term positions extend up to 12 months. Strike price selections are wide, and users can filter markets by Vega, Theta, Gamma, volume, APR, and other core metrics.

Supports advanced options trading strategies like straddles and covered calls

• Extensive options chains include daily, weekly, and bi-monthly

• Tier-one trading volumes and deep liquidity

• Withdraw up to 20,000 USDT daily without completing KYC

Cons

• The options dashboard supports just three digital assets

• Users from some IP address locations are restricted

• The Bybit platform was recently hacked by North Korean hackers

4. OKX: Streamline Crypto Predictions via Simplified Options Trading

OKX is a tier-one trading platform designed for both inexperienced and seasoned crypto investors.

First-time traders like the “simple” options dashboard, which eliminates requirements for fully-fledged options chains. Beginners enter their predicted price and maturity timeframe for BTC or ETH, and OKX lists available contracts. Each suggestion shows the estimated profit and loss and break-even price.

While the simple options tool lets users purchase their preferred contract instantly, only call contracts are supported. Those wishing to buy or sell puts must use the primary options chain. Alongside more flexible order types, the main options platform also offers more strike prices, contract maturities, and strategies.

Regulated tier-one exchange with institutional-grade liquidity

• Deposit funds with credit cards and other popular payment methods

• Offers options tools that cater to all experience levels

• The OKX ecosystem includes DeFi, non-custodial wallets, and OTC trading

Cons

• Options markets feature Bitcoin and Ethereum only

• The simple options platform only allows call contracts

• Customer support is poorly rated

5. Deribit: Optimal Contract Suggestions Based on Price Expectations

Deribit is a crypto derivatives platform with deep liquidity and extensive options chains for Bitcoin and Ethereum. It also supports Solana and XRP contracts, although with thinner strike price ranges and maturity dates.

While Deribit is one of the best crypto options trading platforms for advanced users, it also offers beginner-friendly tools. The Options Wizard, for example, lets users enter their expected price and timeframe, and the tool suggests the optimal contract based on the perceived value. It also displays the projected return on investment and premium value, so novice traders can easily determine their risk and reward.

Automatically suggests the best contract based on the expected price

• Allows multi-leg strategies and block trades

• Also supports perpetual futures and spot trading

• Offers a crypto options trading app for iOS and Android

Cons

• Complicated trading fee structure

• Does not allow withdrawals until KYC is completed

• U.S. clients are prohibited from joining

6. CME Group: Fully Regulated Bitcoin Futures With Full or Micro Contracts

CME Group is the only officially regulated Bitcoin options market in the sector. Full Bitcoin options have a minimum trade value of 1 BTC, while micro-futures reflect 1/10th of that contract amount.

Traders buy and sell contracts with other market participants, and expiration periods range from monthly to 18 months. Strike prices suit the most bearish and bullish of investors, with long-term contracts ranging from $80,000 to $170,000.

The best options trading platform for accredited investors in the U.S.

• Regulated tier-one exchange with institutional-grade liquidity

• Partners with licensed brokerage platforms

Cons

• Real Bitcoin options have a 1 BTC minimum

• The exchange has smaller trading volumes than many crypto derivative platforms.

• Not suitable for complete beginners

What are Cryptocurrency Options?

Options are derivative products that let traders speculate on cryptocurrencies without owning or controlling the underlying assets. They appeal to some crypto investors due to their significant market exposure and limited financial risk.

Options traders pay an upfront premium to unlock large trade sizes, and the potential losses remain limited to that premium. This is because options offer the Risk is a small fraction of the overall market exposure

• The potential financial loss is capped at the upfront premium

• Speculate on rising and falling crypto prices

• Successful options trades can yield substantial returns

• Contract maturities often range from one day to 12 months

• No liquidation risks for options buyers

Cons

• Limited market available compared to perpetual futures

• Options platforms often only support large-cap cryptocurrencies

• Beginners may find options chains complex and intimidating

• While losses are limited, consistently losing can lead to consequential amounts

How to Trade Crypto Options

This section explains how to trade cryptocurrencies on CoinFutures. Although CoinFutures offers simulated crypto futures, these share the same characteristics as conventional options. Platform users go long or short and can access leverage of up to 1,000x.

Read on to get started in under 10 minutes.

Step 1: Open an Account

Visit the CoinFutures website to register a new account. Click “Register”, enter an email address, and choose a nickname and password.

CoinFutures requires an email address, nickname, and password when opening a new account. Source: CoinFutures

Select “Register” again to complete the registration process. You will notice that, unlike many options trading platforms, CoinFutures supports privacy and anonymity.

Step 2: Download CoinPoker Client

CoinFutures is backed by the trusted CoinPoker brand, an established poker platform with casino and sports betting.

You need the CoinPoker client to trade simulated markets. The provider offers free desktop software and mobile applications. Select your preferred operating system to begin the download and installation.

Step 3: Log In and Deposit Funds

Open the CoinPoker client and sign in with your email address and chosen password. Then click the “Wallet” icon to make a deposit.

Traditional deposit methods include Google/Apple Pay, debit/credit cards from Visa and MasterCard, and PIX.

Most traders fund their accounts with cryptocurrencies, as payments are private, near-instant, and hassle-free.

CoinFutures users get near-instant payments when they deposit crypto. Source: CoinFutures

CoinFutures accepts Bitcoin and the best altcoins like USDT, USDC, and Ethereum. Crypto payments function similarly to depositing funds into an online exchange. Copy the unique deposit address and complete the payment from a private wallet.

Note: If you deposit cryptocurrencies, ensure you enter your private wallet address correctly. Sending assets from a different address may result in delays or returned funds. This is a security procedure to protect CoinFutures customers from potential threats.

Step 4: Choose a Crypto Leverage Market

Click the “Crypto Futures” button and choose a suitable trading market. 14 leveraged cryptocurrencies are available, from Bitcoin, Dogecoin, and Shiba Inu to Ethereum and Cardano.

Step 5: Place a Leveraged Crypto Trade

CoinFutures offers a user-friendly experience, even for first-time traders. There is no requirement to research options chains, strike prices, premiums, or maturity dates. Instead, start by choosing between “Up” or “Down”. The decision is based on whether you believe prices will rise or fall.

The CoinFutures trading dashboard is beginner-friendly. Source: CoinFutures

Now enter the wager amount. Similar to a premium, this represents the maximum amount you will risk on the leverage trade. If you speculate incorrectly, the wager amount is kept by the platform.

If you wish to trade with leverage, set your multiple from 2x to 1000x. Notice the “Bust” price update, which is effectively the liquidation price to avoid.

Click “Place Bet” to complete the trade.

Note: Switch to “Auto” to place stop-losses and take-profits. Otherwise, in “Manual” mode, traders open and close positions manually.

Conclusion

Crypto options offer the ideal balance between profit maximization and risk management. By paying a small premium, traders increase their position sizes while the potential financial loss is capped.

That said, inexperienced traders may find options chains, strategies, and principles intimidating. A more beginner-friendly option is trading simulated futures at CoinFutures. It offers 1000x leverage, a minimum trade size of $1, and the ability to go long or short.

FAQs

References

1. FBI Says North Korea Was Responsible for $1.5 Billion ByBit Hack (Reuters)

2. Perpetual Futures Contracts and Cryptocurrency Market Quality: Insights from Emerging Markets (Cornell SC Johnson College of Business)

3. Options Pricing (Merrill Lynch)

4. Options Premium and the Greeks (CME Group)