Trading Bitcoin options can be an effective way to generate income in the cryptocurrency market.
You have several platforms to choose from in 2025, each offering different features and tools for both beginners and experienced traders.
The safest and most reliable platforms for Bitcoin options trading include Deribit, Binance Futures, and Bitcoin.com, which provide advanced trading tools while maintaining strong security measures.
Before you start trading Bitcoin options, it’s important to understand how these financial instruments work.
Options give you the right, but not the obligation, to buy or sell Bitcoin at a specific price before a certain date.
This strategy can help you hedge against market volatility or speculate on price movements without owning the actual cryptocurrency.
Top Platforms To Trade Bitcoin Options
1) Deribit Exchange
Deribit is a leading cryptocurrency options and futures exchange established in 2016. The platform has built a strong reputation among professional traders, investment firms, and hedge funds. Deribit specializes in Bitcoin and Ethereum derivatives.
When trading options on Deribit, you get access to European-style contracts with various strike prices and expiration dates.
The platform offers both call and put options, giving you flexibility to implement different trading strategies.
Their advanced interface includes professional charting tools and Greeks calculations.
Deribit uses a maker-taker fee model, with taker fees ranging from 0.03% to 0.05% for options trading.
You can qualify for lower fees as your trading volume increases. High-volume traders enjoy significant discounts through their tiered fee structure.
The exchange primarily focuses on Bitcoin and Ethereum options, the two most liquid crypto assets.
Settlement is done in the respective cryptocurrency (BTC or ETH) rather than in stablecoins, which may affect your risk management strategy.
Deribit caters to intermediate and advanced traders.
The platform might feel overwhelming if you’re new to options trading, but they provide educational resources to help you understand complex derivatives concepts.
Security is a priority at Deribit, with most funds kept in cold storage and mandatory two-factor authentication.
The platform is not available to users in the United States due to regulatory restrictions.
2) Delta Exchange
Delta Exchange is a specialized cryptocurrency derivatives platform with a strong focus on options trading. The platform offers futures and options contracts for Bitcoin and Ethereum, making it a dedicated venue for crypto derivatives traders.
You can trade perpetual swap contracts and fixed maturity futures on the exchange.
For options traders specifically, Delta Exchange provides both call and put options on major cryptocurrencies like BTC and ETH.
The platform offers efficient margining and 24/7 open markets, which gives you flexibility to trade at any time.
This continuous access is particularly valuable in the volatile crypto market where prices can change rapidly.
Delta Exchange supports INR (Indian Rupee) settlement, making it especially appealing to traders in India. This local currency option can reduce conversion fees for Indian users.
You can access Delta Exchange through both web and mobile platforms.
Their mobile app is available on both Apple’s App Store and Google Play, allowing you to trade crypto options on the go.
The exchange positions itself as a premier destination for cryptocurrency options trading.
It offers a comprehensive environment for both beginners and experienced traders looking to engage with Bitcoin and Ethereum derivatives.
3) Binance Options Platform
Binance Options Platform is one of the leading places to trade Bitcoin options in 2025. Established in 2017, Binance has grown to become a trusted name in cryptocurrency trading with a robust options platform that serves millions of traders worldwide.
The platform offers European-style options on major cryptocurrencies including Bitcoin, Ethereum, and Solana.
You can trade with settlement in USDT, making it easier to manage your positions without worrying about cryptocurrency price fluctuations outside your trades.
Binance uses a maker-taker fee model for options trading, with fees ranging from 0.02% to 0.04% depending on your trading volume.
VIP users enjoy lower fees through their tiered system, rewarding active traders with better rates.
The user interface is designed to accommodate both beginners and experienced traders.
You’ll find educational resources to help you understand options strategies and an intuitive order entry system that prevents common mistakes.
Security is a priority with mandatory two-factor authentication, cold storage for most funds, and an insurance fund to protect users.
Binance complies with regulations in multiple jurisdictions, though availability varies by country.
You can access the platform via web browsers or mobile apps for iOS and Android, giving you flexibility to trade options wherever you are.
4) OKEx Options
OKEx, now known as OKX, offers a robust platform for trading Bitcoin options since its founding in 2017. The exchange has built a solid reputation as a comprehensive crypto derivatives platform with a focus on security and advanced trading features.
OKX supports Bitcoin options trading with both American and European-style contracts.
You can trade BTC options with various expiration dates, giving you flexibility to match your trading strategy.
Their platform includes helpful tools like real-time Greeks calculations and advanced charting to help with your decision making.
The fee structure at OKX is competitive, with maker fees starting at 0.02% and taker fees at 0.03%.
You can benefit from fee discounts based on your trading volume and OKB token holdings.
Beyond Bitcoin, OKX offers options trading for Ethereum and several other cryptocurrencies.
All contracts are USDT-settled, which simplifies your portfolio management and reduces conversion costs.
The platform caters to both beginners and advanced traders with an intuitive interface.
You can practice with their demo account before risking real funds. Their mobile app allows you to trade options on the go.
OKX maintains strong security protocols including offline cold storage for the majority of funds and mandatory two-factor authentication.
5) Bit.com
Bit.com stands as one of the earliest and most professional cryptocurrency options exchanges in the market. Founded several years ago, the platform has established a solid reputation for offering institutional-grade security and liquidity.
The exchange provides a comprehensive suite of trading options including Spot, Futures, and Options.
You can trade Bitcoin options with leverage of up to 10x, giving you flexibility to manage risk and capitalize on market volatility.
Key Features:
- USD-margined options trading
- Support for BTC, ETH, TON, and other altcoins
- Leverage up to 10x
- Institutional-grade security
- Full trading suite (Spot, Futures, Options)
Bit.com’s platform is designed to help you take advantage of market movements while maintaining control over your risk exposure.
The exchange offers an innovative trading environment that caters to both experienced and developing traders.
You’ll find the platform provides a secure and regulated environment for your cryptocurrency options trading.
This is particularly important in today’s market where regulation has become increasingly significant.
Supported Assets:
- Bitcoin (BTC)
- Ethereum (ETH)
- TON
- Various altcoins
The exchange uses USD-margined contracts, which can help you avoid some of the complications that come with cryptocurrency-margined options.
This feature makes position sizing and risk management more straightforward, especially if you’re used to traditional finance.
Bit.com combines professional-level tools with user-friendly interfaces, making it accessible whether you’re new to options trading or have extensive experience.
6) CME Group Bitcoin Options
CME Group offers regulated Bitcoin options trading on its established exchange platform. Founded in 1898 as the Chicago Butter and Egg Board, CME has evolved into one of the world’s most respected derivatives marketplaces.
Their Bitcoin options are based on Bitcoin futures contracts, providing you with a regulated way to gain exposure to cryptocurrency markets.
These options are centrally cleared through CME Clearing, eliminating counterparty risk when you trade.
CME offers both standard Bitcoin options and Micro Bitcoin options.
The standard contracts are based on 5 Bitcoin, while Micro contracts are 1/10 the size (0.1 Bitcoin), making them more accessible if you have a smaller trading budget.
You’ll find European-style options at CME, meaning contracts can only be exercised on the expiration date.
This feature provides clarity on settlement timing and helps with risk management.
Trading fees at CME are tiered based on your membership status and trading volume.
While generally higher than crypto-native exchanges, you’re paying for regulatory oversight and institutional-grade security.
CME’s platform caters primarily to institutional traders and sophisticated investors.
You’ll need to access these options through a futures commission merchant rather than trading directly on the exchange.
A key advantage is the margin efficiencies CME offers.
You can offset margin requirements across your cryptocurrency derivatives positions, potentially reducing your capital requirements.
7) Huobi Futures & Options
Huobi, now rebranded as HTX, offers a comprehensive derivatives platform for trading Bitcoin options. Founded in 2013, HTX has established itself as one of the major crypto exchanges with a strong focus on derivatives trading.
The platform provides both Bitcoin and Ethereum options trading with leverage up to 1000x.
You can access European-style options contracts with various expiration dates to match your trading strategy.
HTX’s advanced charting tools help you analyze market movements before placing trades.
Fee structures at HTX are competitive, with maker-taker models that reward high-volume traders.
The platform typically offers lower fees compared to some Western exchanges, making it attractive for frequent options traders.
For assets, HTX currently supports BTC and ETH options with USDT settlement.
This means you can trade these popular crypto options while keeping your collateral in stablecoins to reduce volatility exposure.
The platform caters to intermediate and advanced traders.
You’ll find their web interface relatively straightforward, though newer traders might need time to understand all the features.
To get started, visit the HTX website, navigate to “Derivatives” and select “Options” from the dropdown menu.
HTX implements strong security measures including cold storage and two-factor authentication.
The exchange operates globally but has restrictions in some jurisdictions, so check availability in your region.
8) OptionsPlay for Bitcoin
OptionsPlay has become a notable platform for Bitcoin options trading in 2025. The platform focuses on education and automated trading solutions, making it accessible to traders who want to generate passive income through cryptocurrency options.
OptionsPlay provides tools that help you learn and automate your Bitcoin options trading strategies. This saves you time and helps develop consistent income streams from crypto derivatives.
The platform offers guided options strategies specifically for Bitcoin and other major cryptocurrencies.
You can access their automated “Wheel” strategy, which many traders use to generate monthly income from Bitcoin’s price movements.
Their interface is designed for both newcomers and experienced traders.
You can easily analyze market conditions and receive strategy recommendations based on current Bitcoin price action.
OptionsPlay charges competitive fees compared to crypto-native exchanges.
Their tiered pricing structure rewards frequent traders with lower costs as your trading volume increases.
The platform includes educational resources that explain Bitcoin options concepts in simple terms.
This makes it easier for you to understand how to hedge your crypto holdings or speculate on price movements.
Security is a priority with standard protections like two-factor authentication and encrypted connections.
You can test strategies using their demo environment before committing real funds to trades.
9) LedgerX Trading
LedgerX is a fully regulated derivatives exchange that specializes in Bitcoin options trading. Established as one of the first CFTC-approved platforms for crypto derivatives, it provides U.S. residents with a legal way to trade Bitcoin options.
The platform offers hourly cash-settled Bitcoin binary options, giving you precise tools to manage Bitcoin price risk throughout the trading day.
This feature stands out for traders looking to make short-term bets on Bitcoin’s price movements.
LedgerX primarily focuses on Bitcoin options contracts with American-style settlement, allowing exercise before expiration.
The interface is designed for both institutional clients and retail traders who need advanced features.
Trading fees on LedgerX are competitive in the 2025 market, with a straightforward structure that appeals to active traders.
You’ll find the costs transparent compared to offshore alternatives.
Security is a major strength, with the platform maintaining strict regulatory compliance as a CFTC-regulated entity.
This regulation provides you with protection that unregulated offshore exchanges cannot match.
The platform offers a mobile app that lets you manage positions on the go.
You can monitor the market, place trades, and adjust your strategy from anywhere.
Security Features
Security should be your top priority when selecting a Bitcoin options trading platform.
Look for exchanges that offer two-factor authentication (2FA) to protect your account from unauthorized access.
Cold storage of assets is another essential feature, as it keeps the majority of funds offline and safe from hackers.
Reputable platforms like Binance and Coinbase implement this security measure.
Check if the platform has insurance coverage for digital assets. This provides an additional safety net if a breach occurs.
Verify the platform’s history regarding security incidents.
Established exchanges with clean security records like Deribit tend to be more trustworthy for options trading.
Fee Structures
Understanding fee structures helps you maximize your trading profits.
Most Bitcoin options platforms charge fees in several ways:
Trading fees:
- Maker fees: 0.02% to 0.10% (for adding liquidity)
- Taker fees: 0.05% to 0.20% (for removing liquidity)
Other potential costs:
- Deposit/withdrawal fees
- Exercise fees
- Settlement fees
Platforms like Bybit often offer tiered fee structures based on your trading volume. Higher volume typically results in lower fees.
Some exchanges provide fee discounts when using their native tokens.
For example, using Binance’s BNB token can reduce your trading costs significantly.
Compare fee schedules across multiple platforms before deciding. The cheapest option isn’t always best if it lacks essential security features or trading tools.
Frequently Asked Questions
Trading Bitcoin options raises many common questions about platforms, costs, and strategies. Here are answers to the most frequently asked questions to help you make informed trading decisions.
What are the best platforms for trading Bitcoin options in the US?
For US traders, CME Group offers regulated Bitcoin options with high liquidity and institutional-grade security. They require a licensed futures broker to access their platform.
Some US traders use Delta Exchange, though with certain restrictions. This platform offers various crypto options with good liquidity.
US traders should note that Deribit, while popular globally, isn’t officially available to US residents without using a VPN, which may violate terms of service.
Which apps are recommended for trading crypto options on mobile devices?
Binance offers one of the best mobile apps for trading Bitcoin options with a user-friendly interface and advanced charting tools. Their app provides full functionality of their web platform.
OKEx has a highly rated mobile app that supports options trading with real-time market data and quick execution features.
Delta Exchange’s mobile app is also popular, allowing traders to manage positions, set alerts, and execute trades on the go.
How do you interpret the Bitcoin options chain for better trading decisions?
The options chain shows available strike prices and expiration dates. Look for open interest to gauge market activity at specific strike prices.
Pay attention to implied volatility within the chain. Higher values suggest the market expects larger price movements.
The put/call ratio in the chain can indicate market sentiment. A higher ratio of puts to calls might suggest bearish expectations, while the opposite could indicate bullishness.
What factors affect the price of Bitcoin call options?
Bitcoin’s current price relative to the strike price directly impacts call option values. The closer Bitcoin is to surpassing the strike price, the more valuable the call option becomes.
Time until expiration affects pricing. Longer expiration periods typically command higher premiums as there’s more time for favorable price movements.
Market volatility significantly influences option prices. Higher volatility periods usually lead to more expensive options as the probability of hitting strike prices increases.
What are the typical fees associated with trading Bitcoin options on platforms like Deribit?
Deribit typically charges a maker fee of -0.02% (rebate) and a taker fee of 0.03% for options trades. High-volume traders often receive fee discounts.
Most platforms charge additional settlement fees when options expire in-the-money, usually between 0.015% and 0.05% of the settlement value.
Exercise fees may apply when you choose to exercise an option before expiration, typically ranging from 0.02% to 0.05% depending on the platform.
Are there specific platforms that offer bitcoin ETF options trading?
CME Group now offers options on Bitcoin ETF futures, providing regulated exposure to Bitcoin ETF price movements without directly owning the ETF.
Traditional brokerages like Interactive Brokers and TD Ameritrade offer options trading on spot Bitcoin ETFs that were approved in early 2024.
These ETF options provide a regulated alternative for traders who prefer to stay within the traditional financial system while gaining exposure to Bitcoin price action.
