Blockchain.com debuts BTC, ETH, SOL, and HYPE options months after perpetuals launch
Eligible users can buy calls and puts on seven tokens including BTC, ETH and SOL, with expiries of up to one week and losses capped at the upfront premium.
Blockchain.com has launched options trading within its Trading Account, allowing eligible users to buy call and put options on seven cryptocurrencies, including Bitcoin, Ether and Solana.
The service, announced Tuesday, also supports Hyperliquid (HYPE), Avalanche (AVAX), XRP and TRON (TRX), with contracts initially offering expiries of up to one week.
Users can select a target price, expiration date and trade amount through the Blockchain.com app, which automatically structures the corresponding call or put option.
Trades are funded upfront using USDC, with the premium paid representing the maximum potential loss. Positions must be held until settlement, and access is limited to eligible users in supported jurisdictions.
Blockchain.com expands derivatives offerings
The launch follows Blockchain.com’s introduction of perpetual futures trading in April, which enabled users to trade leveraged crypto contracts through its DeFi wallet using infrastructure powered by Hyperliquid.
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Taro Ugen, vice president of consumer at Blockchain.com, said the company designed the options service to simplify a trading process that can be difficult to navigate across existing platforms.
The new interface focuses on three decisions: where users expect prices to move, when they expect that movement and how much capital they want to commit.
The expansion also follows Blockchain.com’s October 13 announcement that it had applied for two CFTC registrations to offer regulated derivatives and prediction markets in the US.
The applications seek authorization to operate as a futures commission merchant and designated contract market, potentially allowing the company to offer futures, options and event contracts to US customers if approved.