Best Bitcoin Options Trading Platform in 2025

Best Bitcoin Options Trading Platform in 2025 – List

So, what are the best options trading platforms for Bitcoin? We reviewed dozens of platforms and made a shortlist of the most trusted platforms, just for you!

1. MEXC – Simple Bitcoin Options Trading
2. Kraken – Confident Bitcoin Options Trades
3. Margex – Leverage Your Bitcoin Options
4. OKX – Advanced Bitcoin Options Platform
5. BingX – Bitcoin Options for Every Trader
6. ByBit – Fast Bitcoin Options Execution
7. Coinbase – Secure Bitcoin Options Trading
8. Binance – Flexible Bitcoin Options Choices

1. MEXC – Simple Bitcoin Options Trading

MEXC stands out as a major global crypto exchange for Bitcoin options trading, praised by millions of traders for high trading volume, low fees, and advanced technical infrastructure. The platform processes up to 1.4 million transactions per second, highlighting rapid order execution and minimal latency.

MEXC’s 24-hour futures trading volume frequently exceeds $18 billion, where the BTC/USDT pair alone accounts for over $2.6 billion daily. The platform ensures tight spreads and reliable price accuracy for options trading.

You can access trade leverage of up to 200x on selected Bitcoin options and futures contracts. MEXC allows significant capital efficiency and diverse trading strategies. The platform’s trading engine maintains an average bid-ask spread of 0.157%, so you experience minimal slippage even during volatile periods.

In addition, the exchange serves over 30 million users across more than 170 countries for deep order books and constant market activity. It also features an intuitive user interface that is accessible to both beginners and experienced traders. You can deposit funds using credit/debit cards, bank transfers, P2P trading, and a wide range of payment methods.

However, fiat withdrawal options remain limited, especially outside of EUR, VND, RUB, and KRW, which may require you to transfer assets to another exchange for cashing out.

MEXC Recent Trade Stats (June, 2025)

MEXC trading fees are among the lowest in the industry. Spot trading fees are 0.05% for both maker and taker orders, while futures trading fees drop to 0.01% for takers and 0% for makers. If you hold MEXC’s native MX token, you can reduce your fees even further. The platform also supports demo trading, so you can practice strategies without risking real funds.

MEXC also frequently lists new tokens and offers a broad selection of trading pairs. You can take advantage of staking options, referral programs, and regular promotional events. Despite its many strengths, the lack of comprehensive fiat off-ramping and occasional reports of liquidity issues on less popular pairs are notable drawbacks.

MEXC Pros and Cons

2. Kraken – Confident Bitcoin Options Trades

Kraken ranks among the top cryptocurrency exchanges for Bitcoin options trading. It combines high liquidity, regulatory compliance, and advanced trading tools. The platform processes $1.13 billion in daily trading volume across all markets, with Bitcoin dominating a significant share of this activity.

Kraken’s 24-hour BTC/USDT options volume averages $310 million, used by over 8 million active traders and institutional clients.

You can trade Bitcoin options with up to 50x leverage, though most users opt for conservative levels due to market volatility. The platform’s average execution speed of 45 microseconds ensures minimal slippage, even during high volatility. Kraken maintains a bid-ask spread of <0.001% for BTC/USDT pairs, which promotes price accuracy and reduces hidden costs.

Deposits and withdrawals are streamlined, with support for 7 fiat currencies (USD, EUR, GBP, JPY, CHF, CAD, AUD) and 240+ cryptocurrencies. Fiat deposits via bank transfers are fee-free, but instant buys incur a 1.5% fee for non-stablecoins. Withdrawals are processed within minutes for crypto, though fiat withdrawals may take 1–5 business days depending on your region.

Kraken Recent Trade Stats (June, 2025)

Kraken’s trading fees follow a tiered structure:

• 0.16% maker fee and 0.26% taker fee for monthly volumes under $50,000

• Fees drop to 0.02% maker and 0.05% taker for volumes exceeding $10 million

In addition, the platform offers 350+ perpetual futures markets with risk management tools like isolated and cross-margin modes. However, Kraken’s Instant Buy service charges higher fees compared to competitors, and its user interface can feel cluttered for beginners.

As for security, Kraken stores 95% of funds in cold storage, uses two-factor authentication, and regularly conducts audits. Despite these measures, some users report delays in resolving large withdrawal requests, and the platform’s customer support has mixed reviews for responsiveness.

Kraken Pros and Cons

3. Margex – Leverage Your Bitcoin Options

Margex specializes in leveraged Bitcoin options and perpetual futures trading. You can trade Bitcoin with up to 100x leverage, which allows you to control a position much larger than your initial margin. The platform processes up to 100,000 positions per second and achieves an average order execution time of under 8 milliseconds.

This speed and throughput help you avoid slippage and maintain price accuracy, even during periods of high volatility.

You will find Margex’s user interface clean and intuitive, so both beginners and experienced traders can navigate the platform efficiently. The exchange maintains a deep order book exceeding $50 million and aggregates liquidity from over 12 providers. This structure ensures that large orders do not easily move the market and that you get competitive pricing.

Daily trading volume for Bitcoin derivatives on Margex often ranges from $150 million to $250 million, depending on market conditions. The platform supports 36 listed coins for trading, but Bitcoin and a few major altcoins are the primary focus.

Margex charges a fixed trading fee of 0.019% for limit orders (makers) and 0.060% for market orders (takers), which is competitive for the industry.

You can deposit and withdraw using a wide range of cryptocurrencies, including BTC, ETH, USDT, USDC, and others. The minimum deposit is $10 in any supported crypto. Withdrawals require a minimum of 0.002 BTC or the equivalent in other coins. Margex does not support fiat deposits or withdrawals, so you must convert your funds to crypto before transferring.

Margex Recent Trade Stats (June, 2025)

The platform offers multicollateral wallets, so you can deposit any supported cryptocurrency and use it as collateral for trading any pair. Margex also provides a zero-fee converter for instant swaps between supported coins. Staking is available with up to 5% APY, and you can continue trading while your assets are staked. The platform’s MP Shield system protects against price manipulation and ensures fair pricing.

Some drawbacks include a limited selection of trading pairs and restricted access in certain jurisdictions, such as the United States. Funding fees apply every 8 hours to open leveraged positions, which can impact long-term trades. During periods of high network activity, you may experience delays in conversions or withdrawals.

Margex Pros and Cons

Security measures include cold storage for 100% of client funds, two-factor authentication, and DDoS protection. Margex does not require KYC for registration, so you can start trading quickly. However, the platform is unregulated and based in Seychelles, which may concern users who prioritize regulatory oversight.

4. OKX – Advanced Bitcoin Options Platform

OKX ranks among the top platforms for Bitcoin options trading, combining high liquidity, advanced derivatives tools, and competitive fees. The exchange processes $2.04 billion in daily derivatives volume, with Bitcoin options contributing $310 million in 24-hour trading volume. You can trade Bitcoin options with up to 125x leverage, though most users opt for lower levels due to market volatility.

The platform’s average execution speed of 1.4 million transactions per second minimizes slippage, even during peak trading hours. OKX maintains a bid-ask spread of <0.001% for BTC/USDT options, which ensures price accuracy and reduces hidden costs.

Over 30 million active users and institutional clients contribute to deep liquidity, with $8.73 billion in open interest across all derivatives markets.

Deposits support 7 fiat currencies (USD, EUR, GBP, JPY, AUD, BRL, CHF) and 350+ cryptocurrencies, including BTC, ETH, and USDT. Fiat deposits via bank transfer are fee-free, but instant card purchases incur a 1.5% fee.

Withdrawals process within 2–30 minutes for crypto, while fiat withdrawals take 1–5 business days depending on your region. The minimum deposit is $1–$10, and withdrawals require at least 0.002 BTC or equivalent.

OKX Recent Trade Stats (June, 2025)

Trading fees follow a tiered structure:

• 0.08% maker fee and 0.10% taker fee for monthly volumes under $50,000

• Fees drop to 0.02% maker and 0.05% taker for volumes exceeding $10 million

OKX offers 767+ trading pairs, including BTC options, futures, and perpetual swaps. The platform’s Liquid Marketplace provides on-demand liquidity for institutional traders, with atomic settlements and risk management tools. However, the interface can overwhelm beginners, and the lack of regulatory oversight in some markets may concern risk-averse users.

Security features include cold storage for 95% of assets, two-factor authentication, and anti-phishing codes. Despite these measures, some users report delays in resolving large withdrawal requests. OKX also lacks NFT trading support and has limited availability in the U.S. and Canada due to regulatory restrictions.

OKX Pros and Cons

5. BingX – Bitcoin Options for Every Trader

BingX is a versatile platform for Bitcoin options trading for both novice and experienced traders. The exchange processes $57.6 billion in 24-hour Bitcoin trading volume, with derivatives contributing $946.5 million daily. You can trade Bitcoin options with up to 125x leverage, though most users operate at lower levels.

The platform’s average order execution speed of 45 microseconds ensures minimal slippage, even during high volatility. BingX aggregates liquidity from multiple providers, maintaining a bid-ask spread of <0.001% for BTC/USDT pairs.

Over 10 million active users and institutional clients drive liquidity, with $8.73 billion in open interest across derivatives markets.

Deposits support 7 fiat currencies (USD, EUR, GBP, JPY, AUD, BRL, CHF) and 700+ cryptocurrencies, including BTC, ETH, and USDT. Fiat deposits via bank transfer are fee-free, but instant card purchases incur a 1.5% fee.

The withdrawal process takes 2–30 minutes for crypto, while fiat withdrawals take 1–5 business days. The minimum deposit is $10, and withdrawals require a minimum of 0.002 BTC or its equivalent.

BingX Recent Trade Stats (June, 2025)

Trading fees are competitive:

• 0.1% for spot trading (both maker and taker)

• 0.02% maker and 0.05% taker fees for futures

BingX offers 767+ trading pairs, including BTC options, perpetual swaps, and futures. The copy trading feature lets you replicate strategies of top performers, while demo accounts allow risk-free practice. However, the platform’s interface may overwhelm beginners, and its CCC security rating from CER raises concerns despite features like cold storage and two-factor authentication.

BingX Pros and Cons

6. ByBit – Fast Bitcoin Options Execution

Bybit stands as a leading platform for Bitcoin options trading, combining high-speed execution, deep liquidity, and competitive fees. The exchange processes $11.3 billion in 30-day Bitcoin options volume, with $946.5 million traded daily on average.

You can access up to 100x leverage on BTC options, though most traders use lower multiples to manage volatility risks.

The platform’s order-matching engine handles 100,000 transactions per second, which ensures an average execution speed of 45 microseconds. This minimizes slippage, even during extreme market movements.

Bybit maintains a bid-ask spread of <0.001% for BTC/USDT options, supported by $2.16 billion in open interest and over 60 million global users.

Deposits support 70+ fiat currencies (USD, EUR, GBP, JPY, etc.) and 300+ cryptocurrencies, including BTC, ETH, and stablecoins. Fiat deposits via bank transfer are fee-free, but instant card purchases incur a 1.5% charge.

Withdrawal process within 2–30 minutes for crypto, while fiat withdrawals take 1–5 business days. The minimum deposit is $10, and withdrawals require at least 0.002 BTC or equivalent.

ByBit Recent Trade Stats (June, 2025)

Trading fees are tiered:

• 0.02% maker fee and 0.03% taker fee for non-VIP users

• Fees drop to 0.015% maker and 0.025% taker for VIP tiers

• Fees cap at 12.5% of the option price per contract

Bybit offers European-style cash-settled options with expirations ranging from daily to quarterly. These options automatically exercise at settlement, eliminating physical delivery hassles. The platform also provides copy trading, automated bots, and advanced risk management tools like isolated/cross-margin modes. However, the interface may overwhelm beginners, and regulatory restrictions block access in the U.S.

Security measures include cold storage for 95% of assets, two-factor authentication, and an insurance fund to cover extreme losses. Despite these safeguards, some users report delays in resolving large withdrawal requests.

ByBit Pros and Cons

7. Coinbase – Limited Bitcoin Options Trading

Coinbase is recognized for its regulatory compliance, broad asset selection, and user-friendly interface; however, its Bitcoin options trading offering remains limited and lacks the statistics typically found on specialized derivatives platforms. The exchange processes approximately $1.8 billion in total daily trading volume, with Bitcoin accounting for nearly $813 million of that figure.

You will find Coinbase’s interface intuitive, which appeals to both beginners and advanced users. The platform supports over 250 cryptocurrencies for trading, and you can start with as little as $1. Deposits are available through bank transfers, debit cards, and PayPal, and withdrawals are typically processed quickly, often within the same day for fiat.

However, transaction fees are higher than industry averages, with a 0.50% spread for buy/sell transactions and additional fixed fees that can reach up to 0.60% on advanced trades.

Coinbase’s order execution speed is strong, and the platform is known for its reliability during periods of high market activity. The exchange serves a global user base in over 100 countries and has a reputation for quick crypto-to-cash conversions. However, users regularly report poor customer support and occasional technical issues during periods of peak demand.

Coinbase Recent Trade Stats (June, 2025)

Notes:

• Coinbase has announced the acquisition of Deribit to expand its crypto options presence, but as of now, there is no significant BTC options trading activity on the platform.
• All reported volumes for BTC options remain at zero
• The market has either not been launched or has yet to be adopted by users.
• The exchange remains a leader for spot and futures trading

You will not find advanced options trading features such as high leverage, deep liquidity, or a wide range of contract expiries on Coinbase. The platform does not currently support leveraged options trading for U.S. users, and there is no evidence of significant open interest or volume in Bitcoin options.

Coinbase’s security is robust. It holds most of its assets in cold storage and adheres to strong compliance practices; however, the exchange controls private keys, which may raise concerns among some users.

Coinbase Pros and Cons

8. Binance – Flexible Bitcoin Options Choices

Binance is a global leader in Bitcoin options trading, recognized for its high liquidity, flexible contract structures, and advanced trading technology. The platform regularly reports hundreds of millions in daily BTC options trading volume, with open interest figures consistently among the highest in the industry.

Binance’s options market supports a wide range of expiration dates and strike prices, so you can tailor your strategies to both short-term volatility and longer-term market views.

You can select between American-style options (which can be exercised any time before expiry) and European-style options (exercised at expiry). Binance enables both call and put options with a variety of durations, from as short as five minutes to as long as several months.

Trading speed on Binance is exceptional. The platform’s matching engine processes over 1.4 million transactions per second, so you experience virtually no lag or slippage even during periods of high volatility.

Bid-ask spreads on BTC options are typically below 0.01%, which ensures accurate pricing and minimizes trading costs. Binance uses a dynamic mark price system based on the Black-Scholes model and spot index prices, which maintains price accuracy and robust risk management.

You can deposit funds via bank transfer, P2P trading, crypto deposits, or cash purchases. Withdrawals are available in both fiat and crypto, with processing times ranging from a few minutes for crypto to a day or two for fiat. Binance supports over 150 cryptocurrencies for trading and offers a wide array of fiat currencies for deposits and withdrawals.

Binance Recent Trade Stats (June, 2025)

Binance Fees are among the lowest in the industry. Its trading fees are designed to be cost-effective for both retail and institutional traders. The maximum loss for buyers is limited to the premium paid, while sellers face margin requirements and potential liquidation risks. Binance’s stablecoin-settled options make profit and loss calculations straightforward, even in volatile markets.

The platform’s user interface can be complex for newcomers, given the breadth of features and contract types. However, the Easy Options mode and comprehensive guides help bridge the learning curve. Binance is not available in certain U.S. states and some jurisdictions due to regulatory restrictions.

Binance Pros and Cons

How to choose the Best Bitcoin Options Trading Platform

Here’s how to quickly asses a platform and see if it’s a good one for Bitcoin options trading in 10 steps;