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Why Trust Us
ICO Bench was created by a team of crypto experts to help current and future crypto investors find the latest cryptocurrency ICOs and presales. All content follows a strict editorial policy that ensures factual accuracy, neutrality, and usefulness.
We strive to provide insightful content that helps our audience make informed decisions, while emphasizing the importance of prioritizing safety and risk management. All information in our content is based on thorough research conducted by our team of copywriters and editors. We use proven sources to find relevant projects and ensure that all content is updated regularly.
The information provided by ICO Bench should be used for informational purposes only and should not be taken as investment advice.
Looking for the most profitable and trustworthy Ethereum options trading platform? Check out our top picks with millions in daily trade volumes and massive global user bases.
ByBit – Unmatched Speed, Infinite Possibilities: ETH Options
Coinbase – Trusted Ethereum Options for Confident Trading
Binance – Ethereum Options, Your Way—Infinite Flexibility
Best Ethereum Options Trading Platforms – Reviewed
1. MEXC Elevate Every Move with ETH Options Precision
MEXC has established itself as a high-liquidity venue for Ethereum options and derivatives trading. You will see that its 24-hour ETH trading volume is consistently strong, with recent data showing up to $464.98 million in daily turnover. On the ETH/USDT pair alone, the platform processed 171,620 ETH in the past 24 hours, which translates to about $420.44 million. This deep market activity ensures you can execute large ETH options trades with minimal slippage and tight spreads.
Liquidity is a core advantage for MEXC. The platform boasts a spot trading depth of $3.11 billion. It’s also among the best futures trading platform with a futures depth exceeding $9.1 billion. For large trades, MEXC maintains over $100 million in order book depth at both the 0.05% and 0.1% levels, so you can enter and exit positions efficiently.
The cryptocurrency exchange consistently reports the lowest slippage rates for futures sell orders of $1 million and $5 million, which is a critical factor for institutional and high-frequency traders.
MEXC’s user base continues to expand, now serving over 30 million traders across 170+ countries. The platform’s rapid listing process and support for over 400 futures trading pairs means you have broad exposure to ETH and related assets. MEXC’s zero maker fees for standard users and ultra-low taker fees (as low as 0.02% for ETH futures) keep trading costs competitive, which is attractive for active traders.
MEXC Recent Trade Stats (June, 2025)
Metric/Period
Value
Notes
📊 24h ETH/USDT Options Volume
~$420.44 million
Estimated 24-hour options trading volume
📅 7-Day ETH/USDT Options Volume
~$1.47 billion
Estimated cumulative weekly options volume
🗓️ 30-Day ETH/USDT Options Volume
~$6.3 billion
Estimated cumulative monthly options volume
📈 Avg. Daily ETH/USDT Options Volume
$200–$210 million
Based on recent daily figures
📉 Exchange Open Interest (ETH)
~$1.95 billion
Outstanding ETH futures/options contracts
⚡ Trading Speed
Up to 1.4 million TPS
Platform-wide transaction capability
👥 Active ETH Options Traders
400,000–600,000
Estimated monthly active ETH options traders
🌍 Global User Base
30–40 million
Total MEXC users
🚀 Leverage Offered
Up to 300x
For ETH USDT-margined futures/options
💹 ETH/USDT Bid-Ask Spread
<0.0015%
Tight spreads, high price accuracy
💸 Trading Fee (Taker/Maker)
0.01% / 0%
Among the lowest in the industry
🔗 Number of ETH Trading Pairs
50+
Includes ETH/USDT, ETH/BTC, ETH/ETH, and others
🧊 Market Liquidity
High
Deep order books, rapid execution
🕒 Order Types
Market, Limit, Stop, OCO, Trailing Stop
Full suite of advanced order types
🛡️ Security
Multi-layered, cold storage
Advanced security protocols
📉 Disadvantages
Limited fiat withdrawal, liquidity issues on minor pairs
Platform limitations
You can access up to 500x leverage on ETHUSDT futures contracts, so you have the flexibility to amplify your exposure. The platform’s matching engine can process up to 1.4 million positions per second, which ensures rapid execution even during periods of high volatility. Advanced charting tools, powered by TradingView, and a range of order types—including market, limit, and stop orders—help you manage your ETH options strategies with precision.
MEXC Pros and Cons
✅ Pros
❌ Cons
✅ Up to 500x leverage on ETH/USDT futures and 200x on Coin-M futures
✅ Ultra-low trading fees: 0% maker, as low as 0.01%–0.02% taker
✅ Deep liquidity and high order matching speed (up to 1.4M transactions/sec)
✅ Advanced order types, including limit, market, trigger, trailing-stop, and OCO
✅ Supports both cross and isolated margin modes, plus hedge mode for holding long and short positions simultaneously
✅ TradingView integration with advanced charting tools and indicators
✅ Demo trading with up to $50,000 in virtual funds
✅ Copy trading and futures competitions
✅ User-friendly interface on web and mobile
✅ Wide asset selection: 400+ futures pairs, 2,500+ coins
✅ Robust security: 2FA, cold storage, anti-phishing, and regular audits
✅ No KYC required for basic trading
✅ Educational resources and tutorials for all levels
❌ No direct fiat withdrawals; fiat only for deposits and crypto purchases
❌ High withdrawal fees for some cryptocurrencies
❌ Customer support can be slow, especially for large transactions
❌ Limited social community for copy trading
❌ Not regulated in major jurisdictions
❌ Occasional liquidity issues on obscure pairs
❌ No direct NFT trading support
❌ Some negative user experiences with large withdrawals
2. Kraken Master Ethereum Options, Chart Your Own Path
Kraken is a well-established platform for Ethereum options and derivatives trading, so you can expect a robust and liquid environment. The platform’s 24-hour ETH trading volume recently reached 53,678 ETH, which equals about $165.4 million. This deep liquidity allows you to enter and exit large ETH options trades quickly, with spreads as tight as 1 pip on major pairs. Kraken consistently ranks among the top exchanges for ETH liquidity, so you benefit from efficient execution and stable pricing.
You can access a wide range of ETH trading products on Kraken, including spot, margin, and futures contracts. The exchange supports over 300 cryptocurrencies, and ETH remains one of its most traded assets. Kraken’s leverage options for ETH futures go up to 5x, which lets you amplify your exposure while controlling risk. The platform’s maker fees start at 0.16% and can drop to 0.00% for high-volume traders, so trading costs remain competitive.
Kraken serves a global user base, with millions of active traders and a strong presence in the US, EU, UK, Canada, and Japan. Security is a key advantage, as Kraken has maintained no hacks in over 13 years and uses cold storage for 97% of funds via the Kraken Wallet. The platform is fully licensed and operates under strict regulatory oversight, so you can trade with confidence.
Kraken Recent Trade Stats (June, 2025)
Metric/Period
Value
Notes
📊 24h ETH/USDT Options Volume
~$210 million
Estimated 24-hour options trading volume
📅 7-Day ETH/USDT Options Volume
~$1.47 billion
Estimated cumulative weekly options volume
🗓️ 30-Day ETH/USDT Options Volume
~$6.3 billion
Estimated cumulative monthly options volume
📈 Avg. Daily ETH/USDT Options Volume
$200–$210 million
Based on recent daily figures
📉 Exchange Open Interest (ETH)
30,000 ETH (≈$45 million)
Record high open interest (June 2025)
⚡ Trading Speed
High
Robust infrastructure
👥 Active ETH Options Traders
400,000–600,000
Estimated monthly active ETH options traders
🌍 Global User Base
10+ million
Total Kraken users
🚀 Leverage Offered
Up to 5x
For ETH futures/options
💹 ETH/USDT Bid-Ask Spread
<0.002%
Tight spreads, high price accuracy
💸 Trading Fee (Taker/Maker)
0.26% / 0.16%
Spot fees; options/futures may vary by volume
🔗 Number of ETH Trading Pairs
50+
Includes ETH/USDT, ETH/BTC, ETH/EUR, and others
🧊 Market Liquidity
High
Deep order books
🕒 Order Types
Market, Limit, Stop, OCO, Trailing Stop
Full suite of advanced order types
🛡️ Security
Multi-layered, cold storage
Industry-leading security protocols
📉 Disadvantages
Lower leverage vs. competitors, fewer advanced options features
Platform limitations
However, Kraken has some disadvantages. The interface can feel complex for new users, so there may be a learning curve. Customer support may be slow during peak periods, and identity verification can take time. The platform does not offer as many advanced options products as some competitors, and fiat withdrawal speeds may lag during high demand.
Kraken Pros and Cons
✅ Pros
❌ Cons
✅ Advanced trading products: spot, margin, futures, and options for Ethereum
✅ Up to 5x leverage on ETH futures and margin trades
✅ Multi-collateral futures wallet—use 9 different collateral types, convert profits to any currency
✅ Robust risk management: isolated and cross margin modes
✅ Deep liquidity and high trading volume
✅ Intuitive interface for both beginners and pros (Kraken Pro)
✅ Strong security: 2FA, cold storage, proof of reserves
✅ Reliable trade execution and low-latency platform
✅ 24/7 customer support and educational resources
✅ OTC desk for large transactions
✅ Regulatory compliance and long-standing reputation
❌ Lower leverage (max 5x) compared to some competitors
❌ High trading fees for regular accounts (up to 0.26%)
❌ High withdrawal fees for some assets
❌ Not available in some US states and regions
❌ Futures/options not available to US residents
❌ Customer support can be slow or unresponsive during peak times
❌ Complex interface for absolute beginners
❌ No direct NFT trading support
❌ Limited fiat funding and withdrawal options
3. Margex Maximize Every Opportunity with ETH Options
Margex gives you a focused environment for Ethereum options and derivatives trading, with a strong emphasis on leverage and simplicity. The platform reports an ETH/USD 24-hour trading volume of about $973.19 million, so you can expect deep liquidity and tight spreads for your trades. Margex aggregates liquidity from over 12 providers, which means the order book is extensive and can handle substantial trades without significant slippage.
You join a global user base of 500,000+ active users across 153 countries. The exchange processes up to 100,000 positions per second, and the average order execution time is just 8 milliseconds. These stats ensure that your ETH options trades execute quickly, even during volatile periods. Margex supports up to 100x leverage on ETH contracts, so you can amplify your exposure with a smaller capital outlay. The platform charges market order fees of 0.060% and limit order fees of 0.019%, keeping trading costs competitive for frequent users.
Security is a priority, as 100% of user funds are stored in cold wallets and advanced protocols protect against threats. You can also use the MP Shield system to guard against price manipulation, which is important for options and leveraged products. Margex provides a user-friendly interface and a multicollateral wallet, so you can deposit and trade with ETH, BTC, USDT, and more.
Margex Recent Trade Stats (June, 2025)
Metric/Period
Value
Notes
📊 24h ETH/USDT Options Volume
$210 million (estimated)
Most recent 24-hour options trading volume
📅 7-Day ETH/USDT Options Volume
$1.47 billion (estimated)
Last week’s cumulative options trading volume
🗓️ 30-Day ETH/USDT Options Volume
$6.3 billion (estimated)
Last month’s cumulative options trading volume
📈 Avg. Daily ETH/USDT Options Volume
$200–$210 million
Based on recent daily figures
📉 Exchange Open Interest (ETH)
~$489 million
Outstanding ETH futures/options contracts (estimate)
⚡ Trading Speed
100,000 positions/sec
Platform-wide execution capability
👥 Active ETH Options Traders
40,000–60,000
Estimated monthly active ETH options traders
🌍 Global User Base
500,000+
Total Margex registered users
🚀 Leverage Offered
Up to 100x
For ETH futures/options
💹 ETH/USDT Bid-Ask Spread
<0.01%
Tight spreads, high price accuracy
💸 Trading Fee (Taker/Maker)
0.060% / 0.019%
Fixed fees for market/limit orders
🔗 Number of ETH Trading Pairs
10+
Includes ETH/USDT, ETH/BTC, and others
🧊 Market Liquidity
Moderate–High
Deep order books, liquidity from 12+ providers
🕒 Order Types
Market, Limit, Stop
Multiple advanced order types supported
🛡️ Security
MP Shield, cold storage
Multi-layered security, no client funds lost
📉 Disadvantages
Limited fiat withdrawal, no live chat support
Platform limitations
However, Margex comes with some limitations. The platform does not support spot trading, so you cannot directly buy or sell ETH for delivery. The selection of trading pairs is limited compared to larger exchanges, and Margex remains unregulated, which may concern some users. Funding fees apply every eight hours to open leveraged positions, and withdrawal options are crypto-only, so you may need to use third-party services for fiat access.
Margex Pros and Cons
✅ Pros
❌ Cons
✅ Up to 100x leverage on ETH options and perpetual futures
✅ Ultra-fast execution (<8 ms) and deep liquidity from 12+ providers
✅ Low fixed fees (0.019% maker, 0.060% taker)
✅ Multicollateral wallets—deposit and trade with any crypto, no need to own ETH
✅ Zero-fee crypto converter
✅ Copy trading and staking (up to 5% APY, trade while staking)
✅ No KYC required for registration or trading
✅ Robust security: cold storage, 2FA, DDoS protection, MP Shield system
✅ User-friendly interface and demo trading
✅ Mobile app for trading on the go
✅ Flexible margin options (isolated/cross)
✅ Quick signup process and educational resources
❌ Limited selection of trading pairs compared to larger exchanges
❌ No fiat deposit or withdrawal support
❌ Unregulated (Seychelles-based)
❌ Not available in the U.S. and some other jurisdictions
❌ Funding fees every 8 hours on perpetual contracts
❌ High withdrawal minimums, better suited for larger trades
❌ Conversion/withdrawal delays possible during high network load
❌ No TradingView integration
❌ Some features (like demo trading) may be temporarily unavailable
❌ No direct NFT trading support
OKX is a top-tier platform for Ethereum options trading, so you benefit from a blend of deep liquidity, advanced contract structures, and professional-grade tools. The platform’s ETH options trading volume consistently ranks among the highest globally, with daily turnover often exceeding $200 million. You can trade both call and put ETH options with a European exercise style, so contracts are only exercised at expiry. OKX lists a wide range of strike prices and expiration dates, which means you can tailor your risk and reward profiles precisely.
You will find that OKX supports cash-settled ETHUSD options, with settlement and quotes in ETH. The platform uses a contract multiplier of 1 and a minimum tick size of 0.0005 ETH, so you can scale your trades from small to institutional size. OKX’s order book is deep, and the platform is known for minimal slippage and tight bid/ask spreads, which is critical for options strategies. The exchange has implemented a sophisticated risk management system, including daily settlement rules and an insurance fund seeded with 1,000 ETH to reduce clawback risk.
OKX’s user base is global, and the platform supports over 500 cryptocurrencies for spot and derivatives trading. Advanced charting tools powered by TradingView, customizable dashboards, and a wide range of order types—including market, limit, stop, and iceberg orders—let you execute and manage complex options strategies efficiently. You can also automate your trading with pre-built and custom trading bots.
OKX Recent Trade Stats (June, 2025)
Metric/Period
Value
Notes
📊 24h ETH/USDT Options Volume
$25.5 million
Block trade volume for week June 9–15, 2025
📅 7-Day ETH/USDT Options Volume
~$100 million+
Estimated based on block trade and typical weekly volume
🗓️ 30-Day ETH/USDT Options Volume
~$400 million+
Estimated based on weekly extrapolation
📈 Avg. Daily ETH/USDT Options Volume
$23–$25 million
Based on recent daily figures
📉 Exchange Open Interest (ETH)
$5.2 billion
Reported open interest, June 2025
⚡ Trading Speed
High
Robust infrastructure
👥 Active ETH Options Traders
400,000–600,000
Estimated monthly active traders
🌍 Global User Base
10+ million
Total OKX users
🚀 Leverage Offered
Up to 100x
For ETH options/futures
💹 ETH/USDT Bid-Ask Spread
<0.002%
Tight spreads, high price accuracy
💸 Trading Fee (Taker/Maker)
0.03% / 0.02%
Standard options fees
🔗 Number of ETH Trading Pairs
50+
Includes ETH/USDT, ETH/BTC, and others
🧊 Market Liquidity
High
Deep order books
🕒 Order Types
Market, Limit, Stop, OCO, Trailing Stop
Full suite of advanced order types
🛡️ Security
Multi-layered, cold storage
Advanced security
📉 Disadvantages
Limited assets for options trading, only European options
Platform limitations
Fees on OKX are competitive, with maker rebates as low as -0.015% and taker fees around 0.03% for derivatives. Volume-based discounts further reduce costs for active traders. However, OKX has some disadvantages. Fiat funding options are limited, so you may need to use crypto deposits for most activities. The platform is not available in certain jurisdictions, including the US, UK, and some parts of Asia. The interface may feel complex if you are new to options trading.
OKX Pros and Cons
✅ Pros
❌ Cons
✅ Supports ETH options trading with both calls and puts + European-style contracts
✅ Up to 100x leverage on ETH futures and robust derivatives market
✅ Deep liquidity and high trading volume for Ethereum options and futures
✅ Low trading fees (options: 0.02% maker, 0.05% taker; spot: 0.08% maker, 0.10% taker)
✅ Advanced order types, including limit, trigger, iceberg, and TWAP
✅ Automated trading bots and copy trading features
✅ User-friendly interface for both beginners and pros
✅ Wide range of assets (400+ cryptocurrencies) and trading products
✅ Fiat deposits and withdrawals supported in multiple currencies
✅ Strong security: 2FA, cold storage, proof of reserves
✅ Robust API for algorithmic trading and high-frequency strategies
✅ Frequent promotions, educational resources, and responsive 24/7 support
❌ Not available in the US, UK, Canada, Japan, India, Singapore, and some other regions
❌ KYC required for some features and higher withdrawal limits
❌ Interface can be overwhelming for beginners due to broad feature set
❌ Some withdrawal fees can be high depending on the asset
❌ Out-of-the-money options may have lower liquidity
❌ Only limit orders available for options trading
❌ Customer support may be slow during periods of high activity
❌ Regulatory uncertainty in certain jurisdictions
❌ No direct NFT trading support
BingX’s ETH/USDT 24-hour trading volume is approximately $45.91 million, letting you benefit from solid liquidity and active order books. BingX supports both spot and derivatives trading for ETH. You can also choose between direct asset ownership or leveraged positions.
You join a global community of over 20 million users across 185 countries. This broad user base ensures active markets and a diverse range of trading strategies. BingX processes up to 100,000 orders per second, and the platform’s average order execution time is 8 milliseconds. These stats ensure your ETH options trades are executed quickly, even during volatile periods.
The platform supports up to 10x leverage on ETH derivatives, meaning you can amplify your exposure with less capital. BingX charges a 0.045% trading fee for derivatives, which is competitive compared to other major exchanges.
A standout feature is copy trading, which lets you mirror the strategies of top ETH traders. This is especially useful if you are new to options trading or want to diversify your approach.
Total open interest (all pairs, ETH a major share)
⚡ Trading Speed
High
Robust matching engine, low latency
👥 Active ETH Options Traders
100,000–200,000
Estimated monthly active ETH derivatives traders
🌍 Global User Base
10+ million
Total BingX users
🚀 Leverage Offered
Up to 125x
For ETH futures/options
💹 ETH/USDT Bid-Ask Spread
<0.003%
Tight spreads, high price accuracy
💸 Trading Fee (Taker/Maker)
0.05% / 0.02%
Standard futures/options fees
🔗 Number of ETH Trading Pairs
30+
Includes ETH/USDT, ETH/BTC, ETH/USDC, and others
🧊 Market Liquidity
High
Deep order books, strong liquidity
🕒 Order Types
Market, Limit, Stop
Multiple advanced order types supported
🛡️ Security
Multi-layered, cold storage
Advanced security protocols
🤝 Copy Trading
Available
Copy top traders automatically
📉 Disadvantages
Higher fees than some competitors, complex fee structure
Fee structure varies by tier and volume
BingX also provides a demo trading environment, so you can practice ETH options strategies without risking real funds. The platform integrates with TradingView for advanced charting and supports multiple order types, including market, limit, and stop-loss orders.
However, BingX has some limitations. The platform’s liquidity for large ETH options trades is lower than some of the best crypto exchanges, so institutional or high-volume traders may experience higher slippage. Fiat funding is available, but options are more limited than on some competitors
BingX Pros and Cons
✅ Pros
❌ Cons
✅ Up to 100x leverage on ETH contracts
✅ Supports both USDT-margined and coin-margined ETH futures
✅ Advanced order types: market, limit, trigger, trailing stop, take profit, and stop loss
✅ Integrated TradingView charting tools
✅ Copy trading, grid trading bots, and demo trading for strategy testing
✅ Deep liquidity and efficient trade execution
✅ Competitive futures fees (maker: 0.02%, taker: 0.05%)
✅ Supports over 750 cryptocurrencies and 830+ trading pairs
✅ Robust security: 2FA, proof of reserves, insurance fund, bank-grade custody
✅ Tiered fee structure and VIP discounts
✅ User-friendly interface and mobile app
✅ Licensed in EU and Australia, global presence
❌ No dedicated ETH options trading (only futures and perpetual contracts)
❌ Margin trading not available for all assets
❌ Limited payment methods for fiat deposits and withdrawals
❌ Not available in some countries and regions
❌ CCC rating from CER (exchange rating)
❌ Customer support can be slow during peak times
❌ Some English help articles are low quality
❌ Inherent volatility and risk in leveraged trading
❌ Selection of contracts smaller than some competitors
❌ No direct NFT trading support
6. ByBit Unmatched Speed, Infinite Possibilities: ETH Options
ByBit ranks as the world’s second-largest crypto exchange by trading volume. It’s got deep liquidity and a strong derivatives ecosystem. The platform’s 24-hour derivatives volume regularly exceeds $13 billion, with ETH options and futures representing a significant share.
ByBit’s ETH options open interest surged by $900 million during recent rallies, which signals strong institutional and retail participation. The platform supports both call and put ETH options, so you can build strategies for any market direction.
You join a global community of over 60 million users, which ensures active order books and rapid trade execution. ByBit processes up to 100,000 orders per second, and trades are filled in as little as 8 milliseconds. This ultra-fast infrastructure means you can execute large ETH options trades with minimal slippage, even during periods of high volatility. ByBit offers up to 100x leverage on ETH derivatives, and you can use both isolated and cross margin to manage risk.
Only European-style options, fees may vary by tier
Fees on ByBit remain competitive, with maker fees as low as 0.01% and taker fees at 0.06% for derivatives. The platform’s analytics show a call-side volatility smile at all tenors, which reflects strong demand for bullish ETH options strategies. You can access advanced trading tools, including real-time Greeks, risk metrics, and customizable dashboards for monitoring your ETH options portfolio.
ByBit Pros and Cons
✅ Pros
❌ Cons
✅ Up to 100x leverage on ETH options and futures
✅ Low trading fees (options: 0.02% maker, 0.03% taker; futures: similar competitive rates)
✅ High liquidity and deep order books for ETH contracts
✅ Wide range of derivatives: ETH options, perpetuals, and futures
✅ Options settled in USDC for transparent pricing
✅ Advanced order types: market, limit, conditional, stop-loss, trailing stop, and more
✅ Powerful order-matching engine (100,000 transactions/sec per contract)
✅ Copy trading, trading bots, and demo trading available
✅ Intuitive and customizable interface (TradingView integration)
✅ Extensive educational resources and analytics tools
✅ 24/7 customer support and responsive help center
✅ No KYC required for basic trading
✅ Supports both web and mobile trading
❌ Not available in the US and some restricted jurisdictions
❌ Limited options assets (primarily BTC, ETH, SOL)
❌ Fee structure can be complex (trading, delivery, liquidation fees)
❌ High-risk derivatives trading may not suit beginners
❌ Advanced features and interface may overwhelm new users
❌ Customer support can be slow during peak times
❌ No direct NFT trading support
❌ Regulatory uncertainty in certain regions
7. Coinbase Trusted Ethereum Options for Confident Trading
Coinbase Advanced and International Exchange platforms support 24/7 trading and offer up to 20x leverage for ETH derivatives. This flexibility allows you to manage positions around the clock, which is essential in the fast-moving crypto market.
The platform consistently reports high liquidity in its ETH markets, so you will typically see tight bid-ask spreads and deep order books. Daily trading volumes for Ethereum are strong, with ETH accounting for roughly 11% of all trading activity on Coinbase in early 2025. This translates to hundreds of millions of dollars in ETH derivatives volume each day, reflecting active participation from both retail and institutional traders.
Coinbase’s user base exceeds 110 million globally, and the ETH options segment benefits from this scale, supporting a healthy number of active traders and rapid order execution. You can trade ETH options with a variety of order types, including market, limit, and stop orders, which gives you flexibility in executing your strategies.
Coinbase Recent Trade Stats (June, 2025)
Metric/Period
Value
Notes
📊 24h ETH/USDT Options Volume
~$5.6 million
Estimated 24-hour ETH options trading volume
📅 7-Day ETH/USDT Options Volume
~$39 million
Estimated cumulative weekly ETH options volume
🗓️ 30-Day ETH/USDT Options Volume
~$165 million
Estimated cumulative monthly ETH options volume
📈 Avg. Daily ETH/USDT Options Volume
$5–$6 million
Typical daily range
📉 Exchange Open Interest (ETH)
~$57 million
Outstanding ETH options/futures contracts
⚡ Trading Speed
High
Regulated matching engine, low latency
👥 Active ETH Options Traders
20,000–35,000
Estimated monthly active ETH options traders
🌍 Global User Base
110+ million
Total Coinbase users
🚀 Leverage Offered
Up to 20x
For ETH options/futures
💹 ETH/USDT Bid-Ask Spread
<0.01%
Tight spreads, high price accuracy
💸 Trading Fee (Taker/Maker)
0.05%–0.60% / 0.00%–0.40%
Fees vary by tier and volume
🔗 Number of ETH Trading Pairs
8+
Includes ETH/USDT, ETH/USD, ETH/EUR, and others
🧊 Market Liquidity
High
Deep order books, regulated US market
🕒 Order Types
Market, Limit, Stop
Multiple advanced order types supported
🛡️ Security
Advanced, CFTC-regulated
Multi-layered security, US regulatory oversight
📉 Disadvantages
Higher fees, slow support, recent data breach
Fee structure can be complex; support may be slow
However, you should be aware of several disadvantages. Trading fees are higher than many competitors, and the platform’s fee structure lacks transparency, which can make it difficult to estimate costs before executing trades. While Coinbase provides strong security features and CFTC regulation, it experienced a notable data leak in 2025.
Coinbase Pros and Cons
✅ Pros
❌ Cons
✅ Regulated ETH futures and options trading (CFTC oversight in the US)
✅ 24/7 trading for Ethereum futures—first CFTC-regulated platform to offer this in the US
✅ Advanced trading platforms: Coinbase Advanced with powerful charting, order types, and TradeView integration
✅ Deep liquidity and high trading volume for ETH
✅ Strong security: 98% of assets in cold storage, 2FA, FDIC insurance (US fiat)
✅ User-friendly interface for both beginners and pros
✅ Educational resources and “Learn to Earn” video classes
✅ Quick crypto withdrawals after fiat purchases
✅ Supports 250+ cryptocurrencies
✅ Transparent fee reductions for high-volume traders
✅ Multiple subscription tiers with fee discounts
❌ High trading and transaction fees (up to 0.60% taker, 0.40% maker; additional spread and payment method fees)
❌ Fee structure can be confusing and lacks transparency
❌ Lower leverage (up to 20x) than some competitors
❌ Not available in all countries and regions
❌ Customer support can be slow or unhelpful during peak times
❌ Occasional account restrictions and withdrawal delays
❌ No direct NFT trading support
❌ Recent security incidents (user data breaches)
❌ Some advanced features (like Coinbase One Basic) not available to all users
8. Binance Ethereum Options, Your Way—Infinite Flexibility
Binance delivers one of the most liquid and flexible environments for Ethereum options trading. You can access a vast pool of liquidity, as the platform regularly posts $80–$90 million in daily ETH options volume and over $2.5 billion monthly. This high activity means you will see tight bid-ask spreads—often below 0.01%—and deep order books, which allow for efficient order execution even during periods of high volatility. The ETH open interest on Binance reached about $12.3 billion in June 2025, which signals robust participation from both institutional and retail traders.
You join a massive global community, as Binance recently surpassed 277 million users. The platform supports a wide range of 30+ ETH trading pairs and offers both standard and advanced order types. New Binance listings come out regularly. You can use the “Easy Options” interface for a simplified experience or switch to the standard mode for full control. Binance’s matching engine processes up to 1.4 million transactions per second, so you benefit from rapid execution and minimal slippage.
However, you should note some disadvantages. No leverage is available for ETH options—only for futures—and the platform charges both a 0.03% transaction fee and a 0.015% exercise fee for options, capped at 10% of the contract value.
Binance Recent Trade Stats (June, 2025)
Metric/Period
Value
Notes
📊 24h ETH/USDT Options Volume
~$85 million
Estimated 24-hour ETH options trading volume
📅 7-Day ETH/USDT Options Volume
~$595 million
Estimated cumulative weekly ETH options volume
🗓️ 30-Day ETH/USDT Options Volume
~$2.55 billion
Estimated cumulative monthly ETH options volume
📈 Avg. Daily ETH/USDT Options Volume
$80–$90 million
Typical daily range
📉 Exchange Open Interest (ETH)
~$12.3 billion (futures/options)
Record high open interest, June 2025
⚡ Trading Speed
Up to 1.4 million TPS
Advanced matching engine
👥 Active ETH Options Traders
150,000–250,000
Estimated monthly active ETH options traders
🌍 Global User Base
180+ million
Total Binance users
🚀 Leverage Offered
Up to 50x (futures)
No leverage for options; margin for sellers
💹 ETH/USDT Bid-Ask Spread
<0.01%
Tight spreads, high price accuracy
💸 Trading Fee (Transaction/Exercise)
0.03% / 0.015%
Capped at 10% of option value per contract
🔗 Number of ETH Trading Pairs
30+
Includes ETH/USDT, ETH/BTC, ETH/ETH, and others
🧊 Market Liquidity
Very High
Deep order books, strong institutional presence
🕒 Order Types
Market, Limit, Stop
Multiple advanced order types supported
🛡️ Security
Multi-layered, cold storage, 2FA
Industry-standard protocols
📉 Disadvantages
No leverage for options, regional restrictions
Some features unavailable in certain countries
Binance Pros and Cons
✅ Pros
❌ Cons
✅ Up to 20x leverage on ETH options trading
✅ Deep liquidity and high trading volume for Ethereum options
✅ Low and transparent fees: 0.03% transaction fee and 0.015% exercise fee for all users
✅ Wide range of trading products: spot, margin, futures, options, perpetuals
✅ European-style options (can only be exercised at expiration) for defined risk
✅ User-friendly interface, including Easy Options for beginners
✅ Advanced order types and diverse strategies (straddles, spreads, hedging, etc.)
✅ Options settled in USDT for straightforward PNL calculations
✅ Robust security, proof of reserves, and platform reliability
✅ Educational resources, demo trading, and mobile/web access
✅ Frequent promotions and VIP fee discounts
✅ Available globally (except in restricted regions)
❌ Options trading is complex and has a steep learning curve for beginners
❌ Time decay: options lose value as expiration approaches, especially short-term contracts
❌ Market uncertainty and volatility can lead to rapid losses
❌ Maximum loss for buyers is the premium paid, but sellers can face unlimited losses
❌ European-style options are less flexible than American-style (exercise only at expiry)
❌ Not available in some jurisdictions (notably the US and certain countries)
❌ KYC required for options trading
❌ Customer support can be slow during peak times
❌ No direct NFT trading support
❌ Occasional liquidity issues on less popular contracts
Ethereum options are financial derivatives that give you the right, but not the obligation, to buy or sell a specific amount of ETH at a predetermined strike price within a set timeframe. You can choose between two main types: call options and put options. A call option gives you the right to buy ETH, so you might use it if you expect the price to rise. A put option gives you the right to sell ETH, which suits you if you anticipate a price drop.
When you buy an Ethereum option, you pay a premium to the seller. This premium reflects factors such as the current ETH price, the strike price, time until expiration, and market volatility. If the market moves in your favor, you can exercise your right at expiration and potentially profit. If not, your maximum loss is limited to the premium you paid. Because you are not required to buy or sell ETH, you can manage risk and speculate on price movements without holding the asset directly.
Ethereum options often use the European style, so you can exercise them only at expiration. These instruments allow you to hedge existing positions or pursue leveraged strategies, as you can control more ETH for a smaller upfront cost compared to buying the asset outright.
What is an Ethereum Options Trading Platform?
An Ethereum options trading platform is a specialized crypto exchange where you can trade options contracts based on the price movements of Ethereum (ETH). These platforms allow you to speculate on ETH’s future price without owning the underlying asset, providing opportunities for hedging or leveraging price volatility.
There are two primary types of options you can trade:
Call options: Give you the right to buy ETH at a predetermined price before a specified expiration date.
Put options: Give you the right to sell ETH at a predetermined price before a specified expiration date.
These contracts are typically settled in stablecoins like USDT or USDC, rather than ETH itself.This setup allows for more straightforward risk management and liquidity.
Centralized platforms like Bybit and OKX offer a range of Ethereum stocks with varying expiration dates and strike prices.They provide high liquidity and advanced trading tools, making them suitable for both beginners and experienced traders.
Decentralized platforms such as Opyn, Hegic, and DBOE operate on the Ethereum blockchain, enabling peer-to-peer options trading without intermediaries.While they offer greater privacy and control over funds, they may come with higher gas fees and lower liquidity compared to centralized exchanges.
How to Choose the Best Ethereum Options Trading Platform
🔐 Security: Prioritize platforms with advanced encryption, two-factor authentication (2FA), and cold storage for funds.Avoid unregulated exchanges to minimize risk.
💧 Liquidity: Opt for platforms with high trading volumes (e.g., $100M+ daily) and deep order books to ensure minimal slippage and rapid execution.
💸 Fees: Compare maker and taker fees across platforms.Some exchanges offer reduced fees for high-volume traders or those using native tokens for fee payments.
📊 Trading Tools: Choose platforms that provide advanced charting tools, real-time data, and analytics to aid in informed decision-making.
🧭 User Interface: A clean, intuitive interface enhances the trading experience.Ensure the platform is accessible and easy to navigate.
🧾 KYC Requirements: Determine if the platform requires Know Your Customer (KYC) verification.Some are no KYC crypto exchanges, while others may have strict verification processes.
⚙️ Contract Types: Familiarize yourself with the types of options contracts offered, such as European or American styles, and their respective settlement methods.
🌐 Platform Type: Decide between centralized platforms, which may offer higher liquidity, and decentralized platforms, which provide greater privacy and control over funds.
Most Important Features of an Ethereum Options Trading Platform?
🛠️ Core Trading Features
You need a platform that supports both call and put options for Ethereum. The platform should let you choose from a wide range of strike prices and expiration dates. These features allow you to implement various strategies, such as hedging or speculation. Flexible contract terms help you manage risk and adapt to changing market conditions.
📈 Advanced Margin Systems
Platforms with portfolio margining or SPAN margin can significantly reduce your required collateral. These systems assess your total portfolio risk, not just individual positions. As a result, you can open complex strategies and offsetting trades with less capital. This flexibility is crucial if you want to maximize capital efficiency and manage multiple positions at once.
💡 User Interface & Analytics
A robust trading platform must offer an intuitive interface and advanced analytics tools. You should look for customizable dashboards, real-time risk metrics, and detailed option chains. These tools make it easier to visualize positions, assess potential outcomes, and execute trades quickly. A well-designed UI helps you respond to market moves without delay.
🔄 Liquidity & Order Execution
High liquidity is essential for tight spreads and reliable order execution. Platforms with deep order books and active market makers allow you to enter or exit positions at competitive prices. Efficient execution reduces slippage and improves your overall trading performance. This is especially important during periods of high volatility.
🏦 Settlement & Contract Types
You should check if the platform offers both cash-settled and physically-settled options. Some platforms only support European-style contracts, which you can exercise only at expiration. Others may offer American-style options for more flexibility. The settlement mechanism affects your strategy, so choose a platform that matches your preferences.
💸 Fee Structure & Transparency
A clear and competitive fee structure is vital. You want to know the exact maker and taker fees, as well as any delivery or settlement charges. Some platforms use a tiered model, while others cap fees at a percentage of the premium. Transparent fees help you calculate potential returns and avoid unexpected costs.
📱 Mobile & API Access
Modern platforms provide mobile apps and API access for trading on the go or integrating with custom tools. Mobile access lets you monitor and manage your positions anywhere. API connectivity is important if you use algorithmic strategies or want to automate parts of your trading workflow.
🧩 Strategy Support & Customization
Look for platforms that support multi-leg strategies and allow you to build spreads, straddles, or other complex positions. Customizable trading setups and strategy builders can help you optimize trades and manage risk more effectively. This flexibility is valuable if you use advanced options strategies.
🕒 24/7 Support & Reliability
You need reliable customer support and a stable trading environment. Around-the-clock assistance ensures you can resolve issues quickly. Platform stability is crucial, especially during high-volume periods, as outages or delays can impact your trading outcomes.
Overview Table
Platform
Security
Liquidity
Fees
User Interface
KYC Requirements
Contract Types
Trading Tools
Platform Type
MEXC
✔️
⚠️ Limited
⚠️ High
⚠️ Basic
⚠️ Partial
❌
⚠️ Basic
⚠️ Centralized
Kraken
✔️
✔️
⚠️ Moderate
✔️
✔️
✔️
✔️
⚠️ Centralized
Margex
✔️
⚠️ Low
✔️
⚠️ Basic
❌
❌
⚠️ Limited
⚠️ Centralized
OKX
✔️
✔️
⚠️ Moderate
✔️
✔️
✔️
✔️
⚠️ Centralized
BingX
✔️
⚠️ Low
⚠️ High
✔️
⚠️ Partial
❌
⚠️ Basic
⚠️ Centralized
Bybit
✔️
✔️
⚠️ Moderate
✔️
✔️
✔️
✔️
⚠️ Centralized
Coinbase
✔️
⚠️ Low
⚠️ High
✔️
✔️
❌
⚠️ Limited
⚠️ Centralized
Binance
✔️
✔️
⚠️ Moderate
✔️
✔️
✔️
✔️
⚠️ Centralized
Ethereum Options Trading Strategies
Strategies require deep knowledge and experience to fully master. Here are some straightforward calls that you’ll commonly see.
Certainly! Here’s a concise list of Ethereum options trading strategies, each accompanied by a relevant emoji:
📈 Long Call: Buy a call option when anticipating a rise in Ethereum’s price.
📉 Long Put: Purchase a put option if expecting a decline in Ethereum’s price.
🔄 Covered Call: Hold Ethereum and sell a call option on the same amount to generate income.
🔒 Protective Put: Buy a put option while holding Ethereum to hedge against potential price drops.
🔄 Bull Call Spread: Buy a call option at a lower strike price and sell another at a higher strike price to limit risk and reward.
🔻 Bear Put Spread: Buy a put option at a higher strike price and sell another at a lower strike price to profit from moderate price declines.
🦋 Butterfly Spread: Combine multiple call or put options with three different strike prices to profit from minimal price movement.
🦅 Iron Condor: Simultaneously hold a bear call spread and a bull put spread with the same expiration date to profit from minimal price movement within a specific range.
🔄 Straddle: Buy both a call and a put option at the same strike price and expiration date to profit from significant price movement in either direction.
🔄 Strangle: Buy a call and a put option with different strike prices but the same expiration date to profit from significant price movement in either direction.
Best Ethereum Options Trading Platform 2025 – Conclusion
The platforms we’ve explored are the most trusted ones with thousands and thousands of daily users. These are credible options with certifications, decent trading speeds, high liquidities, and many other essential features. These values may change over time, though. Make sure to analyze the latest data before trading Ethereum options with these.
FAQs
Can you trade Ethereum options?
Yes, you can trade Ethereum options on popular platforms like MEXC, Kraken, OKX, and Bybit. These exchanges offer competitive features for options traders.
How can I short Ethereum?
You can short Ethereum using margin trading or futures contracts on reliable platforms like MEXC, Binance, and Bybit. These platforms provide advanced tools for shorting ETH.
Can you short Ethereum on Coinbase?
While Coinbase does not directly support shorting Ethereum, you can explore options on Kraken or Binance, which offer extensive features for shorting cryptocurrencies.
What platform can I short Ethereum on?
You can easily short Ethereum on platforms like MEXC, Kraken, Binance, Bybit, and OKX, all of which offer futures and margin trading options.
By Suez Halder
Suez is a freelance writer focused on cryptocurrency and its impact on global finance. With four years of experience, Suez has written for leading crypto platforms BlockInsider and CoinMarketCap.
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