Best XRP Options Trading Platforms in 2025

Best XRP Options Trading Platform in 2025 – List

These are the most trusted XRP options trading platforms on the market right now. We’ll get to the particulars shortly.

1. MEXC – Effortless XRP Options, Smarter Moves
2. Kraken – Navigate XRP Options with Confidence
3. Margex – Amplify Your Edge with XRP Options
4. OKX – Unleash Pro Tools for XRP Options
5. BingX – XRP Options: Accessible, Adaptable, Yours
6. ByBit – Lightning-Fast XRP Options, No Limits
7. Coinbase – Secure Bitcoin Options Trading
8. Binance – XRP Options, Your Way—Infinite Flexibility

1. MEXC – Effortless XRP Options, Smarter Moves

MEXC is a top choice for XRP options trading because it delivers strong trading statistics and robust liquidity. The platform’s 24-hour XRP trading volume is typically around $110.79 million. This high turnover means you can expect tight spreads and efficient order execution. MEXC’s total daily trading volume across all assets stands at $4.1 billion, making it the second-largest among global cryptocurrency exchanges.

You will join a community of over 40 million users. This user base has grown by 33% in just five months, which signals rising engagement and trust in the platform. The average trading volume per user increased by 45.09% recently, so activity levels remain high and order books stay deep.

Liquidity is a core strength for MEXC. The platform lists over 4,200 coins, attracting diverse traders, and supports active XRP options trading. Order book depth frequently exceeds $100 million at the most competitive price levels, letting you place large trades with minimal slippage.

MEXC Recent Trade Stats (June, 2025)

However, you should be aware of some disadvantages. Fiat currency deposit and withdrawal options are limited. Bank transfers for withdrawals are mostly restricted to EUR, and the P2P portal only supports a few other currencies. As a result, you might need to transfer funds to another exchange for broader fiat access, which adds extra steps and potential costs.

MEXC does not serve US residents, so you will need to consider alternatives if you are based in that region. The platform also does not offer NFT trading, which may be a drawback if you want a broader range of crypto services.

Mexc Pros and Cons

2. Kraken – Navigate XRP Options with Confidence

Kraken stands as a mature and liquid venue for XRP options trading. You can access XRP options and crypto derivatives on Kraken’s dedicated platform via a wide range of collateral types and margin modes. It lets you manage risk efficiently and tailor your exposure to market conditions.

Kraken’s 24-hour XRP trading volume typically reaches over $61 million, with an average daily XRP spot volume of around $30.8 million. Across all assets, Kraken’s average daily trading volume is about $718 million. This places Kraken among the best crypto exchanges.

The platform’s overall liquidity is deep, with spreads as tight as 1 pip on major assets. You can enter and exit large XRP positions with minimal price impact. Order books for XRP remain active and competitive, so you benefit from efficient execution and stable pricing.

The exchange serves a global audience, with over 6 million regular users and a total user base that has surpassed 10 million. User demographics show that the largest group is between 25 and 35 years old. The platform attracts both retail and institutional participants. Kraken’s compliance with regulatory standards and its transparent fee structure—maker fees starting at 0.16% and dropping to 0.00% for high-volume traders—help support continued growth in active traders and liquidity.

For XRP options, Kraken offers both call and put contracts with leverage. You can hedge spot exposure or speculate on price movements. The platform’s multi-collateral Kraken wallet allows you to use up to nine different collateral types and convert profits into your preferred currency.

Kraken Recent Trade Stats (June, 2025)

However, you should consider several disadvantages. Kraken’s derivatives and options trading are not available to users in the United States, Canada, and several other regions. You must meet intermediate or pro verification requirements to access these features, which adds an extra step to onboarding. Fiat funding and withdrawal options are more limited compared to some competitors.

Kraken Pros and Cons

3. Margex – Amplify Your Edge with XRP Options

Margex specializes in crypto derivatives rather than spot markets, so you can only speculate on XRP price movements through perpetual futures and options, not own the underlying asset. The platform handles a substantial trading load, with over 180,000 daily trades and a user base exceeding 500,000 registered users across 153 countries.

Margex’s trading engine is highly efficient, processing up to 100,000 orders per second with an average execution time of 8 milliseconds. This speed ensures that your XRP options trades execute rapidly, even during periods of high volatility.

Liquidity is a core strength for Margex. The platform aggregates liquidity from over 12 providers, resulting in a cumulative order book value that frequently exceeds $40 million. This deep liquidity pool helps you to enter and exit XRP options positions with minimal slippage.

Margex supports leverage up to 100x on XRP/USD pairs, so you can amplify your exposure if you have a higher risk appetite. The platform’s market, limit, and stop-market order types provide flexibility for managing trades, and you can attach stop loss or take profit instructions to any position.

Margex Recent Trade Stats (June, 2025)

Margex’s fee structure is competitive, with market order fees at 0.06% and limit order fees at 0.019%. You can also benefit from the copy trading feature, which allows you to follow and replicate the strategies of top traders with a single click. The platform’s multicollateral wallet lets you deposit and trade with various cryptocurrencies, so you do not need to own XRP directly to trade XRP options.

Margex Pros and Cons

4. OKX – Unleash Pro Tools for XRP Options

OKX has built a reputation as a professional-grade venue for XRP options trading, combining deep liquidity, advanced order types, and a robust global user base. You will find that the platform’s 24-hour XRP/USDT trading volume regularly ranks in the top ten, with recent figures at $19.32 million and $24.77 million. This level of turnover signals a highly liquid market, so you can execute large XRP options trades with minimal slippage and tight spreads.

OKX’s user base spans over 160 countries, which means you join a diverse and active trading community. The platform processes significant XRP network activity, as seen in a recent spike where active XRP addresses surged by 620% in one week. This jump, from 74,589 to 462,650 addresses.

Notably, a single transaction moved 95.25 million XRP (about $235 million) from OKX, which highlights the scale of institutional flows and the platform’s ability to handle large orders without disrupting the market.

The platform’s execution layer is designed for bulk orders and complex multi-leg trades. OKX also supports limit orders based on implied volatility and USD price, so you have greater control over entry and exit levels.

OKX enforces position limits to prevent market manipulation, with user caps linked to total open interest. If the platform-wide position value for a contract reaches $20 million, your individual position limit is adjusted accordingly, which helps maintain a balanced and fair market.

OKX Recent Trade Stats (June, 2025)

However, you should be aware of some disadvantages. OKX recently delisted XRP expiry futures, so only perpetual contracts and vanilla options remain available. This change may limit your ability to structure certain hedging or speculative strategies.

OKX Pros and Cons

5. BingX – XRP Options: Accessible, Adaptable, Yours

BingX has positioned itself as an accessible and adaptable platform for XRP options trading, with a focus on serving both retail and professional users. The platform supports XRP spot, perpetual futures, and derivatives trading, so you can choose between direct asset ownership and leveraged contracts. 24-hour XRP trading volume on BingX recently reached $1.5 billion, reflecting strong market activity and robust user engagement.

You join a community of over 10 million users when you trade on BingX. The exchange operates in 150+ regions, which means you benefit from a diverse and active trading base. BingX supports over 750 coins and 830 trading pairs, so you have broad exposure to crypto assets beyond XRP.

Liquidity is a critical factor for options trading, and BingX delivers a competitive environment for most retail-sized trades. However, independent liquidity analysis shows that BingX’s order book depth and slippage control for XRP perpetual contracts lag behind top competitors like Tapbit and Bitget.

BingX Recent Trade Stats (June, 2025)

The platform offers leverage up to 125x on XRP futures, so you can amplify your exposure if you have a higher risk tolerance. BingX charges a 0.2% exchange fee for XRP/USDT trades, and the minimum withdrawal is 10 XRP with a 0.25 XRP fee. Daily withdrawal limits are set at 80,000 XRP for unauthenticated users and 200,000 XRP for authenticated accounts, so you have flexibility in managing your funds.

BingX Pros and Cons

6. ByBit – Lightning-Fast XRP Options, No Limits

ByBit stands out as a powerhouse for XRP options trading, delivering exceptional speed, deep liquidity, and a robust derivatives ecosystem. You will notice that ByBit’s 24-hour XRP options volume recently reached $366.94 million, which places it among the industry’s top venues for XRP derivatives.

The platform’s open interest for XRP/USDT futures is $195 million, which is higher than Binance’s $172 million, so you benefit from a highly active market with substantial capital committed to XRP contracts.

Trading activity on ByBit is consistently high. The exchange regularly handles over 10 million users worldwide, and its XRP spot trading volume recently hit $50 million in a single day. ByBit’s infrastructure processes up to 100,000 orders per second, and the platform’s average order execution time is just 8 milliseconds. As a result, you can execute large XRP options trades without significant slippage, even during periods of volatility.

ByBit’s innovative Retail Price Improvement (RPI) order has boosted liquidity across top pairs, so retail traders now access deeper order books and more competitive quotes. Across the top 12 trading pairs, ByBit achieved three times the liquidity of the market leader, which means you can expect tight spreads and efficient trade execution.

During recent XRP rallies, ByBit’s trading bots set a new record with $49 million in XRP futures bot volume in just 24 hours, highlighting the platform’s ability to handle surges in demand.

ByBit Recent Trade Stats (June, 2025)

ByBit supports a wide range of order types and offers advanced tools for both novice and professional traders. You can utilize perpetual swaps, futures, and options contracts for XRP, so you have flexibility in structuring your trades. The platform’s trading fees remain competitive, and you can benefit from rebates as a market maker.

ByBit Pros and Cons

ByBit does have some disadvantages. The platform does not support fiat-to-crypto purchases, so you must fund your account with crypto. US citizens cannot access ByBit, which limits availability for some users. The exchange does not offer tokenized crypto stocks, and some advanced products may be unavailable in certain regions due to regulatory restrictions.

7. Coinbase – Trustworthy XRP Options, Peace of Mind

8. Binance – XRP Options, Your Way—Infinite Flexibility

Binance has become a leading venue for XRP options trading, providing both institutional and retail users with a flexible and liquid environment. You can access XRP/USDT options through the Binance Options RFQ, which allows you to request quotes directly from the Binance OTC Trading Desk. This system delivers institutional-grade liquidity, so you can execute large-sized options trades at competitive prices and without additional fees.

The platform supports European-style XRP options contracts, which means you can only exercise them at expiration, but you can trade them at market prices before expiry. Binance’s options market for XRP has seen remarkable growth. In recent months, options trading volume surged 125.93% to $7,540 and open interest rose 149.56% to $978,100. During periods of high volatility, options volume increased by 443.16%, even as overall derivatives market activity cooled.

Liquidity remains a core strength for Binance. The exchange operates 24/7 trading hours and maintains a deep order book, allowing you to enter and exit positions efficiently. The minimum order notional value for XRP options is 0.001 per order, and you can place up to five open orders per symbol. Binance also offers leverage, so you can control larger positions with less capital, though this increases both potential profits and risks.

Binance Recent Trade Stats (June, 2025)

The Easy Options feature provides a guided experience for newcomers, making it easier to select contracts and analyze price trends. Binance charges an exercise fee rate of 0.015% for both call and put options, and the maximum loss for buyers is limited to the premium paid.

Binance Pros and Cons