OKEx rolls out bitcoin options trading for select clients

Cryptocurrency exchange OKEx has launched bitcoin options trading for a select group of clients ahead of a public launch next month.

The new contract will be settled daily in bitcoin, according to an announcement shared with The Block on Thursday. The public access will be opened on Jan. 9.


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“We welcome clients from different segments, especially from our institutional clients, who have shown the fastest-growing demand in derivatives trading, especially on futures and perpetual swap,” said Lennix Lai, financial market director of OKEx. The exchange is one of the top three players in the derivatives space, according to data from Skew, compiled by The Block.

To access OKEx options, users will have to go through a know-your-customer (KYC) verification process, as well as pass a suitability test to show they understand options trading, the Malta-headquartered exchange said earlier this month.

Derivatives exchange giant CME Group has also been preparing to launch an options product tied to its bitcoin futures on Jan. 13, while Bakkt launched its options contracts earlier this month. Crypto exchanges Deribit and LedgerX also offer options trading, among other platforms.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.