The world of digital asset derivatives is evolving rapidly, and one name has emerged as a standout performer in the crypto options space: Coincall. Just 18 months after its launch, Coincall has secured a position among the top five global crypto options exchanges by trading volume—a remarkable achievement that signals growing institutional and retail interest in its platform.
This rapid ascent reflects not only strong market demand for advanced trading tools but also Coincall’s strategic focus on innovation, user experience, and capital efficiency. Backed by data from internal analytics and third-party sources like Laevitas, Coincall’s growth trajectory underscores a broader trend: crypto options are no longer niche instruments—they’re becoming central to the digital asset economy.
The Rise of Crypto Options: From Niche Tool to Market Mainstay
Once limited to hedge funds and quantitative traders, options trading has become increasingly accessible to retail investors in the crypto space. These financial derivatives give holders the right—but not the obligation—to buy or sell an asset at a predetermined price, enabling sophisticated strategies such as hedging, volatility plays, and directional bets.
As the crypto market matures, crypto options are gaining recognition as essential components of the financial infrastructure. Recent industry developments highlight this shift: Coinbase was reportedly in advanced talks to acquire Deribit, a leading BTC and ETH options exchange, in a deal potentially valued between $4 billion and $5 billion. While updates on the acquisition have since quieted, the message is clear—crypto derivatives are now at the heart of mainstream adoption.
With increasing institutional participation, clearer regulatory frameworks, and improved trading interfaces, options are transitioning from speculative tools into strategic portfolio management instruments.
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Coincall: The Youngest Top 5 Crypto Options Exchange
What sets Coincall apart isn’t just its performance—it’s its age. Founded in late 2023, Coincall has quickly grown to capture 5.43% average market share in crypto options trading between March 8 and March 17, 2025, peaking at 10.15% on March 15, according to Laevitas data. On March 8 alone, it accounted for 9.78% of total market volume, demonstrating strong liquidity and user engagement.
Today, Coincall operates at approximately 9–10% of Deribit’s scale, positioning it just behind industry leaders like ByBit in terms of market presence. This rapid scaling makes Coincall the youngest exchange ever to break into the top five rankings—an impressive feat in a highly competitive and capital-intensive sector.
Its rise also positions it as a potential candidate for strategic acquisition or institutional partnership. As investor attention shifts from established giants to agile challengers, Coincall stands out as one of the most promising disruptors in the space.
Why Traders Are Choosing Coincall
- Deep liquidity pools ensure tight spreads and fast execution
- Intuitive interface designed for both beginners and advanced traders
- High-performance infrastructure supporting low-latency trading
- Innovative product suite focused on maximizing trader profitability
Visionary Leadership Driving Innovation
Coincall’s success is also rooted in its leadership. In January 2025, the exchange appointed Daryl Teo, former strategist at Alibaba Group (NASDAQ: BABA) and seasoned crypto investor, as Chief Operating Officer and minority shareholder. He joins CEO Jimmy, whose team includes alumni from OKX, Paradigm, and ByteDance—bringing deep expertise in fintech, blockchain, and product development.
“We’re witnessing crypto gain legitimacy as a store of value at a consensus level,” said Daryl Teo. “Options represent the next wave—they offer leverage, flexibility, and strategic depth. Coincall’s mission is simple: make investing fast, intuitive, and secure for everyone.”
This vision aligns with broader market trends toward democratizing access to sophisticated financial instruments while maintaining high standards of security and performance.
Earn While You Trade: Redefining Capital Efficiency
Coincall’s latest innovation—Earn While You Trade (EWYT)—is set to redefine how traders manage capital in the crypto derivatives market.
Traditionally, users had to choose between earning passive yield through staking or committing funds to active trading. With EWYT, that trade-off disappears.
Key Benefits of Earn While You Trade:
- Up to 6.4% annual yield on USDT holdings
- 90% of staked assets can be used as trading margin
- No lock-up periods—withdraw anytime
- Seamless integration between savings and trading accounts
This feature allows active traders to earn yield on idle capital without sacrificing liquidity or trading flexibility. For example, a trader holding 100,000 USDT can earn passive income while simultaneously using most of those funds as margin for options trades—dramatically improving capital efficiency.
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Market Trends Fueling Growth: A Resurgence in Crypto Infrastructure
Coincall’s rise mirrors a broader resurgence in crypto infrastructure investment. According to PitchBook, 2024 saw 2,153 deals totaling $11.5 billion invested in blockchain and crypto startups—the strongest rebound since the bear market.
This influx of capital reflects renewed confidence in foundational technologies rather than speculative tokens. Investors are prioritizing platforms that solve real problems: scalability, security, usability, and capital optimization.
“The next phase of crypto will be defined by real infrastructure,” Teo emphasized. “Platforms that thoughtfully balance capital efficiency with user accessibility will shape the next decade.”
Coincall exemplifies this shift—building not just another exchange, but a holistic ecosystem where traders can grow their capital more efficiently and securely.
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These keywords reflect high-volume queries from users seeking reliable information on advanced trading features and emerging platforms.
Frequently Asked Questions (FAQ)
Q: What is a crypto options exchange?
A: A crypto options exchange allows users to trade options contracts on digital assets like Bitcoin and Ethereum. These contracts give traders the right to buy or sell an asset at a set price before a specific date, enabling strategies for hedging or speculation.
Q: How does Coincall’s “Earn While You Trade” work?
A: The EWYT feature lets users earn up to 6.4% APY on USDT while using up to 90% of their staked balance as margin for trading—no lock-ups, full withdrawal flexibility.
Q: Is Coincall safe and regulated?
A: While regulatory status may vary by jurisdiction, Coincall emphasizes security with institutional-grade custody solutions, regular audits, and a transparent operational model.
Q: Can beginners use Coincall effectively?
A: Yes. Though it supports advanced strategies, Coincall offers an intuitive interface, educational resources, and risk management tools suitable for new traders.
Q: How does Coincall compare to Deribit or ByBit?
A: While smaller in scale than Deribit, Coincall offers unique advantages like higher capital efficiency via EWYT and faster onboarding for yield-seeking traders.
Q: Where can I access Coincall’s platform?
A: Platform access details are available directly through Coincall’s official channels.
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Final Thoughts: Shaping the Future of Digital Derivatives
Coincall’s journey from startup to top-five player in just 18 months highlights a pivotal moment in crypto evolution. As options move from fringe tools to core financial instruments, platforms that prioritize accessibility, innovation, and capital efficiency will lead the next wave of adoption.
With visionary leadership, robust technology, and game-changing features like Earn While You Trade, Coincall is not just participating in the future of finance—it’s helping build it.