Cryptocurrency exchange Binance has opened Bitcoin (BTC) options writing access to all users, responding to increased retail demand for strategic trading tools, according to information communicated to Finbold on August 4.
The expansion allows users to express market views, manage risk, earn premiums, and enhance yield through options writing strategies beyond traditional long or short positions.
Bitcoin options trading volume has grown significantly, reaching $138.76 billion in June 2025 from $4.11 billion in 2020, a 3200% growth in five years. The increased access enables a broader user base to deploy sophisticated trading strategies using options alongside futures contracts for hedging and profit opportunities.
“Users around the world utilize Binance’s derivatives products for liquidity and hedging at highly-competitive prices and our Bitcoin options products will meet the growing retail demand for more and better trading tools,” said Jeff Li, VP of Product at Binance. “As with traditional markets, accelerating crypto adoption will increase demand for more sophisticated liquidity tools and we are committed to building a fuller suite of derivative products to support our users.”
Trading fees promotion and enhanced program
To celebrate the launch, all users receive a 20% discount on Taker and Maker trading fees for newly listed Options contracts, including ETH, BNB, and SOL contracts. Binance has also improved its Options Enhanced Program for high-volume and institutional traders, offering better maker/taker fees, lower qualification thresholds, and longer grace periods for onboarding.
Binance implements risk management controls requiring option writers to post margin as collateral for their obligations. Users must complete a mandatory suitability assessment to access Binance Options products.
The BTC Options use USDT as both collateral and settlement asset, with a contract unit of 1 and strike intervals ranging from ±0.05 to ±0.95 delta. The platform offers daily, weekly, monthly, and quarterly expiration options, all expiring at 08:00 UTC on their respective dates. Transaction fees are set at 0.03% with exercise fees at 0.015%.
Binance plans to extend options writing access to additional tokens like ETH for all users in the future.
Featured image via Shutterstock.
