The crypto exchange Coincall has officially entered the top 5 global crypto options exchanges by trading volume just 18 months after its founding, marking a significant achievement in a sector increasingly attracting institutional and retail interest.
Rise of the Crypto Options Market
Crypto options are becoming a crucial tool for investors. These contracts provide traders the right to buy or sell assets at a set price, enabling hedging and speculation. Recently, reports emerged of Coinbase being in talks to acquire Deribit, the leading BTC and ETH options venue, for a sum of $4–5 billion, confirming that crypto derivatives are at the forefront of the financial stack.
Young Yet Fast
Founded in late 2023, Coincall has swiftly entered the ranks of leading exchanges, currently holding 9-10% of Deribit's market size. According to Laevitas, from March 8 to 17, 2025, Coincall's market share averaged 5.43%, with a peak at 10.15% on March 15, illustrating the company's upward momentum and competitiveness in the global crypto options market.
Innovation and Coincall's Future
In January, Coincall appointed Daryl Teo, a former Alibaba strategist, as COO and minority shareholder. Under his leadership, Coincall launched the 'Earn While You Trade' feature, allowing users to earn up to 6.4% APR on USDT holdings and use up to 90% of staked funds as trading margin, enabling yield on idle capital without sacrificing trading activity.
Coincall is experiencing rapid growth and implementing innovative solutions, strengthening its market position. This reflects broader trends in crypto infrastructure, where platforms focused on capital efficiency and accessibility will shape the industry's future.
