Bitcoin has achieved a remarkable milestone, surpassing a market value of $107.8K.

Bitcoin has achieved a remarkable milestone, surpassing a market value of $107.8K. This surge can be attributed to a combination of persistent disbelief among retail investors and aggressive accumulation by institutional players. Recent excitement has been further fueled by Donald Trump's pro-crypto stance. His announcement to appoint 

 has been met with enthusiasm, especially since it signals the removal of Gary Gensler, who has often been viewed as an obstacle to crypto growth. As Trump reiterated his plans for a U.S. strategic Bitcoin reserve, the sentiment in the crypto community has grown increasingly positive, suggesting a potential shift in regulatory dynamics that may benefit the market.

Meanwhile, the number of wallets holding between 100 to 1,000 BTC has risen significantly. In the past month, there’s been a net increase of 1,289 such wallets on the Bitcoin network, representing 9% growth in a short time frame. Moreover, these wallets have collectively added approximately 214,900 BTC to their holdings, marking a 5.1% increase in total assets.

Institutional Influence and MicroStrategy's Role

The current Bitcoin rally differs from previous ones, being primarily institutional-driven rather than retail-focused. MicroStrategy’s Executive Chairman, Michael Saylor, has made significant Bitcoin purchases, recently acquiring over 36,900 BTC. This has led to mixed reactions on social media: while many praise Saylor as a visionary, critics express concerns about the company's reliance on borrowed funds for these acquisitions. The market's response to MicroStrategy's buying spree underscores its influence on Bitcoin's perception as a legitimate investment. Additionally, rising metrics, such as daily active addresses and an increase in higher-tier Bitcoin wallets, indicate growing utility and institutional interest in Bitcoin, suggesting a more sustainable path for this bull market.

Chainlink has emerged as a key player in the crypto space, achieving a 51% increase in December 2024. Its advancements in the CCIP have attracted traditional financial institutions, further legitimizing its technology. The launch of Chainlink’s new staking program has not only increased user engagement, but has also reduced selling pressure. Meanwhile, the MOVE token, part of The Movement Network, experienced an impressive 84% rise shortly after its debut, driven by airdrop events and exchange listings. Despite concerns about potential sell-offs, MOVE’s innovative approach positions it well for future growth in the Ethereum scaling landscape.

Advanced

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Bitcoin Tests New ATH as Wallets Holding Bitcoin Surge to New Highs; LINK and MOVE Outperform

Learn about peaq network, a Layer 1 blockchain purposely built and optimized for dePIN and RWA.

Decentralized physical infrastructure networks (DePINs)

 are currently among the hottest sectors in the crypto space. peaq, a 

 blockchain purposely built and optimized specifically for these markets, aims to power a global infrastructure revolution using DePIN technology.

This article introduces you to the peaq network and the PEAQ token, and explores why this L1 chain is so popular among real-world asset and 

A decentralized physical infrastructure network (DePIN) is a network that uses blockchain technology to build and operate real-world infrastructures with decentralized governance and ownership. DePIN stands in sharp contrast to the traditional model, in which centralized entities manage their ecosystems with complete control.

DePINs take a community-driven approach and use crypto incentives to expand and maintain their infrastructures. This significantly reduces up-front investments for these networks, and empowers users with the ability to set up their own devices and earn tokens as providers. DePIN leverages this decentralized and distributed architecture to eliminate single points of failure (SPOFs) and enhance the security of the infrastructure.

Some of the most notable DePIN projects are as follows:

 is a high-performance L1 blockchain purposely built and optimized for DePINs and 

. Offering a wide range of tools for projects, over 50 decentralized DePINs in 21 industries are developing on the peaq chain. As the world's largest and fastest-growing DePIN ecosystem, peaq network hosts more than 3 million machines, vehicles, robots and devices and accounts for over $1 billion worth of total value in DePIN devices.

peaq network was co-founded by Max Thake, Leonard Dorlöchter and Till Wendler, bringing together their extensive expertise and experience in blockchain, decentralized networks and entrepreneurship.

Thake, a writer and entrepreneur, excels at simplifying complex technology and using this approach to solve problems. Dorlöchter, active in the blockchain space since 2015, is passionate about decentralization and self-sovereignty and is a member of the 

. Wendler has a strong background in tech startups and decentralized systems, which he leverages to navigate the complexities of the 

The trio, together with other team members, have dedicated their efforts to enable a more inclusive, transparent and equitable world through the advent of 

In March 2024, peaq raised $15 million in a round led by Borderless Capital and Generative Ventures. Additionally, the project secured $6 million and $2.5 million of funding from investors in June 2022 and June 2021, respectively, and participants contributed nearly $20 million to peaq network's public sale in May 2024, bringing the total funds raised to an impressive $43.48 million.

Besides Borderless Capital and Generative Ventures, notable investors behind peaq network include Animoca Brands, CMCC Global, The Spartan Group, DWF Labs, Fundamental Labs, Moonrock Capital, HashKey Capital and GSR.

peaq's modular DePIN functions are designed to empower developers to build next-generation decentralized physical networks. DePINs and 

 (DApps) can leverage these ready-to-use functions to equip their ecosystems with essential core functionalities. These include self-sovereign machine IDs, data verification, role-based access control, data storage, autonomous 

, machine payment processing and data indexing.

Modular DePIN functions work as building blocks for decentralized physical infrastructure networks, enabling them to explore synergies with peers and expand their demand sides. They’re available via the peaq SDK (software development kit) in JavaScript, allowing the seamless deployment of modules with approximately 15 lines of code. With peaq, developers can also enjoy increased flexibility and convenience with Wasm and 

peaq network's fast-growing ecosystem consists of over 50 DePINs in 21 industries, including energy, mobility and telecom. Some of the top DePIN and RWA projects building on peaq’s purpose-built L1 chain include :

In terms of use cases, peaq provides a wide range of utility for enterprises, ranging from mobility and connectivity to 3D printing, cloud gaming and drone delivery.

Practical examples of peaq network uses include co-creating the standards and infrastructure for the future of mobility under the 

. The project has an overall size of more than €20 million ($21 million) and includes participants like Bosch, Airbus, Continental, 

 in its car-sharing fleet to the peaq ecosystem, enabling users to invest in them via the web3 car-sharing app and earn rewards from rides they provide.

peaq network is powered by its native PEAQ token, which was launched on Nov 12, 2024 alongside the peaq blockchain's mainnet. The cryptocurrency's key utilities for users include the following:

With no cap on its maximum supply, PEAQ's total supply at genesis stood at 4.2 billion tokens, with an initial inflation rate of 3.5% that will decrease annually by 10% and stabilize once the network reaches 1% inflation. Currently, 4.212 billion PEAQ is circulating in the market. You can find out more about the token's genesis allocation 

peaq's network of DePIN and RWA projects is expanding at a rapid pace. Some key statistics and figures in this field are as follows:

With a high-performance, purpose-built Layer 1 blockchain, peaq network powers a fast-growing number of DePIN and RWA projects to power a global infrastructure revolution. Boasting more than $40 million in funding and over 50 DePINs, $25 million managed in tokenized real-world assets and 3 million devices within its ecosystem, the L1 chain already has a solid foundation to realize its vision and achieve its goals.

 via Bybit’s user-friendly and intuitive trading platform as a Perpetual contract? 

Intermediate

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Peaq Network: A Layer 1 Blockchain Purpose-Built for DePIN

Rootstock (RBTC) is an EVM- and smart contract–capable Layer 2 sidechain for Bitcoin designed for DeFi use cases.

 (DeFi) sector back in 2017 is firmly associated with the 

 (ETH) blockchain. It was Ethereum that introduced the concept of 

, and the first prominent DeFi protocols were all born on this blockchain. For a while, it seemed like 

 (BTC) stayed away from the emerging DeFi phenomenon. It’s only in the past few years that the Bitcoin DeFi ecosystem, dubbed BTCFi, seemingly started to show the first signs of life. This impression is, however, not entirely correct. As early as January 2018, the first DeFi-focused 

 solution for Bitcoin — the Rootstock (RBTC) sidechain — celebrated its mainnet debut.

Rootstock remains the oldest and longest-running Layer 2 platform for the Bitcoin ecosystem. It’s smart contract-capable and highly compatible with the 

 (EVM). While the platform can support all kinds of 

 (DApps), it specifically focuses on the DeFi niche, with nearly all of its leading apps dedicated to crypto finance use cases. Along with smart contract functionality, Rootstock enjoys the famed security of Bitcoin, thanks to its merged mining with the world's largest chain. The sidechain also features superior scalability and lower transaction fees than Bitcoin’s 

With this combination of benefits, it’s no wonder that the Rootstock sidechain has managed to keep a leading position in the fast-developing BTCFi field all these years.

 (RBTC) is a smart contract–capable Layer 2 sidechain designed for Bitcoin DeFi applications. Rootstock's native cryptocurrency, RBTC, is an asset pegged to BTC at a 1:1 ratio.

 Users can transfer their BTC funds to the sidechain, where their coins are converted to RBTC. From then on, users are free to use the RBTC crypto to make use of Rootstock's extensive ecosystem of DeFi apps and tools. Rootstock represents a major way for Bitcoin holders to enjoy smart contract–powered DeFi applications without having to move their assets and activity to Ethereum or other smart contract chains.

Since the Bitcoin network has virtually no smart contract capabilities, many DeFi-minded BTC holders have to convert their funds to Ether or other smart contract chain coins to enjoy crypto finance opportunities on those blockchains. While Ethereum, 

 (ADA) and other prominent smart contract chains offer a diverse array of DeFi solutions, the problem with converting BTC to these coins is the loss of peg; e.g., by exchanging BTC to ETH, you’re decoupling your funds from the world's largest cryptocurrency, well regarded by many investors as the gold standard in crypto investment.

Rootstock solves this issue by offering a BTC-pegged asset, RBTC, that can be swapped back for BTC at any time and returned to the Bitcoin Layer 1 environment. The platform essentially lets you enjoy a plethora of DeFi opportunities while keeping your overall funds tightly pegged to BTC.

Rootstock features EVM compatibility through its Rootstock virtual machine (RVM). This makes porting Ethereum DApps to the sidechain a breeze. The platform also enjoys the security of Bitcoin through a merged mining procedure, whereby miners can use the hash power contributed to securing the Bitcoin network to simultaneously mine blocks on Rootstock as well.

Rootstock's block production time is just 30 seconds, twenty times as frequent as Bitcoin's 10-minute intervals. This allows for fast and efficient transaction processing. At the same time, to ensure complete security of operations, Rootstock normally requires that each transaction go through a minimum of 12 confirmations, which takes the total time for complete transaction finalization to six minutes.

 difficulty is considerably lower than Bitcoin's, and its network congestion isn't anywhere near the levels of Bitcoin or Ethereum. As a result, gas fees on the chain are notably lower than on Bitcoin and Ethereum, with an average transaction fee of around five cents.

The Rootstock sidechain was first conceptualized in 2015 by a group of Argentinian software engineers from RSK Labs. It was officially launched in January 2018, making it the oldest existing Bitcoin Layer 2 solution. In its earlier years of operation, the platform was known as the RSK blockchain, but rebranded to Rootstock in 2022. The project's co-founders are Diego Gutiérrez Zaldívar, Adriȧn Eidelman, Gabriel Kurman and Sergio Demian Lerner.

Rootstock uses an address system compatible with and similar to Ethereum's, with 40 alphanumeric characters and an account-based model. This differs from the 

 (UTXO) model employed for Bitcoin transactions. Transactions on the sidechain directly modify account balances, similar to Ethereum, rather than adjusting unspent output amounts.

This account-based address system ensures adherence to EVM compatibility and easy accommodation of DApps ported from EVM chains.

, known previously as the RSK virtual machine, is a processing engine used by the sidechain. It's EVM-compatible, allowing developers to easily port and adapt Ethereum smart contracts and DApps to the Rootstock environment. Additionally, developers can use Solidity, the primary programming language used within the Ethereum ecosystem, to build Rootstock-based applications.

The project's team tries to maintain compatibility between RVM and EVM carefully. Around once a year, the Ethereum developer community performs a 

 of the blockchain, upgrading it to a new version. The key goals of these upgrades are to introduce new functionality, address security concerns and improve existing features. If the new features introduced by Ethereum align with the ethos and goals of the Rootstock project, the team initiates a corresponding hard fork upgrade to the sidechain and RVM in order to maintain the snug compatibility between the processing engines of the two chains.

Rootstock's security mechanism is well protected, thanks to 

 with Bitcoin. Like Bitcoin's Layer 1, Rootstock uses the 

 (PoW) block generation procedure. Miners can merge-mine RBTC using the same 

 power they contribute to mining Bitcoin. This provides an excellent way for miners to earn additional crypto income without the need to contribute more computing capacity. Merged mining is also a key way for PoW blockchains to reduce their environmental impact.

Since the average block time on the Rootstock blockchain is only 30 seconds, miners can expect more frequent rewards from their block generation activity. In general, Rootstock's mining difficulty is lower than Bitcoin's, allowing less powerful mining machines to still generate income on the network.

Rootstock's mining rewards are paid out in RBTC, the BTC-pegged asset that we'll cover in more detail later in the article.

 is Rootstock's system to ensure a peg between BTC and RBTC and the secure transfer of assets between the sidechain and Bitcoin Layer 1. The Rootstock PowPeg allows anyone to lock BTC on the Bitcoin chain and get securely issued RBTC on the Rootstock side. PowPeg also facilitates the process of burning RBTC on Rootstock and receiving the requisite amount of BTC on Layer 1.

Rootstock PowPeg uses Bitcoin's PoW to maintain the security and integrity of the peg in conjunction with institutional nodes running specialized 

 devices. PowHSMs securely sign transactions involving the transfer of assets between Rootstock and Bitcoin. The group of nodes running PowHSMs, called the PowPeg Federation, is currently made up of nine reputable organizations in the blockchain sphere — BlockVenture, Luxor, Сollider, Сonstata, Mycointainer, pNetwork, Sovryn, Xapo and RootstockLabs.

Rootstock Smart Bitcoin (RBTC), previously known as RSK Bitcoin, is the platform's main cryptocurrency. RBTC is pegged to BTC at a ratio of 1:1 through the securely enabled PowPeg mechanism covered above. Like BTC on the Bitcoin blockchain, RBTC is used to pay transaction fees and reward miners on the Rootstock network. However, unlike BTC, RBTC can also be used within DApps for functions like collateral provision, lending, borrowing and more.

Given RBTC's peg to BTC, it’s not surprising that its tokenomics borrows some critical parameters from Bitcoin. RBTC's total supply is specified at 21 million, matching the 

The Rootstock platform also has a second token, RIF, primarily designed to support DApps that are part of the 

 (RIF) protocol, a layer built on top of the Rootstock chain for apps designed for staking, lending, payments and other DeFi use cases. There are currently several RIF DApps on Rootstock that can use the RIF token.

 within these DApps. It can also be staked on Rootstock to open up the opportunity to participate in on-platform 

. By staking RIF, you’re issued stRIF tokens, which enable you to participate in governance votes via the 

. This is the platform's primary governance entity, through which community members — users and developers — can influence the future direction and improvements to the sidechain and its ecosystem.

For instance, during the early stages of the DAO's operation, community members can vote on the allocation of ecosystem grants. In the future, decision-making on other initiatives (e.g., rewarding developers contributing to the growth of Rootstock) will be implemented.

RIF is a supply-capped token, with a total and maximum supply of 1 billion. The token's overall supply allocation shares, as outlined in the project's white paper, are as follows:

As a leading Bitcoin sidechain capable of executing smart contracts, Rootstock boasts a thriving ecosystem of DApps, primarily in the DeFi domain. As of mid-December 2024, the total number of applications, utility tools, wallets and other smart contract–enabled solutions on Rootstock stands at close to 180.

One of the leading applications on the chain is Sovryn, a decentralized Bitcoin trading and lending platform. Another popular DeFi app is 

 (AMM) built on the Ethereum blockchain. In addition to a plethora of DeFi apps, Rootstock has solutions for 

The Rootstock Runes Mock Bridge project allows developers to create Rune tokens on the sidechain. Introduced in April 2024, the 

 has opened a way to efficiently create Bitcoin-based fungible tokens by leveraging the blockchain's native UTXO transaction model. Rootstock's Runes Mock Bridge supports the process of creating these tokens by first etching Runes on a Bitcoin, and then mirroring their representations to the sidechain. The replication of Bitcoin-based Runes tokens on Rootstock is enabled via the ERC-1155 token standard. This is a standard utilized on EVM-compatible chains to transfer blockchain assets of both fungible and non-fungible varieties efficiently.

Rootstock Token Bridge is a bridging solution designed to facilitate the transfer of ERC-20 assets between the Rootstock sidechain and Ethereum. Although Rootstock and Ethereum share the same address format and model, sending assets between these chains directly via your wallet may not work. Instead, to transfer assets, you are advised to use the Rootstock Token Bridge, which will convert the transferred tokens to a requisite format.

 projects active on the Rootstock chain. One of these, NFTs2Me, allows you to create NFTs with no coding skills required. The other project, coNFT, is a comprehensive multichain platform that offers users a wide variety of NFT-focused products and services — 

 name service, analytics and more. coNFT has access to data and NFT services across over 100 blockchain platforms.

The oldest Bitcoin sidechain in existence, Rootstock continues to play a key role in the development of Bitcoin-linked DeFi — BTCFi. The platform's EVM compatibility also positions it as a major bridge between the Ethereum and Bitcoin ecosystems — the blockchain environments of the world's two leading cryptocurrencies by market capitalization.

Over the years, Rootstock has accumulated a comprehensive arsenal of DeFi solutions — DEXs, liquidity management apps, 

 platforms, lending and borrowing protocols, NFT utilities and more. At the same time, RBTC's peg to BTC presents a unique way for crypto users to enjoy these DeFi protocols while holding an asset tightly coupled with Bitcoin's market price.

Developers can also enjoy a familiar environment, with the Solidity programming language and an EVM-compatible account model utilized by the sidechain.

Importantly, Rootstock offers efficient transaction processing — supported by its 30-second block intervals — and lower transaction fees than either Ethereum or Bitcoin. With gas fees a major concern for users on both of these Layer 1 chains, Rootstock is a platform that deserves close attention from both DeFi users and developers.

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Rootstock (RBTC): Boosting Bitcoin DeFi With Smart Contracts

Dive into World Liberty Financial, a decentralized finance (DeFi) project inspired by Donald Trump, and its native WLFI token.

 (DeFi) project inspired by Donald Trump, the incoming president of the United States. The project aims to provide innovative financial solutions while leveraging the Trump brand's influence. This article will explore the project’s key features, the Trump family's involvement and the utility and tokenomics of the WLFI token.

 is a DeFi project designed to revolutionize modern financial transactions. This project operates on blockchain technology and integrates advanced DeFi tools that allow users to trade, earn and borrow with efficiency. 

 has publicly promoted the launch of World Liberty Financial and its native WLFI token.

On October 16, 2024, Donald Trump posted on X announcing that the project was live. His family members are also significantly involved in this exciting project. Donald Trump Jr. and Eric Trump are at the forefront, working diligently to develop the platform and promote its goals.

Barron Trump, just 18 years old and a freshman at NYU, has taken on the role of “Chief DeFi Visionary.” The Trump family has utilized social media to build interest in World Liberty Financial, asserting that it could transform personal finance management for individuals everywhere. Despite their involvement, the project claims to remain non-political and separate from any political campaign. 

Aside from Donald Trump and his family, there are other people on the team behind this DeFi initiative. The official website lists five co-founders: Chase Herro, Zak Folkman, Steven Witkoff, Zach Witkoff and Alex Witkoff. The project also features notable advisors, including Sandy Peng from Scroll and Luke Pearson from Polychain Capital.

Its primary mission is to empower users by providing them with tools for financial independence. Below are some key features.

World Liberty Financial Holdings has recently captured attention through its 

. The World Liberty Multisig wallet completed $12 million worth of transactions, demonstrating a clear strategy to build a well-rounded cryptocurrency portfolio.

 was 2,631 ETH for $10 million, purchased at $3,801 per token. Ethereum’s smart contract capabilities make it a cornerstone of many DeFi projects, solidifying this as a strategic decision for the platform. The wallet also secured 41,335 LINK for $1 million at $24.20 each. Additionally, $1 million was allocated to purchase 3,357 AAVE at $297.80 per token. AAVE is a leader in DeFi, offering seamless lending and borrowing solutions.

The WLFI token is important in the World Liberty Financial ecosystem. Built as an ERC-20 token, it powers several essential functions on the platform:

The tokenomics of WLFI include a total supply of 100 billion tokens. Below is an outline of its distribution structure:

The launch of the WLFI token has faced significant challenges and has failed to meet its initial sales targets. Investors showed less interest than anticipated, leading to sluggish sales for the World Liberty Financial project. This disappointing start raised concerns about the project's viability in the competitive decentralized finance (DeFi) landscape. Despite the backing of Donald Trump, the token struggled to attract the expected level of investment during its initial offering.

In a surprising turn of events, Justin Sun, the founder of the TRON blockchain, stepped in with a substantial 

. Sun's purchase allowed him to acquire over half of all WLFI tokens sold, positioning him as the largest investor in the project.

World Liberty Financial aims to make a significant impact in the DeFi sector, which has largely underperformed throughout the current bull market. The potential of clearer regulations for the wider crypto industry under the incoming Trump administration has boosted investors’ hopes for a revival of the DeFi space. 

Furthermore, backing from the Trump family has drawn considerable attention to the World Liberty Financial project. However, it’s essential for potential investors to 

 before committing funds to avoid scams and ensure safe engagement with financial projects.

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World Liberty Financial: Trump's DeFi Project

Bybit Learn

Options

Options are a great way to hedge your crypto portfolio so you profit regardless of market volatility. From Bybit to L

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Choosing the best crypto options exchange is a lot harder than it sounds. With new platforms being founded every day, the choices can be a bit overwhelming. Whether you’re a new or advanced trader, use this guide to learn where to trade crypto options, and explore some of the best crypto options exchanges available.

What Is a Crypto Options Trading Platform?

A crypto options trading platform enables users to buy or sell crypto options contracts. Crypto options trading platforms give traders the ability to buy and sell call and put contracts that offer cryptocurrencies as the underlying asset. Much like their traditional finance counterpart, crypto options from these trading platforms are popularly used as hedging and leveraging instruments.

How to Choose the Best Crypto Options Trading Platform

Crypto options trading is a popular investment method that involves buying and selling contracts. Each contract grants the holder the right to buy or sell an asset at a specific price on a specific day. While there are multiple crypto trading strategies that involve options, many traders make multiple transactions per day. Choosing the right platform for crypto options trading is critical to saving money and properly executing your trades.

The best crypto options trading platforms will start by having you create an account on their website or app. To start trading, you’ll need to deposit funds. While each platform is different, most crypto options trading platforms will require a deposit in U.S. dollars. Once your funds are cleared, you’ll be able to browse available contracts for cryptocurrencies such as Bitcoin (BTC) or Ether (ETH). Each crypto options trading platform will have a slightly different buying and selling process.

When selecting the best crypto options exchange, there are several factors to consider.

While most crypto options trading platforms will offer Bitcoin, there are several Tier 1 and 2 assets that can be traded and leveraged. Some of the best crypto options trading platforms offer over 100 different altcoin contracts. Carefully examine the options offered by each platform, especially if you’re hoping to become more involved with new altcoins as they’re released.

You’ll always want to use a crypto options trading platform with high liquidity and a variety of option contracts available.

Exchange fees can make or break a trading strategy. While some platforms offer free trades, some of the best crypto options trading platforms use a tiered exchange fee structure. If you’re planning on making several trades per day, you’ll need to compare the fees of multiple platforms. Remember, while fee percentages may seem low, they’ll add up over time! The best crypto options exchanges won't break your bank.

One of the first things people consider when deciding where to trade crypto options is reputation. While some of the best crypto options trading platforms have been around for years, there are several newer exchanges with stellar reputations.

Reputation means much more than quality of customer care and ease of use. It’s also about mitigating risks. In addition to reading user reviews of each of the best crypto options trading platforms, you’ll need to analyze each exchange's structure. Depending on the structure of the crypto options exchange, there could be an increased risk of bankruptcy.

Another big deciding factor in where to trade crypto options are the payment methods the exchange accepts. Several of the best crypto options trading platforms only use cryptocurrency to complete transactions, which could be problematic for some traders. Other traders may find strictly using Bitcoin or Ether to be a huge time-saver. Some crypto options trading platforms, such as Bybit, complete transactions using USDC to help reduce price fluctuations.

Each of the best crypto options platforms will also have slightly different deposit and withdrawal methods. Some platforms also limit the number of withdrawals you can make each day, or the times at which you can make them.

Safety is critical for both online traders and platforms, but you may want to avoid verification (depending on your strategy). When deciding where to trade crypto options, carefully read the verification and security requirements of the exchange. Some of the best crypto options trading platforms will verify your identity using government-issued IDs, rather than 

Customer support also plays a critical role in choosing the best crypto options trading platform. Even if you’re an advanced trader who doesn’t anticipate needing assistance, you’ll have greater peace of mind if you choose a platform with a reputation for providing superlative customer care.

Keep in mind that some exchanges offer different types of support. A reputable platform will provide polite and attentive support. The best crypto options trading platforms will offer 24-hour customer care by email, live chat or phone. Other platforms may have active communities and forums to help you answer more advanced trading questions. These can be a great supplement for exchanges that don't offer 24-hour customer service.

The more you develop your trading strategy, the more tools you’ll use. Select an adaptable crypto options platform with plenty of features and easy software integration. For example, you can access Bybit data on 

 to trade cryptocurrency derivatives contracts. The best crypto options exchanges will be adaptable, and consistently adding new features.

Which Are the Best Crypto Options Trading Platforms?

After learning more about what to look for in the best crypto options exchanges, you’ll begin to see which ones complement your strategy. There are several convenient and effective crypto options trading platforms available.

When deciding where to trade crypto options, consider signing up for several of the best crypto options trading platforms. This will allow you to see firsthand what each one has to offer. Here are a few of the best crypto options exchanges for hedging strategies.

Bybit offers a wide range of trading solutions and features, making it among the best crypto options exchanges available. In addition to offering options and futures trading, the platform offers grid bot trading, spot trading, margin trading and early access to new tokens. Bybit also supports several coins for derivatives, including Bitcoin, Ethereum, Ripple and EOS. The options Bybit offers are all collateralized using USDC to avoid extreme price fluctuation. If you have any questions about their easy-to-use platform, you can contact multilingual customer support using live chat or email.

While Bybit is one of the fastest growing crypto options trading platforms, there are currently a few geographical restrictions, which exclude trading in countries such as Australia, Denmark, Finland, the United Kingdom and the United States.

Based in Singapore, Delta Exchange is among the best crypto options trading platforms because it offers several different derivatives, including Bitcoin, Ether, Dogecoin, Cardano ADA and several other altcoins. Each asset can be traded with up to 100X leverage, creating adaptability to a lot of different trading strategies. While this platform tends to have smaller liquidity, it features the largest available variety of options contracts, with low fees. All margins and trades are completed in Bitcoin or Ether.

As with Bybit, there are several geographical restrictions on the platform. It cannot be used by residents of the U.S., Afghanistan, Canada, Cambodia, Crimea, Cuba, Iran, North Korea, Syria or Pakistan. Despite the long list of geographical restrictions, Delta Exchange is very accessible and easy-to-use worldwide.

Deribit is known for having large trade volumes for Bitcoin and Ether, making it a good choice for institutional investors wondering where to trade crypto options. Because several strike prices and expiration dates are available, investors can create tight spreads and easily find contracts that match their trading strategies.

Deribit is based in Amsterdam, so crypto options are handled a bit differently than in the U.S.. European-style options are only executed on the expiration date and are always settled in cash, rather than the underlying asset. While Deribit offers traders several advanced features and excellent customer support, it does have much higher fees than Bybit and some other platforms.

FTX US Derivatives, previously known as LedgerX, is a Hong Kong-based exchange offering European-style Bitcoin options. As one of the largest and best crypto options trading platforms, with $4 billion in daily turnover, FTX supports a wide range of assets for derivatives, including Bitcoin, Ether, Binance Coin, SOL and several other altcoins. Traders can buy and sell contracts with fairly low fees and up to 20x leverage. Additionally, KYC verification is required in order to use the platform.

While FTX can be used worldwide, it isn’t open to Antigua, Barbuda, Cuba, Iran, North Korea, Syria or United States residents.

Binance is the largest cryptocurrency trading platform and is accessible to most countries. The platform offers the widest range of crypto assets, and has the highest asset liquidity, making it a great starting point for anyone wanting to know where to trade crypto options.

What makes Binance one of the best crypto options trading platforms is its features. In addition to offering trading for over 150 cryptocurrencies, the platform also has spot and futures trading for several Tier 1 cryptocurrencies. Options traders can trade using up to 125x leverage and make withdrawals in under 30 minutes, making the platform a practical choice.

Binance is one of the easiest platforms to use, and doesn’t have the same geographic restrictions as other platforms. While there are an overwhelming number of features and exchange interfaces, the trading process is very straightforward.

OKX is another cryptocurrency trading exchange that doesn’t have strict geographical and verification requirements. It’s one of the best crypto options trading platforms because traders can begin using it immediately. OKX users can exchange hundreds of different assets, and there are several coins supported for derivatives, including Bitcoin, Ether and Litecoin. All transactions are completed using tokens. Users can only make withdrawals in cryptocurrency.

In addition to offering up to 100x leveraged options trading, OKX offers a flexible savings account, staking and low fees per transaction. This makes it among the best crypto options exchanges for both new and advanced traders.

Unlike other crypto options trading platforms on this list, Quedex stands out because it made the conscious decision to store all of its BTC in offline vaults. On top of being the world’s first Bitcoin-only futures and options exchange, Quedex also managed to secure its license as a regulated futures and options exchange by the Gibraltar Financial Service Commission.

With margin trading of up to 10x on BTC options and an active risk management system that prevent negative balances on your account, Quedex spares no expense in ensuring a smooth and risk-managed trading experience for anyone who signs up. While other best crypto options trading platforms might dabble with altcoins to provide more choice for speculative options traders, it’s ultimately this simplicity that makes traders flock in droves to Quedex. 

Bit.com is a more advanced platform, especially when compared to IQ Options. The platform offers several features aimed at helping investors with all skill levels. The Unified Margin (UM) system helps to minimize risks and use all portfolio assets as collateral for trades. You’ll be able to complete crypto options, futures, margin, spot and perpetual trades from a single account. Not only is this convenient and cost-effective, but it can also be a huge time-saver if you’re developing a complex trading strategy.

While Bit.com has more of a learning curve, it’s one of the best crypto options trading platforms because it offers all the features professional traders seek. Fees are also reasonable, with Taker fees starting at 0.0300% and Maker fees starting at 0.0200%. If you’re an advanced trader wondering where to trade crypto options, Bit.com could be a good starting point.

After deciding where to trade crypto options, you can benefit from reading more about the trading process in order to avoid making mistakes.

Bybit is one of the best crypto options trading platforms because of its simplicity. After you create your Bybit account and deposit funds, you’ll be able to buy and sell options. On the web platform, click on the word 

 in the navigation bar. You can then select from a few different derivatives using the drop-down menu.

. The default trading page will display Bitcoin values in USD, but you can easily switch to ETH, EOS or XRP. Then, explore the available contracts and select one you’d like to trade. In the Order Zone, you’ll need to select from Cross or Isolated margin mode, as well as your desired leverage. You can then set a buy or sell limit, or select 

. Enter the amount you’d like to trade and select either 

, be sure to go over every detail in your order carefully. It cannot be undone once you hit 

. The process to complete a trade on Bybit’s mobile app is very similar. If you have any questions about how to complete a transaction, 24-hour multilingual customer support is available.

Interested in getting started with Bybit’s USDC collateralized options? From SOL to 

, sign up with us today to begin your crypto options trading journey.

When it comes to finding the best crypto options exchange for you, there are several factors to consider as mentioned above. While some traders may like the simplicity of a platform like Bybit, others may benefit from the institution-friendly nature of Deribit or enjoy the familiar features and high asset liquidity of Binance. 

Ultimately, if you’re wondering where to trade crypto options, try using multiple platforms from this list to identify which one will be the most time-efficient and cost-effective for your trading strategy. We hope our list of best crypto options trading platforms has provided you with the knowledge necessary so you can pick the one that best fits your needs. Need a way to remember all the facts in our handy best crypto options trading platforms guide? Refer to our infographic below.

9 Best Crypto Options Trading Platforms For Hedging Strategies

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards