FalconX rolls out 24/7 OTC crypto options trading with BTC, ETH, SOL and HYPE at launch
Institutional digital asset prime broker FalconX announced the launch of Electronic Options on Monday — a 24/7 trading platform that aims to combine the efficiency and scalability of electronic execution alongside the tailored features of over-the-counter crypto options trading.
The crypto options market is expanding quickly as hedge funds, market makers, and fintech platforms seek hedging, volatility, arbitrage, and ETF-related strategies. However, FalconX argues that crypto options trading has historically been constrained by fragmented OTC markets and limited access through exchange platforms, creating inefficiencies for institutions. Electronic Options seeks to address this by offering 24/7 execution of options strategies through both a user interface and API, supported by FalconX's liquidity network and established trading infrastructure — one of the largest institutional options desks globally.
"The options market is the next major frontier in institutional crypto," FalconX Global Co-Head of Markets Josh Lim said in a statement shared with The Block. "We built this platform to address the longstanding challenges of fragmented liquidity and lack of round-the-clock access. With FalconX Electronic Options, clients get the same execution quality our OTC desk is known for — now in a format designed for scale, distribution, and true 24/7 access."
Launching with support for BTC, ETH, SOL and HYPE
Backed by investors including Accel, GIC, and Tiger Global Management, FalconX's Electronic Options platform draws on Request for Quote (RFQ) models that modernize FX, rates, and credit markets. It's designed to meet institutional standards with differentiated liquidity, intuitive workflows, and seamless integration.
At launch, the platform offers options on BTC, ETH, SOL, and HYPE, with features including proprietary principal liquidity for improved pricing, a matrix-style builder for multi-leg strategies, and plans to expand coverage to additional altcoins.
Crypto trading technology provider Talos is one of the first partners to integrate the solution via API.
"FalconX's Electronic Options platform sets a new bar for institutional access to crypto derivatives, combining deep liquidity with best-in-class execution infrastructure," Talos CEO Anton Katz said. "This launch is a major step forward in scaling professional crypto markets and expanding access to sophisticated tools across the ecosystem."
Growing adoption of crypto options
The launch comes amid growing adoption in the crypto options space more generally. Earlier this month, CME Group set out plans to launch options on its SOL and XRP futures products, in addition to BTC and ETH.
In August, Coinbase completed the acquisition of crypto derivatives exchange Deribit — positioning the platform as the global leader in crypto derivatives by open interest and options volume, integrating Deribit's $59 billion in open interest and over $1 trillion in annual trading volume.
Last year, the Securities and Exchange Commission gave NYSE and Cboe the go-ahead to list options trading for multiple spot Bitcoin ETFs. Subsequent proposals were also submitted to the agency for options on spot Ethereum ETFs.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.