The cryptocurrency exchange Coincall has officially entered the top five global crypto options exchanges, a significant milestone achieved just 18 months after its founding. This accomplishment highlights the platform's rapid growth in a market increasingly favored by both institutional and retail traders.
Internal data and third-party analytics indicate that Coincall’s surge is closely tied to its successful first-quarter strategies. These include high-impact marketing campaigns, the launch of multiple new products, and collaborations with well-known crypto partners such as SignalPlus, DWF, and Big Candle Capital.
The Evolution of Crypto Options: From Niche to Mainstream
Once the domain of quantitative traders and hedge funds, options have become essential tools for crypto-native investors. These contracts grant the right—but not the obligation—to buy or sell an asset at a specific price, enabling advanced hedging, volatility strategies, and directional speculation.
As the digital asset market matures, crypto options are increasingly viewed as a critical component of financial infrastructure. This narrative gained mainstream attention with reports that Coinbase was in acquisition talks with Deribit, the dominant platform for BTC and ETH options, in a deal valued at an estimated $4 to $5 billion. Although negotiations have since cooled, the market signal is clear: crypto derivatives are no longer peripheral—they are central to the action.
Rapid Ascent of the Youngest Top-Tier Exchange
Coincall’s rise is not only swift but also notably youthful. The exchange was founded in late 2023 and now ranks among the industry leaders, currently operating at a scale roughly 9% to 10% of Deribit’s.
According to Laevitas data, Coincall achieved an average market share of 5.43% between March 8 and March 17, 2025, peaking at 10.15% on March 15. The platform also recorded strong performances on March 8 and March 16, with market shares of 9.78% and 6.64%, respectively, demonstrating sustained momentum and growing competitiveness in the global crypto options market.
Coincall’s relative market share and growth trajectory make it the youngest exchange ever to break into the top five, positioning it as an attractive candidate for acquisition or institutional partnership. As market attention shifts from established giants to agile innovators, Coincall has secured a place at the center of industry conversations.
Leadership Driven by Vision
In January 2024, Coincall appointed Daryl Teo, a former strategist at Alibaba Group (NASDAQ: BABA) and a long-term crypto market investor, as its Chief Operating Officer (COO) and minority shareholder. He joined a leadership team led by CEO Jimmy, which includes industry veterans from OKX, Paradigm, and ByteDance.
“We are witnessing cryptocurrency achieve consensus legitimacy as a store of value,” Teo stated. “Options will be the next wave—they combine leverage, flexibility, and strategy. Coincall’s mission is simple: to make investing fast, intuitive, and safe for everyone.”
“Earn While You Trade”: Unlocking Yield and Capital Efficiency
Coincall’s latest innovation, the “Earn While You Trade” (EWYT) feature, aims to resolve the traditional trade-off between yield farming and active trading.
With EWYT, users can:
- Earn up to 6.4% annualized yield on USDT holdings
- Use up to 90% of staked funds as trading margin
- Withdraw funds at any time—no lock-up periods
- Enhance capital efficiency for active traders
This feature allows users to generate yield from idle assets without compromising their trading activities, offering a smarter way to utilize capital.
👉 Explore advanced trading strategies
Macro Trends: Crypto Infrastructure Makes a Strong Comeback
Coincall’s ascent reflects a robust recovery in the broader crypto infrastructure market. According to PitchBook data, $11.5 billion in venture capital was invested in crypto and blockchain startups in 2024 across 2,153 deals—marking a strong rebound from the previous bear market.
“The next phase of the crypto industry will be defined by real infrastructure,” Teo noted. “Platforms built around capital efficiency and user accessibility will shape the landscape for the next decade.”
Frequently Asked Questions
What are crypto options?
Crypto options are financial contracts that give traders the right to buy or sell a cryptocurrency at a predetermined price before a specific expiry date. They are used for hedging, speculation, and generating income.
How does Coincall’s “Earn While You Trade” work?
The EWYT feature allows users to stake USDT and earn yield while simultaneously using a portion of those staked funds as margin for trading. This improves capital efficiency by enabling assets to serve dual purposes.
Is Coincall suitable for beginner traders?
Yes, Coincall emphasizes accessibility and user-friendly design, making it suitable for both newcomers and experienced traders. Features like EWYT and intuitive interfaces help lower the entry barrier.
What makes Coincall different from other options exchanges?
Coincall stands out due to its rapid growth, innovative features like EWYT, and strong capital efficiency focus. It also offers deep liquidity and a seamless trading experience.
Are there risks involved in options trading?
Yes, options trading involves significant risk, including the potential loss of invested capital. It is important to understand leverage, market volatility, and strategy before participating.
How can I stay updated on new features or changes?
Regularly check the official platform for announcements and updates. Engaging with community channels and educational resources can also help you stay informed.