Options
Trade the only physically delivered cryptocurrency options currently available in the United States, featuring BTC and ETH options. Physical delivery enables tighter tail risk management and direct asset ownership. Our Bitcoin options are part of the comprehensive Bitcoin Complex®.
What Are Cryptocurrency Options?
Cryptocurrency options are derivative contracts that give the holder the right, but not the obligation, to buy (call) or sell (put) a specific amount of cryptocurrency at a predetermined price (strike price) on or before a specified date (expiration). Our physically delivered options provide direct ownership of the underlying cryptocurrency upon exercise.
Key Features
- Physical Delivery: Take delivery of actual cryptocurrency, not cash
- European-Style Exercise: Can only be exercised at expiration
- Multiple Strikes: Various strike prices for different strategies
- Standardized Contracts: Consistent contract specifications
Industry-Leading Options Suite
Bitcoin Options
- The only physically delivered Bitcoin options in the U.S.
- Take delivery of actual Bitcoin at expiration
- Multiple strike prices and expirations
- European-style exercise
Ethereum Options
- Pioneer physically delivered ETH options
- Direct integration with ETH infrastructure
- Standardized contract sizes
- Physical settlement guaranteed
The Physical Delivery Advantage
True Price Convergence
- Perfect alignment with underlying assets
- No cash settlement risk
- Direct asset ownership
- Seamless spot market integration
Superior Risk Management
- Physical delivery eliminates basis risk
- True hedging capabilities
- Real asset-backed positions
- Institutional-grade settlement process
Professional Trading Environment
Regulatory Excellence
- CFTC-regulated platform
- Full regulatory compliance
- Institutional-grade security
Advanced Infrastructure
- Professional-grade trading infrastructure
- Comprehensive settlement systems
- Institutional risk management framework
Trading Strategies
Versatile Applications
- Physical asset accumulation
- Yield enhancement
- Risk hedging
- Directional trading
Strategy Building Blocks
- Covered calls with physical delivery
- Protective puts with asset backing
- Spreads and combinations
- Multi-leg strategies
Infrastructure Benefits
- Professional-grade execution infrastructure
- Comprehensive settlement systems
- Institutional risk management framework
Market Innovation
Current Offerings
- Physical Bitcoin options
- Physical Ethereum options
- Multiple strikes and expirations
- European-style exercise
Trading Advantages
- Physical settlement
- Capital efficiency
- Risk management precision
Start Trading
Trade US Perpetual Futures, Physical Futures, and Options on the Bitcoin Complex®, XRP, ETH, SOL, and more.
Signing up with Bitnomial, Inc. requires additional verification with an FCM to trade futures. Futures accounts are offered by Bitnomial Clearing, LLC, a CFTC-registered FCM and NFA member. Trading in futures involves substantial risks. You should only trade in financial products that you are familiar with and understand the associated risks, and after carefully considering whether such trading is suitable in light of your investment experience, financial position, and investment objectives. Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount. See Bitnomial entity affiliation and registration disclosures and FCM financial and risk disclosures.