The cryptocurrency exchange Coincall has officially entered the top five global crypto options exchanges by trading volume. This significant milestone was achieved just 18 months after its founding, highlighting Coincall’s rapid growth and increasing appeal among both institutional and retail traders in the options space.
Internal data and third-party analysis indicate that Coincall’s surge in performance is tied to its strategic initiatives in the first quarter. These include collaborations with well-known crypto partners such as SignalPlus, DWF, and Big Candle Capital, along with high-impact marketing campaigns and the introduction of new product features.
The Rise of Crypto Options: From Niche to Mainstream
Once the domain of quantitative analysts and hedge funds, options are fast becoming essential tools for crypto-native investors. These contracts grant traders the right—but not the obligation—to buy or sell an asset at a fixed price, enabling sophisticated hedging, volatility plays, and directional speculation.
As the digital asset market matures, crypto options are increasingly seen as a core component of the financial stack. Earlier reports suggested that Coinbase was in advanced talks to acquire Deribit, a leading platform for BTC and ETH options trading, at a valuation between $4 billion and $5 billion. Although updates on the negotiations have since slowed, the market signal is clear: crypto derivatives are no longer a side show—they’ve taken center stage.
Coincall: The Youngest Among Top Crypto Options Exchanges
Coincall stands out not only for its growth rate but also for its youth as a company. Founded in late 2023, Coincall is already among the leading platforms in the crypto options space, with a current scale estimated at 9–10% of Deribit’s size.
Data from Laevitas shows that Coincall held an average market share of 5.43% between March 8 and March 17, 2025, peaking at 10.15% on March 15. Its share of global trading volume was also notable: 9.78% on March 8 and 6.64% on March 16. These numbers reflect both the expansion of the global crypto options market and the intensifying competition within it.
Coincall’s relative market share and growth trajectory make it the youngest exchange ever to break into the top five rankings—and a viable candidate for acquisition or institutional partnership among emerging platforms. As attention shifts from established giants to agile market challengers, Coincall has emerged as one of the most promising contenders, with a market share nearly on par with industry heavyweight Bybit.
Visionary Leadership and Strategic Appointments
In January of this year, Coincall appointed Daryl Teo—a former strategist at Alibaba Group (NASDAQ: BABA) and long-time crypto investor—as its Chief Operating Officer and minority stakeholder. He joined the executive team led by CEO Jimmy, whose members previously held roles at major firms such as OKX, Paradigm, and ByteDance.
“We are witnessing cryptocurrencies gain legitimacy at the consensus level as a store of value,” Teo commented. “Options are the next wave—they offer leverage, flexibility, and strategic depth. Coincall’s mission is straightforward: to make investing fast, intuitive, and secure for everyone.”
👉 Explore advanced trading strategies
Introducing “Earn While You Trade”: Unlocking Yield and Capital Efficiency
Coincall’s latest innovation is the “Earn While You Trade” (EWYT) feature, designed to eliminate the trade-off between liquidity provision and active trading.
With EWYT, users can:
- Earn up to 6.4% annual percentage yield (APY) on idle USDT holdings;
- Use up to 90% of staked funds as trading margin;
- Withdraw funds at any time—no lock-up periods;
- Significantly improve capital efficiency for active traders.
This feature allows users to generate yield from unused assets without sacrificing trading flexibility, enhancing overall portfolio efficiency.
Macro Momentum: The Return of Crypto Infrastructure
Coincall’s ascent reflects a broader tailwind for crypto infrastructure projects. According to PitchBook, venture funding in crypto and blockchain startups reached $11.5 billion across 2,153 deals in 2024, signaling a strong rebound after a prolonged bear market.
“The next phase of the crypto industry will be defined by real infrastructure,” Teo noted. “Platforms that are consciously built with capital efficiency and user accessibility in mind will shape 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 income generation.
How does Coincall’s “Earn While You Trade” work?
Users can stake USDT and earn yield while still using a large portion of those funds as margin for trading. This improves capital efficiency and offers flexibility not found in traditional earn products.
Is Coincall suitable for beginner traders?
While options trading can be complex, Coincall emphasizes user-friendly design and educational resources, making it increasingly accessible to traders at all experience levels.
What makes Coincall different from other options exchanges?
Coincall focuses on capital efficiency, low latency, and innovative features like EWYT. Its rapid growth and partnerships also distinguish it from longer-established platforms.
Can I trade on Coincall from any country?
Coincall serves users in many regions, but it's important to check local regulations regarding crypto derivatives trading to ensure compliance.
Does Coincall offer support for institutional traders?
Yes, Coincall provides API support, deep liquidity, and services tailored to institutional clients, including market makers and investment funds.
About Coincall
Coincall is a next-generation cryptocurrency options exchange founded in 2023. It focuses on accessibility, capital efficiency, and seamless trading experiences. With deep liquidity, fast execution, and innovative features like Earn While You Trade, Coincall is helping to shape the future of digital asset derivatives.