options

According to The Block, payment company Visa has included the Monad blockchain network in its stablecoin settlement program, allowing participating issuing institutions and acquiring institutions to settle through this network.The Monad Foundation stated that Monad has joined the ranks of blockchains supported by Visa, including Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, Polygon, and Tempo, with the latter five announced as supported in April this year. Compared to traditional card settlements that follow a five-business-day banking schedule, blockchain settlements allow funds to flow on weekends and holidays.Dan Roesbery, Vice President of Global On-Chain Partnerships and GTM at Visa, stated that the goal is to allow partners to flexibly choose the blockchain network that best meets their needs for settlement. The support for Monad expands the options for partners and is another step in building a multi-chain stablecoin payment settlement infrastructure. Visa disclosed that as of September 2026, its stablecoin settlement annualized run rate reached $20 billion, a year-on-year increase of more than 15 times, with over 225 stablecoin-related card projects launched globally.Monad is developing a privacy feature called Private Settlement for institutions, expected to launch in the coming months, which will allow institutions to keep sensitive transaction details confidential while sharing these details with auditors or regulators when necessary. This feature is built directly into Monad, and privacy transactions can use the same liquidity as other transactions on the network without slowing down settlement.Keone Hon, co-founder and General Manager of the Monad Foundation, stated that the next phase will depend on whether institutions can keep sensitive fund flows confidential without leaving the open network. Visa has also explored privacy settlements on Canton, announcing in June a proof of concept with stablecoin issuer Brale to test settlements using its dollar-backed SBC token.

The on-chain options platform Hypercall, based on Hyperliquid, plans to launch a pre-IPO options market linked to Anthropic, claiming it to be the first of its kind. Trading is expected to start on Monday and will operate around the clock, open only in certain non-U.S. jurisdictions and not available to U.S. customers; the platform will support call and put options as well as spread strategies. The relevant contracts are synthetic, cash-settled derivatives, and traders will not hold actual shares of Anthropic or gain voting rights, with settlement amounts calculated based on the strike price and the reference price at expiration. The existing perpetual contracts associated with Anthropic on Hyperliquid can provide hedging channels for options market makers.Hypercall currently also offers options linked to SpaceX, the S&P 500 index, Bitcoin, and Ethereum; its founder Jake Sylvestre previously disclosed that the nominal trading volume for September options was $536 million.

Deribit announced an options expiration reminder on platform X, stating that on Friday at 08:00 UTC (16:00 Beijing time), approximately 2.86 billion dollars in BTC and ETH options will expire on the platform.Among them, the notional value of Bitcoin is about 2.64 billion dollars, with a put/call ratio of 0.38, a maximum pain point of 79,000 dollars, and positions significantly leaning towards call options, concentrated around 82,000 and 85,000 dollars. The notional value of Ethereum is about 224.5 million dollars, with a put/call ratio of 1.27, a maximum pain point of 2,350 dollars, and more put options than call options, with a large number of put option positions around 2,100 dollars.

Institutional-level cryptocurrency platform Anchorage Digital has submitted a swap dealer registration application to the U.S. Commodity Futures Trading Commission (CFTC) to expand its institutional cryptocurrency options business. The application was submitted through Anchorage Digital Swap Dealer, LLC to the National Futures Association (NFA) and is currently awaiting NFA's review. The company's CEO and co-founder Nathan McCauley did not provide a timeline for the completion of the review, only stating that further progress will be announced at the appropriate time.McCauley stated that if the application is approved, Anchorage Digital Swap Dealer plans to offer European-style options for Bitcoin and Ethereum, with a maximum term of one year, and will subsequently launch more products as it meets its own approval processes and regulatory requirements. Once the registration is complete, institutional clients will be able to trade digital asset derivatives with CFTC-registered counterparties while also utilizing Anchorage Digital's existing custody and other services.Anchorage Digital noted that the growth of its existing options business primarily comes from publicly traded companies holding Bitcoin and Ethereum on their balance sheets, with asset management firms and funds using options to manage exposure also contributing. Anchorage Digital Bank, N.A. became the first federally licensed digital asset bank in 2021, regulated by the Office of the Comptroller of the Currency; this swap dealer entity will adhere to CFTC requirements regarding capital, risk management, and margin, applying the same framework used for interest rate, credit, and foreign exchange market banks under the Dodd-Frank Act. In March of this year, Anchorage Digital added collateral management features to the Atlas platform, and in December of last year, it acquired the wealth management division of Securitize.

Paragon, the market deployer of HIP-3 on Hyperliquid, announced the launch of Power Perps, with the first product tracking the square of the HYPE price, HYPE². Paragon stated that Power Perps will incorporate option-like convex returns into perpetual contracts, without a strike price or expiration date, tracking the power of the underlying price.According to Paragon, if the underlying price doubles, the square index reaches 4 times the initial value, and the cubic index reaches 8 times; for every $1 increase in the underlying, the index increase is greater than the previous dollar, while the decrease is smaller when it falls. This design references Power Perpetuals proposed by Dan Robinson, Dave White, Andrew Leone, and mentions that Opyn previously demonstrated the perpetual convexity of ETH² with Squeeth on Uniswap v3.Paragon claims that Hyperliquid features a high-performance order book, spot and linear perpetual markets available for hedging, and portfolio margin, allowing market makers to hedge their exposure to Power Perps in these markets. Its goal is to establish a convex trading market alongside the major markets on Hyperliquid. Paragon has previously launched crypto-native index perpetual markets such as Bitcoin Dominance, TOTAL2, and OTHERS on Hyperliquid.

Coinbase posted on platform X that Coinbase Prime now offers regulated global options and perpetual contract trading services for institutions in the United States and other eligible regions, and provides a unified liquidity pool for traders in the United States and globally.

According to a Reuters report citing an interview with CNBC, Michael Selig, the chairman of the Commodity Futures Trading Commission (CFTC), stated that the CFTC hopes to provide a federal-level option for exchanges like Binance to register with the CFTC in light of the recent hacking incident.Selig previously mentioned that federal registration is a voluntary path for exchanges rather than a mandatory requirement, and that requiring all cryptocurrency exchanges to register can only be achieved through congressional legislation; however, retail cryptocurrency trading involving margin, leverage, or financing must fall under federal regulation.The CFTC issued a notice of proposed rulemaking regarding relevant retail cryptocurrency trading rules on October 5, with the comment period ending on December 14.

According to CoinDesk, Nicolas Quatravaux, head of Paradigm EMEA, stated that in the Binance theft incident, the first large-scale Bitcoin put option block trade was executed at 04:38 on October 30, about 15 minutes after the first outflow of funds from the Binance wallet, at which time the news had not yet been made public.This transaction involved the purchase of 250 put options expiring on October 31 with a strike price of $78,000, with a nominal value of approximately $20 million. Three minutes later, another transaction of the same scale for similar options was executed, with the buyer paying about 35% more.Within 8 hours after the incident, Paradigm executed approximately $590 million in nominal value of Bitcoin option block trades, about half of the same period's Deribit Bitcoin option block trading volume, primarily consisting of put options. The hour with the most active trading also occurred before Binance released its statement, including two transactions of 1,000 BTC each for put options expiring in mid-November with a strike price of $74,000, with a total nominal value of approximately $155 million.Quatravaux pointed out that buying was mainly concentrated in the near strike price range of $74,000 to $78,000, mostly expiring this week and in mid-November.

According to Deribit data, 134,000 Bitcoin options and 346,000 Ethereum options are about to expire, with a notional value of 10.48 billion dollars and 750 million dollars, respectively.The Put Call Ratio for Bitcoin options is 0.53, with the maximum pain point at 78,000 dollars. The Put Call Ratio for Ethereum options is 0.73, with the maximum pain point at 2,400 dollars.

According to unfolded.data, this Friday at 16:00 Beijing time, Deribit will have 135,000 BTC expiring, with a nominal value of 10.92 billion USD, and the maximum pain point price is 78,000 USD, with a put/call ratio of 0.53.On the Ethereum side, this Friday there will be ETH options expiring with a nominal value of 776 million USD, the maximum pain point price is 2,500 USD, and the put/call ratio is 0.77.

Bitcoin fell below $80,000 on Tuesday, down about 0.4% since midnight UTC, briefly dropping to around $79,700. Ethereum decreased by 0.5%, and the DeFi index dropped by 1.8%, making it the largest decline among the indices tracked by CoinDesk.Meanwhile, the Korea Composite Stock Price Index (KOSPI) rose by 3.1%, and Asian tech stocks strengthened, but the crypto market failed to follow the rebound. On the macro front, the Federal Reserve will begin a two-day meeting on interest rates on Tuesday and announce its rate decision on Wednesday. CME FedWatch data shows that the market expects about a 90% probability that the Federal Reserve will keep interest rates unchanged, and traders will be watching for any potential rate hikes later in the year.In the options market, the $72,000 put option expiring on December 25 was the most traded Bitcoin option in the past 24 hours, and the 25 Delta put/call skew for Bitcoin across all maturities is positive, indicating that there is still demand for downside protection in the market.

User Momilio posted: On-chain options are currently the biggest blank space and opportunity in the cryptocurrency field. This content is excerpted from its upcoming on-chain options research report, currently just a summary of one chapter. Momilio stated: Mature financial markets will eventually expand to options, and cryptocurrency has reached a turning point; constraints are no longer regulatory or infrastructural, market-making liquidity has improved, and pricing systems can now support larger-scale transactions. It also noted: The trading volume of on-chain options is still only 6.9% of Deribit's options trading volume, and to reach critical scale, a large influx of retail order flow is necessary.Momilio stated: The annual trading contracts for U.S. options increased from 4.19 billion in 2017 to 15.2 billion in 2025, a growth of 263%, primarily due to retail investors. After Robinhood launched commission-free options in December 2017, the proportion of S&P 500 options on the same day rose from 5% to over 60% within ten years. By 2023, the proportion of contracts expiring within a week rose to 68%, with same-day options accounting for 43%; SSRN research shows that over 75% of retail-related trades are contracts expiring on the same day.In India, the premium for stock options is expected to reach 190.65 trillion rupees by the fiscal year 2026, which is 45.8 times that of the fiscal year 2016, with over 90% of retail derivatives traders only engaging in options. By the end of 2024, the Securities and Exchange Board of India will raise the minimum contract size from 500,000 rupees to 1.5 million rupees and restrict weekly expirations to only one benchmark index, with premiums still increasing by 7% in the fiscal year 2026. In the first half of 2026, the trading volume of options contracts on Indian exchanges reached 39.3 billion, which is 4.5 times that of the U.S. at 8.7 billion, while U.S. premiums of $6.3 trillion are nearly 5 times India's $1.3 trillion.

Decentralised.co published: The on-chain options trading volume is still less than 1% of perpetual contract DEX, while traditional market options trading is about three times that of futures. The institution backtested Bitcoin daily closing prices from January 2018 to October 2026, finding that among the ultimately profitable longs, the liquidation probabilities for 10x perpetual contracts over 180 days, 90 days, and 60 days were 47%, 29%, and 18%, respectively. It replayed three $1,000 Bitcoin longs on October 10, 2025: the 10x perpetual was liquidated at 21:14, the 30-day call option dropped to a low of $181 but returned to over $800 within an hour, and a $52 7-day put option helped the 10x long survive the downturn.Decentralised.co: In the past, on-chain options often failed due to fragmented order books, difficult hedging, and locked funds. Hegic depositors lost most of about $80 million in May 2021, Lyra depositors experienced a 4.9% loss in the Bitcoin pool and a 17.6% loss in the Ethereum pool within 7 months, and PsyOptions closed its product in June 2024. With the combination of perpetual liquidity like Hyperliquid, the locked funds required to sell a Bitcoin call option could be reduced from about $100,000 to about $15,000, while monthly returns increased from 1.8% to about 12%.The article lists Hyperliquid as the main venue for hedging liquidity, with the options protocol Derive (formerly Lyra) as the underlying engine, Paradex handling large trades, and Hypercall being the first options venue built on Hyperliquid. Derive liquidated about $18 billion in notional options value in the year ending October 19. After Paradex integrated with Paradigm on September 15, the date options trading volume increased from less than $3 million to $58.7 million within a week, and open contracts decreased from over $250 million to about $96 million by October 14. By September 2026, the notional value of on-chain options is expected to double to $5 billion, with premiums rising to $85 million.

Google (GOOG.O) announced the official launch of the Claude model deployment option managed by Anthropic on Google Cloud.

According to CoinDesk, data shows that the share of Bitcoin options in the cryptocurrency derivatives market continues to rise. The Bitcoin Volatility Index BVIV issuer Volmex stated that last week, the open interest of Bitcoin options accounted for slightly less than 60% of all Bitcoin derivatives open interest, up from about 50% at the beginning of the year, reflecting a market shift from purely betting on price direction to a greater focus on risk management.As of last Friday, the total open interest in the Bitcoin derivatives market was approximately $129 billion, of which U.S. Bitcoin ETF-related options accounted for about $36 billion, and BlackRock's IBIT options accounted for about $35 billion. Including options on native crypto platforms, the Bitcoin options market size is approximately $76 billion. ETF options currently account for about 47% of the Bitcoin options market, while the open interest of IBIT options has increased from about $11 billion in January 2025 to nearly $35 billion now.

According to The Defiant, the cryptocurrency exchange Blockchain.com has announced the launch of options trading services, initially supporting seven types of crypto assets. Buyers are required to fund the contracts with USDC.The options contracts cannot be exited early before expiration, and buyers must hold them until the expiration date. Residents of the United States and the United Kingdom are excluded from participating in this service.

The decentralized perpetual contract protocol Lighter announced the launch of BTC and ETH binary options on Core. Lighter is a low-latency decentralized exchange built on Ethereum zero-knowledge proofs, with order matching times, prices, and priorities all proven and published on Ethereum to ensure that transactions are verifiable and fair.Lighter's founder and CEO Vladimir Novakovski stated that the protocol is focusing on advancing options products this quarter, starting with binary options and gradually transitioning to on-chain European options, sharing the same balance sheet as perpetual contracts. Users can trade spot, options, and perpetual contracts on the same platform, enabling composite strategies such as basis trading and Delta hedging.Lighter claims its latency is in the tens of milliseconds, far lower than some competing platforms that exceed 500 milliseconds. As a U.S. company, Lighter is seeking to obtain a license from the U.S. Commodity Futures Trading Commission (CFTC), which, if successful, will make it the first on-chain trading venue to obtain such a license.

According to PR Newswire, Cboe Global Markets, the parent company of the Chicago Board Options Exchange (Cboe), announced that Cboe has expanded the trading hours for certain U.S. stock individual stocks and exchange-traded fund (ETF) options.The newly added pre-market and after-hours trading periods for the relevant options are from 7:30 to 9:25 AM ET Monday to Friday for pre-market trading, and from 4:00 to 4:15 PM for after-hours trading. This covers popular individual stocks such as Apple, Nvidia, Tesla, Microsoft, Amazon, Google, Robinhood, Intel, as well as major ETFs like SPY, QQQ, and GLD, currently involving a total of 29 underlying assets.

The New York Stock Exchange has launched extended trading hours for U.S. stock options.