Crypto exchange Coincall has officially become one of the top five crypto options exchanges in the world by volume, a major milestone for the 18-month-old company. This achievement also highlights the rapid growth of Coincall in the options trading space, which is gaining more and more attention from both institutional and retail investors.
According to internal data and third-party analysis, Coincalls performance surge is related to its first-quarter strategy, which included working with well-known crypto partners such as SignalPlus, DWF and Big Candle Capital, as well as launching high-impact marketing campaigns and new products.
Crypto options: From niche strategy to core component of the market
Once used only by quants and hedge funds, options are now becoming the tool of choice for crypto-native investors. These contracts give traders the right, but not the obligation, to buy or sell an asset at a fixed price, enabling complex hedging, volatility, and directional speculation.
As the digital asset market matures, crypto options are increasingly seen as an important part of the financial stack. This month, there were reports that Coinbase was in advanced negotiations to acquire Deribit, a mainstream BTC and ETH options trading platform in the market, with a rumored acquisition price of $4-5 billion. Although there has been less information about the negotiations since then, the signal sent by the market is clear: crypto derivatives are no longer a supporting role in the market, but are taking center stage.
Coincall: Youngest Member of Top Five Crypto Options Exchanges
Coincall is not only notable for its growth rate, but also because of the company’s relative youth. Founded in late 2023, Coincall is currently one of the top exchanges in the crypto options space and is currently 9-10% the size of Deribit.
According to Laevitas data, Coincall’s average market share between March 8 and 17, 2025 was 5.43% , and reached a peak of 10.15% on March 15. Coincall’s market volume share is also outstanding , with a share of 9.78% on March 8 and 6.64% on March 16 , which also shows that the global crypto options market is growing and becoming more competitive.
Coincall’s relative market share and growth trajectory make it the youngest exchange ever to enter the top five crypto options exchanges and perhaps the most viable candidate for acquisition or institutional partnership among the emerging players. As attention shifts from established giants to sharp market challengers, Coincall has grown to become the most promising challenger, with a market share almost identical to that of industry giant ByBit.
Visionary leadership
In January, Coincall appointed Daryl Teo , a former strategist at Alibaba Group (NASDAQ: BABA) and long-time investor in crypto, as COO and minority shareholder. He joins CEO Jimmy’s executive team, which previously worked at OKX, Paradigm, and ByteDance.
“We are witnessing crypto gaining legitimacy at a consensus level as a store of value,” said Teo. “Options are the next wave — they offer leverage, flexibility, and strategy. Coincall’s mission is simple: to make investing fast, intuitive, and secure for everyone.”
“Trade to Earn” Feature: Unlocking Profits + Capital Efficiency
Coincall’s latest innovation is Earn While You Trade (EWYT), which aims to eliminate the trade-off between liquidity mining and active trading.
With EWYT, users can:
Get up to 6.4% annual interest rate on USDT holdings;
90% of the pledged funds can be used as trading margin;
Withdraw funds at any time – no lock-in;
Improve capital efficiency for active traders.
This feature enables users to earn income from idle capital without giving up trading, improving capital efficiency. For more product information, users can click here to explore.
Macro Momentum: Crypto Infrastructure Returns
The rise of Coincall reflects that the crypto infrastructure is in a tailwind. According to PitchBook data, in 2024, a total of 2,153 transactions invested $11.5 billion in venture capital in crypto and blockchain startups, which is a strong rebound in the financing market after the bear market cycle.
“The next phase of the crypto industry will be defined by true infrastructure,” Teo said. “Platforms that are consciously built with both capital efficiency and user accessibility in mind will shape the next decade.”
About Coincall
Coincall is a next-generation cryptocurrency options exchange founded in 2023, focused on accessibility, capital efficiency, and a seamless trading experience. With deep liquidity, fast execution, and innovative features like Earn While You Trade, Coincall is building the future of digital asset derivatives.
