, Huobi Enter Booming Crypto Options Scene

The two exchanges are moving into the crypto options scene, which continues to grow as volumes on spot and futures markets spiral.

AccessTimeIconJul 14, 2020 at 12:20 p.m. UTC
Updated Sep 14, 2021 at 9:30 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

As the crypto options market explodes, crypto exchange opens its new options trading feature and rival Huobi preps for a launch later this year.

  • Chicago's said Tuesday its first bitcoin options contract had been released, with short-term expiries of up to 24 hours.
  • This comes as crypto options volumes went from $200 million in August 2019 to over $3 billion in May 2020, according to data site CryptoCompare. Following the bitcoin halving, options volumes settled at $2.5 million last month.
  • In contrast, trading volumes in the crypto spot and futures markets have fallen by over a third as volatility has spiraled to a yearly low.
  • Singapore-based exchange Huobi, which already offers futures and perpetual swaps, also said Tuesday it plans to launch bitcoin options contracts sometimes in the third quarter and contracts for other cryptocurrencies could soon follow.
  • The contracts are currently in alpha testing, the exchange said in a statement.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about