Coincall Enters Top 5 Crypto Options Exchanges 18 Months After Launch

Coincall, a cryptocurrency options exchange, has achieved a significant milestone by entering the top five global crypto options exchanges by trading volume, just 18 months after its inception. This accomplishment underscores the platform's rapid growth and increasing appeal to both institutional and retail investors. The surge in performance is attributed to a successful Q1 strategy that included high-impact marketing campaigns and new product rollouts, in collaboration with notable crypto partners such as SignalPlus, DWF, and Big Candle Capital.

Crypto options, once a niche strategy reserved for quants and hedge funds, are now becoming a core instrument for crypto-native investors. These contracts allow traders to buy or sell assets at a set price, enabling sophisticated hedging, volatility plays, and directional speculation. As the digital asset market matures, crypto options are increasingly viewed as a critical component of the financial stack. This narrative gained mainstream attention when reports emerged of Coinbase being in advanced talks to acquire Deribit, the market’s dominant BTC and ETH options venue, for a rumored $4–5 billion. Although negotiations have since tapered, the message from the market is clear: crypto derivatives are no longer a sideshow — they’re center stage.

Coincall’s breakout is notable not just for its velocity, but for the company’s relative youth. Founded in late 2023, Coincall now ranks among the top exchanges in the space, with it currently 9-10% the size of Deribit. According to data from Laevitas, Coincall captured an average market share of 5.43% between March 8 and 17, 2025, with a notable peak at 10.15% on March 15. The exchange also saw strong volume days with 9.78% share on March 8 and 6.64% on March 16 — signaling rising momentum and growing competitiveness in the global crypto options landscape. Coincall’s comparative market share and growth trajectory make it the youngest exchange ever to break into the Top 5, and potentially one of the most viable candidates for acquisition or institutional partnership among rising players. As attention shifts from mature giants to agile challengers, Coincall has positioned itself at the center of that conversation, growing into almost the same market share as industry giant ByBit.

In January, Coincall appointed Daryl Teo — former strategist at Alibaba Group and a long-time investor in the crypto space — as Chief Operating Officer and minority shareholder. He joins CEO Jimmy’s team of executives previously from OKX, Paradigm and Bytedance. “We’re witnessing crypto achieve consensus-level legitimacy as a store of value,” Teo said. “Options are the next wave — they provide leverage, flexibility, and strategy. Our mission at Coincall is simple: make investing quick, intuitive, and safe — for everyone.”

Coincall’s latest innovation, Earn While You Trade (EWYT), is designed to eliminate the traditional tradeoff between yield farming and active trading. With EWYT, users can earn up to 6.4% APR on USDT holdings, access 90% of staked funds as trading margin, and withdraw funds at any time — no lock-ups. The feature enables users to earn yield on idle capital without forgoing trading activity, offering an alternative approach to capital utilization.

Coincall’s rise reflects broader tailwinds in crypto infrastructure. According to PitchBook, $11.5 billion in venture capital was invested into crypto and blockchain startups in 2024 across 2,153 deals — a strong rebound after the prior bear cycle. “The next phase of crypto will be defined by real infrastructure,” said Teo. “The platforms building with intention, with capital efficiency and user accessibility in mind, will shape the decade ahead.”

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.