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FalconX, a leading institutional cryptocurrency broker, has announced the launch of its 24/7 OTC options trading platform, Electronic Options.
FalconX has launched an electronic options trading platform that supports 24/7 trading, according to The Block. The platform aims to address the inefficiencies of traditional over-the-counter (OTC) options, which require manual intervention, by introducing automation.
It was stated that the platform currently supports options trading for Bitcoin ($BTC), Ethereum ($ETH), Solana ($SOL), and Hyperliquid (HYPE) to start.
“The options market is the next big frontier for institutional cryptocurrencies,” said Josh Lim, Co-Head of Global Markets at FalconX. “We built this platform to address long-standing challenges such as fragmented liquidity and a lack of 24/7 access. With FalconX Electronic Options, our clients now have the same trading quality our OTC desk is known for, but in a format designed for scale, distribution, and true 24/7 access.”
FalconX’s move comes amid growing adoption in the crypto options space overall, with CME Group recently announcing plans to launch options for $SOL and XRP futures products in addition to $BTC and $ETH, while Coinbase acquired crypto derivatives exchange Deribit in August.
*This is not investment advice.