The cryptocurrency derivatives landscape is evolving rapidly, and one name making significant waves is Coincall. Just 18 months after its launch, Coincall has secured a spot among the top five global crypto options exchanges by trading volume—a remarkable achievement that underscores its growing appeal among both retail and institutional traders.
Backed by strong internal metrics and third-party analytics, Coincall’s surge can be attributed to strategic partnerships with key players like SignalPlus, DWF Labs, and Big Candle Capital, as well as impactful marketing initiatives and continuous product innovation. As the market matures, Coincall is emerging not just as a contender, but as a symbol of the next generation of digital asset platforms focused on accessibility, efficiency, and user empowerment.
The Rise of Crypto Options: From Niche to Mainstream
Once considered tools exclusive to hedge funds and quantitative analysts, crypto options have now become essential instruments for native digital asset investors. These financial contracts grant traders the right—but not the obligation—to buy or sell an underlying asset at a predetermined price, enabling advanced strategies such as hedging against volatility, directional bets, and risk management.
As confidence in blockchain-based finance grows, crypto options are transitioning from peripheral products to core components of the financial stack. Recent market developments highlight this shift: in early 2025, reports emerged that Coinbase was in advanced talks to acquire Deribit, a leading BTC and ETH options platform, potentially valuing the deal at $4–5 billion. While updates on the acquisition have since quieted, the message is clear—crypto derivatives are no longer supplementary; they’re central to the future of digital finance.
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Coincall: The Youngest Contender in the Top Tier
What sets Coincall apart isn’t just its rapid ascent—it’s the speed at which it achieved this status. Founded in late 2023, Coincall has already reached a scale equivalent to about 9–10% of Deribit’s, one of the longest-standing leaders in the space.
According to data from Laevitas, Coincall held an average market share of 5.43% between March 8 and March 17, 2025, peaking at 10.15% on March 15. On March 8 alone, its share of total market volume hit 9.78%, followed by 6.64% on March 16—strong indicators of both market expansion and intensifying competition.
This trajectory makes Coincall the youngest exchange ever to break into the top five rankings for crypto options trading. With a market presence now comparable to established giants like Bybit, Coincall is increasingly seen as a prime candidate for strategic acquisition or institutional collaboration. As investor focus shifts from legacy platforms to agile challengers, Coincall stands out as one of the most promising disruptors in the ecosystem.
Visionary Leadership Driving Innovation
In January 2025, Coincall strengthened its leadership team by appointing Daryl Teo, former strategist at Alibaba Group (NYSE: BABA) and seasoned crypto investor, as Chief Operating Officer and minority shareholder. He joined CEO Jimmy—a veteran of top-tier firms including OKX, Paradigm, and ByteDance—to form a leadership group with deep expertise in technology, finance, and global market strategy.
“We’re witnessing crypto gain legitimacy as a store of value at a consensus level,” said Teo. “Options represent the next wave—they offer leverage, flexibility, and strategic depth. Coincall’s mission is simple: make investing fast, intuitive, and secure for everyone.”
This clarity of vision is reflected in the platform’s product design, user experience, and long-term roadmap—prioritizing real utility over hype.
Earn While You Trade: Maximizing Capital Efficiency
Coincall’s latest breakthrough feature—Earn While You Trade (EWYT)—redefines how active traders manage their capital. Traditionally, users had to choose between earning yield through staking or committing funds to live trading. EWYT eliminates this trade-off.
With EWYT, users can:
- Earn up to 6.4% annual percentage yield (APY) on USDT holdings
- Use up to 90% of staked assets as margin for options trading
- Withdraw funds at any time—no lock-up periods
- Boost capital efficiency without sacrificing liquidity
This innovation allows traders to generate passive income on idle balances while maintaining full flexibility to engage in high-frequency or strategic trading. It’s especially valuable for active participants who want to optimize every dollar without compromising agility.
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Why This Matters: Bridging Passive Income and Active Trading
The introduction of EWYT reflects a broader trend: the convergence of DeFi-style yield generation with centralized exchange performance. By integrating yield-bearing mechanisms directly into the trading workflow, Coincall addresses a critical pain point—underutilized capital.
For example, a trader holding $10,000 in USDT can now earn over $600 annually in interest while using $9,000 of that balance as collateral for options positions. This dual utility enhances overall portfolio efficiency—an advantage increasingly demanded by sophisticated investors navigating volatile markets.
Macro Tailwinds: A Resurgence in Crypto Infrastructure
Coincall’s rise coincides with a broader resurgence in crypto infrastructure investment. According to PitchBook, 2024 saw 2,153 deals funneling $11.5 billion in venture capital into blockchain and cryptocurrency startups—the strongest rebound since the post-bear market recovery began.
“The next phase of crypto will be defined by real infrastructure,” Teo emphasized. “Platforms that thoughtfully balance capital efficiency with user accessibility will shape the next decade.”
This renewed investor confidence reflects a maturing industry focused less on speculation and more on sustainable utility—exactly the foundation Coincall is building upon.
Frequently Asked Questions (FAQ)
What is a crypto options exchange?
A crypto options exchange allows users to trade options contracts based on digital assets like Bitcoin or Ethereum. These contracts let traders speculate on price movements or hedge existing positions with defined risk.
How does Coincall compare to Deribit?
While Deribit remains the largest dedicated crypto options exchange, Coincall has rapidly closed the gap in liquidity and user experience. With innovative features like Earn While You Trade and strong institutional backing, Coincall offers enhanced capital efficiency and modern UX advantages.
Is Earn While You Trade safe?
Yes. The EWYT program operates with strict risk controls and transparent terms. Funds remain accessible, and the yield is generated through secure, vetted mechanisms integrated within Coincall’s trading infrastructure.
Can I withdraw my funds anytime with EWYT?
Absolutely. One of EWYT’s key benefits is zero lock-up periods. You retain full control over your assets and can withdraw them instantly without penalties.
Who is behind Coincall?
Coincall’s leadership includes executives from OKX, Paradigm, and ByteDance. In 2025, Daryl Teo joined as COO—bringing experience from Alibaba and deep crypto market insights.
What makes Coincall different from other exchanges?
Coincall uniquely combines high-performance options trading with DeFi-like yield opportunities. Its focus on capital efficiency, low-latency execution, and user-centric design sets it apart in a competitive landscape.
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About Coincall
Coincall is a next-generation cryptocurrency options exchange founded in 2023. Focused on accessibility, capital efficiency, and seamless trading experiences, Coincall leverages deep liquidity pools, ultra-fast execution speeds, and groundbreaking features like Earn While You Trade to build the future of digital asset derivatives.
As the line between passive income and active trading continues to blur, platforms like Coincall are leading the charge—empowering traders to do more with less, innovate faster, and stay ahead in an ever-evolving market.
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