Binance Opens Bitcoin Options, Cuts Trading Fees

Binance has fired the starting gun on a new phase of crypto-derivatives growth by extending Binance Bitcoin options writing to its entire global user base. The move arrives just as industry data show options turnover exploding from $4.11 billion in 2020 to a record $138.76 billion in June 2025—a staggering 3,200 percent surge. By letting every customer write calls and puts, the exchange gives traders the tools to hedge, earn premium income, or deploy sophisticated market-neutral structures without leaving the platform.

To sweeten the launch, the exchange has rolled out a 20 percent Binance options fee discount on newly listed contracts for Ethereum, BNB, and Solana. The promotion applies to both maker and taker sides, trimming Binance options trading fees on the fresh ETH BNB SOL options contracts and positioning the venue as one of the most cost-efficient places to manage risk across multiple layer-1 tokens.

While retail traders gain the most visible benefit, Binance is also courting deep-pocket investors through a revamped Binance Options Enhanced Program. The initiative lowers minimum entry thresholds, tightens spreads, and accelerates onboarding checks, allowing hedge funds, market-makers, and proprietary desks to move size in and out of positions faster. A simpler fee ladder and the new discount combine to compress execution costs at scale—an element institutions have long demanded from crypto venues.

Jeff Li, the exchange‘s VP of Product, framed the changes as the natural response to a maturing market. “Crypto is growing up, and so are the demands of professional traders,” he said. “By broadening options writing and refining the Options Enhanced Program, we’re giving every participant—from a first-time retail user to a global macro fund—the same intuitive experience, backed by deep liquidity and robust risk controls.”

Those risk controls remain strict. Anyone looking to write options must pass a suitability test, post margin in USDT, and adhere to dynamic collateral calls designed to keep positions fully covered. Contracts are settled in USDT against the BTCUSDT spot index, come in units of one, and offer daily, weekly, monthly, and quarterly expirations at 08:00 UTC. Strike intervals span deltas from ±0.05 to ±0.95, with a tick size of five and baseline transaction and exercise fees of 0.03 percent and 0.015 percent, respectively—rates that drop sharply under the temporary discount.

Functionally, adding write capability means users can now collect option premiums rather than simply paying them. Combined with the existing futures suite, traders can engineer layered hedges, volatility spreads, or yield-enhancement plays that used to require multiple venues or over-the-counter desks. For instance, a miner might write out-of-the-money calls on BTC to lock in income, while an institution could construct a long straddle on ETH to punt on post-Merge price swings—all inside a single account.

The ETH BNB SOL options contracts merit special attention. Ethereum remains the most actively developed smart-contract chain; BNB underpins Binances own ecosystem; and Solana has evolved into a high-performance alternative favored by DeFi and NFT projects. By offering discounted fees on all three, Binance taps into growing institutional demand for diversified layer-1 exposure, while giving retail traders a cheaper on-ramp to hedge altcoin holdings.

For professional players, the Binance Options Enhanced Program now offers volumetric rebates that kick in sooner, plus streamlined documentation for VIP tiers. Coupled with lower tick sizes and tighter quoted spreads from designated market-makers, the program aims to replicate the frictionless execution found on traditional equity-option exchanges. Early feedback from prop desks suggests that the reduced workflow friction could migrate significant OTC volume onto the screen, boosting open interest and, in turn, depth.

Retail activity is set to surge as well. Many users already familiar with perpetual futures can now write covered calls or cash-secured puts to collect steady yield. The exchanges revamped interface flags margin requirements in real time and runs stress tests against spot volatility to prevent accidental under-collateralization. Educational modules, meanwhile, walk first-time writers through payoff diagrams, Greeks, and expiry mechanics.

The broader market impact could be substantial. Option writing typically narrows bid-ask spreads, deepens liquidity, and offers natural hedging flows that dampen spot volatility—traits the crypto market often lacks. If volumes continue their parabolic climb, Binances decision to democratize writing rights and slash Binance options trading fees may accelerate the institutionalization of digital-asset derivatives.

For now, the 20 percent Binance options fee discount is time-limited, and the exchange is already hinting at rolling out write access on more coins once liquidity thresholds are met. Traders eager to capitalize on reduced costs—and the new flexibility to generate yield—may want to saddle up before the promotional window closes.

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