Blockchain.com has rolled out call and put options for Bitcoin, Ethereum, Solana, Hyperliquid's HYPE token, Avalanche, XRP and Tron with weekly expiries. The new offerings cater to short-term hedging and speculative strategies.
The expansion moves beyond the platform's spot trading and basic derivatives offerings. Blockchain.com is simultaneously pursuing licenses to operate derivatives markets within the United States.
The inclusion of HYPE highlights growing integration of purpose-built DeFi protocols into broader crypto platforms. Hyperliquid launched HYPE via airdrop in November 2024 as the native token for its Layer 1 blockchain.
Weekly expiries target high-frequency trading and immediate market reactions, a focus common in retail-oriented derivatives markets. Short settlement cycles reduce capital lock-up for traders managing multiple positions.
Blockchain.com's entry competes with existing on-chain and centralized derivatives exchanges. The addition of options access to its user base could increase liquidity in the broader crypto derivatives market.
