✓ Official source
Blockchain.com launches buy-only crypto options with one-week expiries, but not for US or UK users
Summary
Blockchain.com said on Oct. 20 that eligible users can now buy call and put options in its Trading Account on bitcoin, ether, SOL, HYPE, AVAX, XRP and TRX, according to the company’s release and The Block.
Users choose an expiry date and a target price and enter an amount, and Blockchain.com picks the matching call or put; trades are paid upfront in USDC, and because users only buy options rather than trade on margin, the amount paid is the most they can lose, the company said.
Options initially expire within a week and must be held to settlement; the company’s support FAQ says they cannot be closed early, the minimum premium is $5 plus fees, and a settlement fee applies only if the gross payout exceeds the premium.
The FAQ lists countries whose residents are not currently eligible, including the US, UK, France, Germany, Canada and Japan; The Block noted that Blockchain.com applied earlier this month for US licenses to offer prediction markets and crypto derivatives.
Key facts
- “We take care of the complexity in the background, so users get a simpler way to access a powerful trading service with clearly defined risk,” said Taro Ugen, Blockchain.com’s VP of Consumer.
- The release said options follow Blockchain.com’s launch of perpetual futures trading earlier this year.
- The Block said Blockchain.com already offers prediction markets through Polymarket and perpetual futures through Hyperliquid to some international users.
- The FAQ says the target price is used to select the option with the closest available strike, and any payout is credited to the Trading Account, normally in USDC.
- Blockchain.com says it has supported more than 95 million wallets and 44 million confirmed accounts and operates in more than 70 jurisdictions.