FalconX has launched Electronic Options, a trading platform designed to deliver fast, scalable execution for over-the-counter crypto options. The company said the service addresses long-standing market inefficiencies caused by fragmented liquidity and exchange limitations, giving institutional investors the ability to execute strategies on a 24/7 basis.
The platform combines the structure of electronic trading with OTC features such as customized strategies and direct liquidity access. Clients can trade through a user interface or API, tapping FalconX’s existing institutional liquidity network. The firm operates one of the largest options desks in the digital asset sector, with a client base spanning hedge funds, market makers and fintech platforms.
“The options market is the next major frontier in institutional crypto,” said Josh Lim, Global Co-Head of Markets at FalconX. “We built this platform to address the longstanding challenges of fragmented liquidity and lack of round-the-clock access. With FalconX Electronic Options, clients get the same execution quality our OTC desk is known for — now in a format designed for scale, distribution, and true 24/7 access.”
Investor Takeaway
Coverage at Launch
The platform initially supports options on BTC, ETH, SOL and HYPE. Features include principal liquidity for improved pricing, a matrix builder for multi-leg strategies, and plans to add further altcoin coverage. FalconX said the system draws on request-for-quote models used in FX, rates and credit markets, adapting them to digital assets.
The launch has already attracted integration partners. Crypto trading technology firm Talos connected to the service via API. “FalconX’s Electronic Options platform sets a new bar for institutional access to crypto derivatives, combining deep liquidity with best-in-class execution infrastructure,” said Talos CEO Anton Katz.
FalconX, backed by investors including Accel, GIC and Tiger Global, said the new product builds on its institutional offering across liquidity, credit and clearing.
Options Market Expands
The rollout comes as demand for crypto options continues to grow. CME Group this month announced plans to launch options on its SOL and XRP futures, adding to existing BTC and ETH contracts. In August, Coinbase acquired Deribit, the world’s largest crypto options venue, integrating $59 billion in open interest and more than $1 trillion in annual trading volume.
In the U.S., regulators have also opened the door to listed options tied to spot Bitcoin and Ethereum ETFs. The SEC last year cleared NYSE and Cboe to list options on approved spot Bitcoin ETFs, with filings underway to extend the framework to Ethereum products.
FalconX’s entry with a 24/7 OTC‑electronic hybrid underlines how the segment is shifting toward professional‑grade infrastructure. With institutional clients seeking volatility hedges, arbitrage strategies and ETF‑related exposure, options desks are fast becoming a central part of digital asset trading.