4 Best XRP Options Trading Platforms in 2025
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Having tested and analyzed over 20 of the best XRP options trading platforms, CoinFutures emerged as the top choice. The platform is by far the most beginner-friendly on our list, and is the only platform that lets you exit your positions whenever you decide.
XRP options trading can be one of the most profitable ways to trade Ripple. Successful XRP options trades can net high gains with a relatively small investment. In this guide, we review the top four XRP options trading platforms, assessing their user experience and features.
We evaluated each platform based on a variety of factors, including security, fees, liquidity, and regional availability. Read on to learn more about these exchanges and how XRP options trading works:
The Top XRP Options Trading Exchanges Compared
The table below compares the top XRP options trading platforms, most of which use European-style options, which means you can’t close your position early. The only exception is CoinFutures, which offers American-style options, letting you exit trades at any time:
| Trading Platform | Options Style | Settlement Currency | Options Trading Fees | Best For |
| CoinFutures | American | USDT | ~0.02% to 0.5% | Overall best xrp options trading platform |
| Binance | European | USDT | 0.02% maker / 0.05% taker (VIP discounts available) |
Experienced crypto traders |
| Crypto.com | European | USD | $0.29 per contract for strike options / $1.99 per contract for UpDown options | Newbie options traders |
| Deribit | European | USDC | 0.01% maker / 0.05% taker (Fees capped at 12.5% of option price) | Institutions and frequent options traders |
The Best XRP Options Trading Platforms Reviewed
Options trading can be complex for new traders, which makes Crypto.com’s simple structure attractive to newer traders. However, experienced traders may prefer the fee structure and additional tools of a platform like Binance or Deribit. Let’s look at each in more detail.
1. CoinFutures – The Overall Best XRP Options Trading Platform in 2025
CoinFutures offers an innovative approach to XRP options trading that eliminates most of the technical difficulties newbies often struggle with. The platform’s trading interface is highly simplified with Up and Down buttons that correspond to call or put options. In addition, the provider offers up to 1,000x leverage on 11 coins, including XRP, BTC, ETH, and SOL, making it one of the best exchanges for leverage trading overall.
CoinFutures doesn’t require KYC verification, so it’s also a good fit for those who want to trade XRP options anonymously. However, the main thing that impressed us about the platform is that it doesn’t give you real market exposure, even though it uses TradingView-integrated charts that follow real price action.
This means that you’re not holding XRP at any point during your trading but are simply speculating on the asset’s future price, based on the chart. While this might be an issue for experienced traders, it’s an excellent solution to many crypto platforms’ trouble with poor volume and liquidity and manipulated price spikes. If you are interested in learning more about this trading platform, please head over to our CoinFutures Review page.
Key Takeaways
- CoinFutures offers a simulated options trading experience based on real price action without actual market exposure.
- Pick from two fee types: PNL and Flat. The former charges you a small percentage of your winnings, while the latter is fixed (thus predictable) regardless of the trade’s result.
- CoinFutures offers up to 1,000x leverage – more than any other XRP options trading platform we’ve tested.
Pros
- Up to 1,000x leverage on XRP, BTC, ETH, SOL, etc
- Immune to poor liquidity and price manipulation
- Very beginner-friendly trading experience
- No KYC requirements for anonymous trading
- Connects with MetaMask for in-wallet trading
Cons
- Not available on iOS yet
2. Binance – Best XRP Options Trading Platform for Experienced Traders
Binance is the largest crypto exchange by trading volume, with its vast selection of trading tools driving the platform’s popularity. The platform offers options trading for select cryptocurrencies, including XRP, as well as market leaders such as BTC and ETH.
XRP options on Binance are available in two primary types for retail traders, with additional trading tools available for institutional traders. Retail traders can choose classic (expiry) options or Binance’s Easy Options, which simplify the process for newer traders or quick trades.
Classic options use USDT for settlement but follow the European style, meaning traders can’t exercise the option to buy or sell early. Instead, a robust marketplace allows traders to trade their contracts before expiry easily. Detailed market data offers insight into open interest, trading volume, and implied volatility, as well as the “Greeks” for in-depth analysis.
Key Takeaways
- Binance offered both Classic Options and Easy Options, catering to experienced traders or beginners.
- The platform’s popularity, combined with limited assets for options trading, helps ensure strong liquidity.
- Detailed market data provides powerful analysis tools for advanced traders.
Pros
- Strong liquidity for smoother trading
- Options trading tools for new or experienced traders
- Low trading fees
- USDT settlement
- Robust security, including cold storage
- Secure Asset Fund for Users (SAFU)
Cons
- Binance can be complex for beginners
- Regional restrictions for traders (not supported in the US)
- Regulatory challenges
3. Crypto.com – Best For Beginner Options Traders
As a mobile platform, Crypto.com offers a simpler trading experience. Advanced trading is available, albeit with limited scope compared to competing platforms. However, Crypto.com is well-known for its wide selection of tokens that may not be available elsewhere. It’s also one of the relatively few exchanges to offer XRP options trading.
The platform provides two ways to trade options: Strike and UpDown options. Strike options let traders bet on whether XRP will be higher or lower than a specified price at the expiration date. UpDown options let traders bet on the price direction (up or down), using price barriers to close the position if targets are met.
Crypto.com stands apart from other platforms by offering options regulated by the U.S. Commodity Futures Trading Commission (CFTC). Options trades settle in USD and are paid to the trader’s account.
Key Takeaways
- Crypto.com makes CFTC-regulated crypto options available to US traders.
- The platform is mobile-first, with support and platform information available via the web.
- Two methods of trading options simplify trades for beginners and highlight potential profits and losses.
Pros
- Beginner-friendly interface
- CFTC-regulated options
- Available for US traders
Cons
- Potentially higher fees
- Mobile only
- Comparably lower liquidity
- High spreads on spot trades
4. Deribit – Best For Institutions and Advanced Traders
Deribit caters to institutional traders and advanced traders who may need to employ complex strategies. In addition to crypto options, the platform offers perpetual futures with a Portfolio Margin System that analyzes your entire portfolio to create a risk-based view of your positions.
The platform settles options trades in USDC for XRP options trades and offers an Option Wizard to help traders build positions intuitively. Trading data for options includes advanced charting, implied volatility curves, and open interest. Deribit also provides a Testnet where traders can test strategies against real-world prices without risking real funds.
Low fees (0.01% maker, 0.05% taker, capped at 12.5% of the option price) combined with high liquidity and advanced tools make Deribit best-suited for full-time traders and institutional investors.
Key Takeaways
- Deribit specializes in crypto options trading, catering to advanced traders and institutional investors.
- Advanced trading tools include Deribit Metrics, such as the Greeks and implied volatility curves.
- Deribit offers no fiat on- or off-ramps (crypto deposits and withdrawals only).
Pros
- Advanced trading tools
- Portfolio Margin System
- Low fees
- Testnet for no-risk trades
Cons
- Limited spot trading
- Not suited for beginners
- Not available to US traders
- No fiat on/off ramps (crypto only)
Methodology: How We Tested and Reviewed The Top XRP Trading Platforms
We evaluated several criteria to select the top XRP trading platforms, including support for XRP specifically, strike prices, expiry date selection, and other relevant factors.
XRP Options Trading Availability – 30%
While BTC and ETH options trading are fairly common, we specifically wanted platforms that support XRP options. Those are a rare find, and even more so if you’re looking for an exchange with a good reputation, high volume and liquidity, and strong security measures. So, we evaluated all these factors before creating our list.
Strike Prices and Expiry Dates – 30%
A variety of strike prices lets you choose trades with more precision. So, we were more favorable toward XRP options trading platforms that allow flexibility and let you maximize profit opportunities regardless of whether you’re buying call or put options. Similarly, a wide range of available expiry dates lets traders customize their trades to short, mid, and long-term trades.
Liquidity – 20%
A large number of traders is essential for smooth trading. Higher liquidity helps ensure sellers find a buyer and vice versa at an optimal price. That’s a key reason why exchanges like CoinFutures and Binance grabbed the top two spots on our list.
Fees – 10%
Higher fees can erode trading capital over time. They eat away at your profits and exacerbate your losses. To ensure your options trading experience is cost-efficient, we prioritized platforms that offer low fees or discounts based on volume.
Security 10%
Security is crucial in crypto, regardless of whether you’re trading options, derivatives, or just holding spot. We looked for security features like cold storage, two-factor authentication, or biometric authentication, all of which contribute to a safer trading environment.
What Are XRP Options?
Simply put, XRP options are “bets” on the price of XRP at a given time or date in the future. If you’re bullish on the price of XRP, then you buy, or “write” a “call option.” This will allow you to lock in a price of XRP and gives you the right to purchase it at that price in the future. If XRP goes up, you’re making a profit. Conversely, if you’re bearish, then you want to write a “put option,” which will allow you to sell XRP at a predetermined price. If the price drops, you can still sell at a higher price.
And since options are instruments themselves, they can be exchanged, which is what XRP options trading is all about. This way, you gain exposure to the underlying asset and its movements without actually having to own XRP itself.
Where it differs from “futures” or even spot trading is that options are a contract that provides the buyer with the option, but, crucially, not a requirement, to buy or sell an asset at a specified price.
How Does XRP Options Trading Work
XRP options are a derivative, meaning you’re trading based on the price of the underlying asset rather than buying or selling XRP itself. Notably, with all the XRP options trading platforms detailed earlier, trades are settled in USD or a USD-equivalent stablecoin token, such as USDC or USDT. With this structure, you never take delivery of XRP.
Instead, the writing contract gives you the right to buy or sell XRP at a predetermined price on (or before, for American-style options) the option contract expiration date. However, for the sake of simplicity, you won’t have to accept or deliver XRP. The contract is settled for cash or equivalents in the background.
Options offer an efficient way to trade XRP or other cryptocurrencies, but they also come with some risks. If you guess incorrectly on the price or direction, the option may expire worthless.
Options In a Nutshell
Let’s explore the core concepts and terminology for XRP options trading.
- No Obligation to Buy or Sell: The option buyer pays a “premium” for the right to make a future trade at a specified price. At contract expiration, the contract is settled in cash or equivalents without XRP trading hands.
- XRP Call Options: A call option is the right to buy XRP at the contract price. Traders can use calls if they think the XRP’s price will be higher on the expiration date.
- XRP Put Options: A put option is the right to sell XRP at the contract price. Puts offer a way to bet on falling XRP prices.
- Loss Potential: Your potential loss is limited to the premium for the contract, allowing for more efficient use of capital compared to spot trading.
- Strike Price: The strike price is the price of XRP specified at a future date in the contract.
- Expiry: The expiration date for the contract is the date it closes. If the strike price hasn’t been reached, the contract is worthless. No matter the outcome, losses are limited to the premium paid.
Platforms like Binance and Crypto.com offer beginner-friendly XRP options that simplify the mechanics of options trading. In classic options trading, as offered by Binance and Deribit, traders can sell their calls or puts before expiration.
Why Don’t Most Exchanges Offer XRP Options?
Options trading isn’t for everyone. Classic options trading can be complex, and without a sound understanding of the process, traders can incur losses on premiums for out-of-the-money trades. Spot trading, margin trading, and futures capture more mind share. However, sophisticated traders and those who invest the time to learn how options work can make profitable trades with relatively small investments.
Limited interest in options trading results in fewer exchanges offering options. Regulatory concerns also present a challenge. In some jurisdictions, such as the US, derivatives trading falls under strict regulation. The Dodd-Frank Act boosted the authority of the CFTC, which oversees derivatives trading in the US. The result of this more stringent regulation is that fewer exchanges offer options, and many of those don’t service highly-regulated markets like the US.
For example, in 2023, the CFTC charged Binance with operating an illegal digital assets derivative exchange. The enforcement action resulted in fines of more than $2.7 billion.
Regulatory challenges aside, XRP options, specifically, are relatively uncommon. While several leading exchanges offer Bitcoin and Ethereum options, other altcoins, such as XRP, receive significantly less support in options trading markets.
Why Trade XRP Options? The Benefits
While options don’t offer leverage in the traditional sense (borrowing against collateral), they do offer leverage in their capital efficiency. A relatively small amount of capital controls a much larger trade position.
For example, let’s say you pay $50 for a $500 XRP call option. If XRP increases in price by 10%, you could easily double your $50. This same profit performance would be unlikely within the same time frame if you gain exposure through traditional spot trading.
However, if the market moves against your trade (out-of-the-money) or if the price is at parity with the market price (at-the-money) at expiration, the option is worthless. Options traders see this as an acceptable risk, as it limits their exposure to the premium paid for the contract. Also, unlike futures trading with leverage, there is no risk of losing collateral types to liquidation with classic options.
Risks and Challenges of Trading XRP Options
The primary risks associated with XRP options center on education and experience. Inexperienced traders can suffer a string of losses while learning the ropes. However, there are other potential risks to consider.
- Liquidity: Smaller exchanges may have fewer buyers and sellers, resulting in less efficient trading. Liquidity can become a larger consideration for niche options markets like XRP. CoinFutures stands out here as it uses simulated price charts, making it immune to liquidity shortages.
- Time Decay: Options lose value as they approach expiration dates.
- Premium Risk: The premium is the investment in an options trade. If the market moves against your trade, the option can expire worthless. In this situation, the premium is lost.
- Learning Curve: Options can be much more complex than spot trading (simple XRP buys and sells). Platforms like Crypto.com and Binance offer simplified options.
- Regulatory Uncertainty: Ripple, the company behind XRP, is currently involved in an ongoing case with the US Securities and Exchange Commission (SEC). Uncertainty surrounding the outcome can add higher volatility to the XRP chart.
To overcome the learning curve, consider trading in smaller amounts to familiarize yourself with the options process while minimizing risk. You can also use platforms that offer demo trading (often limited to spot or futures) to hone your technical trading skills before trading options with real funds. For example, Binance offers a Testnet for testing trading strategies.
How to Start Trading XRP Options: Step-by-Step Guide
Let’s use CoinFutures as an example for a walkthrough on how to trade XRP options. The platform offers high leverage and low fees for options trading:
1) Create Your CoinFutures Account
Visit CoinFutures and sign up for an account. You’ll need to provide an email address, but there are no Know Your Customer (KYC) requirements. You can even skip the email part by simply downloading the app and connecting your wallet.
2) Fund Your Trading Account
Choose a funding method to add funds to your trading account. Deposit options include transferring from another exchange or wallet, or using a credit card or a digital wallet.
Click the Crypt Futures tab, then select the XRP/USDT trading pair.
4) Place Your Options Trade
Finally, simply set the amount you wish to trade with in the Wager box, then select the Multiplier (aka leverage), which goes up to 1,000x. Use the Up or Down, which is CoinFuture’s equivalent of call and put options. Once you’re done, just hit the Place Bet button, and you’ll be good to go.
Conclusion – What are The Best XRP Options Trading Platforms?
XRP options trading can be lucrative, but it comes with a learning curve, particularly for classic options. Fortunately, some of the leading exchanges have begun to offer a simpler version of options products to help traders get started. After a few successful trades, traders can transition from simple options to classic options, which offer more market insight and potentially higher returns.
CoinFutures’ way of trading lets you get up to speed without needing a Master’s degree in finance. The platform has a highly intuitive interface and allows you to trade anonymously while also eliminating issues like poor liquidity and price manipulation.
Visit CoinFuturesFAQs
Who are XRP options suitable for?
Is XRP options trading high risk?
Is XRP options trading legal?
What is the difference between XRP options and futures?
References
- Dodd-Frank Act (Commodity Futures Trading Commission)
- Largest cryptocurrency spot exchanges based on 24h trade volume (Statista)
- Federal Court Enters Order Against Binance and Former CEO, Zhao, Concluding CFTC Enforcement Action (Commodity Futures Trading Commission)
- SEC, Ripple wants to settle crypto lawsuit, but US judge rebuffs them (Reuters)
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