Binance Expands Bitcoin Options Writing Access to All Users Amid Surging Retail Interest

Binance, the world’s leading cryptocurrency exchange, announced Monday it is making bitcoin options writing available to all users, reflecting a growing appetite among retail traders for advanced derivatives strategies.

The newly expanded feature allows users to write (sell) both call and put options—strategies typically used by more experienced traders to generate yield or hedge positions. Option writers receive an upfront premium for taking on the obligation to buy or sell the underlying asset if the buyer exercises the contract.

“Greater crypto adoption is driving demand for more sophisticated trading instruments, and we’re focused on building a comprehensive suite of derivatives to meet that need,” said Jeff Li, Binance’s VP of Product.

Options writing has traditionally been reserved for institutional or advanced users, but Binance is now opening the functionality to its entire user base—provided they pass a suitability assessment and meet margin requirements designed to manage counterparty risk.

The expansion coincides with explosive growth in the crypto options space. According to Binance, total BTC options trading volume has skyrocketed by more than 3,200%, rising from $4.1 billion in 2020 to $138.8 billion in June 2025.

Binance’s move comes as part of a broader strategy to democratize access to yield-generating strategies and allow users to move beyond simple spot trading. With options writing, users can express nuanced market views, manage downside risk, and earn passive income through collected premiums.

To encourage adoption, Binance is offering a limited-time 20% discount on taker and maker fees for newly listed options contracts, including those for ether (ETH), BNB, and Solana (SOL). Additionally, enhancements to the Options Enhanced Program will lower entry thresholds for high-volume and institutional traders, providing improved fee structures and expanded benefits.