Diversify your bitcoin portfolio and explore new strategic opportunities with LedgerX Bitcoin Mini Options. Execute income generation, hedging and speculation strategies with as little as 0.01 BTC.

Gain exposure to bitcoin and manage risk through our trusted, regulated platform.

Trading Strategies

Long Calls (buy call, pay premium)
• Speculate bullish positions
  on underlying BTC
• Long volatility
Short Calls (sell call, receive premium
• Generate income from BTC
• Bearing position on BTC
• Short volatility
Long puts (buy put, pay premium)
• Hedging/short BTC price
• Long volatility
Short puts (sell put, receive premium)
• Generate income on cash
• Bullish - buy BTC at lower price

Contract Details

Bitcoin Mini Option (Calls & Puts)

Trade physically-settled options on bitcoin.

Contract size

0.01 bitcoin

Minimum price fluctuation


Price quotation

U.S. dollars per bitcoin

Trading hours

24 x 7

Expiration time

4pm ET

Settlement time

5pm ET

Position limits

Block minimum

1 contract

Option style


Exercise method

User must submit exercise instructions. No auto-exercise



Trading fees

The lower of $0.15 per contract or 20% of the option premium per contract

Listing Details

Listing Cycle

Monthly contracts are listed for at least two consecutive months and at least two quarterly months, inclusive of the nearest two Dec contract months. New monthly contracts are listed Friday after monthly expiration Friday. New weekly contracts listed Thursday prior to weekly expiration Friday.

Strike Interval

For each new expiration month, LedgerX will list at least five strikes in $1,000 strike intervals. LedgerX will add additional strikes as the expiration month approaches.  

In the first half of the current month, LedgerX may list additional contracts for the current month. In the second half of the current month, LedgerX may list additional contracts for the current month and the following month.

For weekly contracts, LedgerX will introduce a strike at the At-The-Money (ATM) level, and at minimum two strikes above and two strikes below the ATM level in $1,000 strike intervals.

LedgerX will add additional strikes in accordance with the underlying price movement using 1000, 2000, 4000 strike increments. Weekly strikes may be listed up to 20% above the ATM strike level and down to 20% below the ATM strike level, in accordance with BTC price volatility.

Fill out our quick and
easy application

Fund your account with

Trade bitcoin, options,
and futures