Bitfinex
Bitfinex

  • Institutional

  • Exchange

  • OTC

  • API

  • Funding

  • Staking

  • Affiliates

News and information

  • About us

  • Announcements

  • Bitfinex Alpha

  • Zero trading fees

  • Bitfinex Blog

  • Knowledge Base

  • Features

Our products

  • Bitfinex Borrow

  • UNUS SED LEO

  • Leaderboard

Securities

  • Bitfinex Securities

Derivatives

  • Bitfinex Derivatives

  • Thalex derivatives

Third-party

  • Bitrefill

  • Debit card

Master crypto options trading

Bitfinex Derivatives and Thalex have integrated to make it easy for Bitfinex Derivatives’ customers to access a full range of USDt-settled options and futures, available through Thalex. Trade on your own terms with our institutional grade tools.

screenshot

THALEX PRODUCT OVERVIEW

Master your trading universe with precision

product_cards.0.title

PERPETUALS

Thalex Perpetuals offer simple, transparent funding rates without dampers or caps. Funding is continuously reflected in P&L.

product_cards:1:title

OPTIONS

Thalex offers European, linear, USDT-settled options with daily, weekly, monthly & quarterly expiries.

product_cards:2:title

FUTURES

Thalex offers futures with daily, weekly, monthly & quarterly expiries. Every option expiry has a corresponding future expiry to facilitate delta-hedging.

product_cards:3:title

FUTURE ROLLS

"Futures Rolls" are instruments to simultaneously buy and sell a Perpetual and Future or two Futures with the same underlying asset. A Futures Roll can be used to roll a Future to a later maturity or can provide relative pricing for the difference in cost of carry between Perpetuals and/or Futures.

Benefit from more ways to trade

Thalex offers Futures and Options contracts collateralised with BTC, ETH, and USD₮.

options:0:title

LINEAR OPTIONS, FUTURES & PERPETUALS

A wide array of instruments to trade direction, term structure and volatility

options:1:title

PORTFOLIO MARGINING

Portfolio-based margin calculation across futures & options, providing capital efficiency for delta or vega offsetting positions.

options:2:title

BTC & ETH AS UNDERLYING

Providing tradable combinations and collateral support for the most liquid cryptocurrencies. Carry trades are facilitated by accepting underlyings as collateral.

options:3:title

SETTLEMENT IN STABLECOIN (USD₮)

Profit and Loss (P&L) is calculated in USD and settled in USD₮

options:4:title

FEED AS LOW AS 1BPS

Trading fees starting at 2.5bps can quickly get down to 1bps with volumes. Combination provide an embedded fee reduction

options:5:title

ROLLS ARE NATIVELY INTEGRATED

Tradeable Future Rolls with implied matching, RFQs for any combination in any size.

options:6:title

Multi-collateral support

Collateral is accepted in the form of USD₮, BTC or ETH in a universal account, acting as a single collateral pool for any Thalex contract.

Bitfinex

Services

  • Exchange
  • Affiliates
  • Staking
  • Corporate & Professional
  • Lending
  • Security & Protection
  • Deposits & Withdrawals
  • Credit/Debit On-ramp

Products

  • Exchange
  • Margin Trading
  • Mobile App
  • Bitfinex Borrow
  • Reporting App
  • UNUS SED LEO
  • OTC

Derivatives

  • Bitfinex Derivatives
  • Thalex Derivatives

Company

  • About
  • Announcements
  • Careers
  • Fees
  • Market Statistics
  • Manifesto
  • Utilities

Securities

  • Bitfinex Securities

Support

  • Bitfinex Channels
  • Contact Us
  • Help Center
  • Status

For Developers

  • API & Web Sockets
  • Bug Bounty

Learn

  • Bitcoin Halving
  • Bitfinex Alpha
  • Blog
  • Knowledge Base
  • Paper Trading
  • Press
  • Zero trading fees
  • Subscriptions

Legal & Privacy

  • Privacy
  • Cookies Policy
  • Cookies Preferences
  • Exchange Terms
  • Derivative Terms
  • General Notices & Terms
  • Token Specific Terms
  • Trading Rulebook

Copyright © 2013-2026 iFinex Inc. All rights reserved.

Trophy IconX IconYouTube IconLinkedIn IconTelegram IconCoinGecko Icon