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Coincall has joined the ranks of the top five cryptocurrency options exchanges by trading volume, and has introduced the "Trade to Earn" feature.
Dubai, UAE, March 28, 2025, Chainwire
The cryptocurrency exchange Coincall has officially entered the top five global cryptocurrency options exchange trading volume, a milestone achieved just 18 months after its establishment. This achievement highlights the platform's rapid growth in this increasingly institutional and retail-interesting field.
According to internal data and third-party analysis, the performance surge is attributed to the successful first-quarter strategies, including high-impact marketing campaigns and new product launches with well-known crypto partners such as SignalPlus, DWF, and Big Candle Capital.
Cryptocurrency Options: From Niche Strategies to Core Market Structure
Options, once the domain of quant teams and hedge funds, are now becoming the preferred tool for native crypto investors. These contracts give traders the right (not the obligation) to buy or sell assets at a set price—enabling complex hedging, volatility trading, and directional speculation.
As the digital asset market matures, cryptocurrency options are increasingly seen as a key part of the financial infrastructure. Reports this month indicated that Coinbase is in rumored talks to acquire the market-leading BTC and ETH options platform Deribit for a reported $40-50 billion, bringing this narrative into the mainstream spotlight. While the negotiations have cooled off, the message from the market is clear: crypto derivatives are no longer supporting characters; they have become the main act.
Youngest in the Top Five—Fastest Growth
Coincall's breakout is notable not only for its speed but also for its relative youth. The exchange, founded in late 2023, has now risen to the ranks of top exchanges, currently making up 9-10% of Deribit's size.
According to Laevitas data, during the period from March 8 to 17, 2025, Coincall's average market share reached 5.43%, with a peak of 10.15% on March 15. The exchange recorded market shares of 9.78% on March 8 and 6.64% on March 16, demonstrating its momentum and competitiveness in the global crypto options space.
Coincall's relative market share and growth trajectory have made it the youngest exchange to ever break into the top five and potentially one of the most likely candidates among emerging platforms for acquisition or institutional partnerships. As attention shifts from established giants to agile challengers, Coincall has become the centerpiece of this discussion, with its market share nearing industry leader ByBit.
Vision Leading Development
In January of this year, Coincall appointed former Alibaba Group (NASDAQ ticker: BABA) strategist, long-time cryptocurrency investor Daryl Teo, as Chief Operating Officer and minority shareholder. He joined the team led by CEO Jimmy, with other executive members previously from OKX, Paradigm, and ByteDance.
"We are witnessing cryptocurrency gaining consensus-level legitimacy as a store of value," Teo stated, "Options are the next wave—they offer leverage, flexibility, and strategy. Coincall's mission is simple: to make everyone's investment fast, intuitive, and secure."
"Earn While You Trade" Feature: Unlocking Yield + Capital Efficiency
Coincall's latest innovation, "Earn While You Trade" (EWYT), aims to eliminate the traditional trade-off between yield farming and active trading.
Through EWYT, users can:
• Earn up to 6.4% APY on USDT holdings
• Use 90% of their staked funds as trading margin
• Withdraw funds anytime—no lock-up period
• Improve capital efficiency for active traders
This feature allows users to earn yield on idle funds without giving up trading activity, providing a new avenue for capital efficiency. For more details, please refer to this link.
Macro Trend: Crypto Infrastructure Heating Up
The rise of Coincall reflects a broader tailwind for crypto infrastructure. According to PitchBook data, VC investment in crypto and blockchain startups reached $11.5 billion in 2024 across 2,153 deals—a strong rebound post the previous bear market cycle.
“The next phase of the crypto industry will be defined by true infrastructure,” Teo said. “Those focused on capital efficiency and user accessibility in intentionally building platforms will shape the next decade.”
About Coincall
Coincall is a next-generation cryptocurrency options exchange founded in 2023, with a focus on accessibility, capital efficiency, and seamless trading experiences. With deep liquidity, fast execution, and innovative features like “trade to earn,” Coincall is shaping the future of digital asset derivatives.
Contact Information
Daryl Teo
Coincall
daryl@coincall.com
Head of Marketing
Vera K.
Coincall
vera.k@coincall.com
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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.
Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.
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