Digital asset prime broker FalconX has launched a new 24/7 trading platform, Electronic Options, to expand institutional access to around-the-clock OTC crypto options trading.
Josh Lim
The offering connects traditional OTC trading with modern electronic execution by allowing institutional investors to execute options strategies 24/7 via UPI or API, supported by FalconX’s infrastructure and liquidity solutions.
Additionally, the launch also aims to deliver differentiated FalconX principal liquidity to enhance prime improvement, enable easy structuring workflows and smooth integration, to align crypto with institutional standards.
Specifically, the new platform has been modelled after the RFQ systems which have recently brought innovation to FX, rates, and credit markets, and will launch initially with options available on BTC, ETH, SOL and HYPE, with additional altcoins set to follow in the future.
Josh Lim, global co-head of markets at FalconX, said: “The options market is the next major frontier in institutional crypto. We built this platform to address the longstanding challenges of fragmented liquidity and lack of round-the-clock access. With FalconX Electronic Options, clients get the same execution quality our OTC desk is known for – now in a format designed for scale, distribution, and true 24/7 access.”
The launch also follows a marked growth of the crypto options market across the industry, largely driven by a rising appetite for hedging, volatility trading, basis arbitrage and ETF-related exposures from hedge funds, market makers and fintech platforms.
Moreover, digital asset trading platform Talos is the first partner to integrate the Electronic Options solution for its clients via API.
“FalconX’s electronic options platform sets a new bar for institutional access to crypto derivatives, combining deep liquidity with best-in-class execution infrastructure,” said Anton Katz, chief executive of Talos.
“This launch is a major step forward in scaling professional crypto markets and expanding access to sophisticated tools across the ecosystem.”
Digital asset expansion is a key area of focus for FalconX, and in July, the firm expanded its offering into Latin America, to provide FalconX’s full prime brokerage suite to two of the region’s largest financial institutions, investment bank BTG Pactual and Brazilian cryptocurrency exchange Mercado Bitcoin.
The platform launch also aligns with a growing interest in extended trading hours as the topic begins to gain traction across the industry. In recent months, the New York Stock Exchange (NYSE), Cboe Global Markets and Nasdaq have all proposed plans to extend US equities trading hours, while firms including Clear Street, Trillium Surveyor and LiquidityBook have unveiled partnerships with Blue Ocean Technologies to offer extended trading capacities to their clients.
Building on this, the shifting landscape towards extended trading hours will also be explored at The TRADE’s upcoming webinar on 30 September at 3pm GMT, 24/7 equities trading: A red herring or an inevitable reality?