Bullish (BLSH) announced in a company press release on October 2 that it will introduce crypto options trading on October 8, supported by a consortium of leading market-makers, technology providers, and brokers. This is the latest expansion of its institutional derivatives suite.
Bitcoin options are already live in a limited mobilization phase. Ether options and multi-asset indices are planned for future launch.
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The move follows Bullish’s rollout of spot, margin, perpetual and dated futures, and aims to deliver a unified trading account with market-leading capital efficiency and risk mitigation. Confirmed day-one trading partners include major crypto institutions: Abraxas Capital Management, B2C2, Cumberland, FalconX, Wintermute, Flow Traders, and Galaxy Digital. The collaboration in the design phase was intended to address existing pain points in crypto options trading and tailor the product to institutional needs.
Options contracts will settle in USDC and benefit from Bullish Portfolio Margining (BPM), a scenario-based margin methodology designed to optimize collateral usage across spot, futures, and options.
Since launching in November 2021, Bullish has executed more than $1.5 trillion in cumulative trading volume and averages over $2 billion in daily volume in 2025, ranking among the top ten spot exchanges for Bitcoin and Ether. Bullish currently holds 24,300 BTC, per BitcoinTreasuries.net, making it the sixth largest publicly traded Bitcoin treasury.
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At time of publication, BLSH is up 2.4% during pre-market hours.
