10 Best XRP Options Trading Platforms – Top Picks

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Trading XRP options has become a strategic choice for both retail and institutional investors looking to hedge exposure or capitalize on price volatility. As the crypto derivatives market matures, several platforms now offer robust XRP options trading with competitive fees, high leverage, and advanced tools. This guide explores the top 10 XRP options trading platforms, evaluating each based on liquidity, fees, leverage, security, and user experience—helping you make an informed decision in 2025.

Whether you're a beginner or a seasoned trader, selecting the right platform can significantly impact your success. We’ll break down each exchange’s strengths, key features, and unique offerings to help you navigate the evolving landscape of XRP derivatives trading.

Key Factors in Choosing an XRP Options Platform

Before diving into the list, consider these essential criteria:

Now, let’s explore the top platforms offering XRP options trading.

1. Deribit

Founded in 2016 and based in Dubai, Deribit is widely recognized as the leading platform for crypto options, including XRP options. It was one of the first exchanges to introduce XRP derivatives and continues to dominate with deep liquidity and institutional-grade infrastructure.

Traders benefit from a low 0.03% maker and taker fee, capped at 12.5% of the premium for USDC-settled options. Leverage is flexible, with effective rates of 10×–20× on options and up to 100× on futures.

Deribit’s advanced tools—like the Option Wizard—cater to professional traders, while its 24/7 multilingual support via live chat, email, and Telegram ensures round-the-clock assistance.

👉 Discover a platform built for serious options traders with unmatched liquidity and precision tools.

Key Highlights:

2. Binance

Launched in 2017, Binance is the world’s largest cryptocurrency exchange by volume. In March 2024, it introduced XRP options through its RFQ (Request for Quote) platform, making it accessible to both retail and institutional traders.

Binance offers competitive fees at 0.03% maker/taker, capped at 10% of the transaction value. While direct leverage on XRP options is limited, traders can access up to 125× leverage on XRP futures, providing alternative speculative strategies.

With extensive educational resources, a multilingual help center, and 24/7 live support, Binance stands out for its user-friendly ecosystem and deep liquidity.

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3. OKX

Originally launched as OKEx in 2013 and rebranded in 2017, OKX is a global leader in crypto derivatives. It supports XRP options with tiered fees starting at 0.02% maker / 0.03% taker, capped at approximately 12.5%.

The platform offers up to 100× leverage on futures, with 50× available specifically for XRP, along with flexible margin modes. OKX integrates DeFi tools and provides a clean, intuitive interface suitable for both beginners and pros.

👉 Access advanced trading tools with deep liquidity and multi-chain DeFi integration.

Key Highlights:

4. Bybit

Founded in 2018 by Ben Zhou, Bybit has grown into a top destination for derivatives traders. It offers XRP options with a flat fee of 0.02% maker/taker, dropping to 0.01% for VIP users.

Leverage reaches up to 50× on XRP futures, with overall contract leverage up to 100×. The platform is known for its lightning-fast execution, intuitive UI, and active community.

Bybit’s customer support is available via live chat, email, and Telegram—though some users report delays during complex issue resolution.

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5. Crypto.com

Established in 2016, Crypto.com plans to launch XRP “Strike” and “UpDown” options by May 2025. These structured products will have fees around 0.034%, capped at ~20% of the premium—with discounts for CRO stakers.

While leverage isn’t directly applied to XRP options, traders can use up to 50× leverage on futures. The platform is regulated in multiple jurisdictions and offers a seamless app-based experience.

Key Highlights:

6. Deepcoin

Deepcoin stands out with up to 125× leverage on XRP options, supporting over 100 cryptocurrencies. Trading fees are ultra-low: 0.02% maker / 0.06% taker.

The platform supports both USDT-margined and coin-margined contracts and features real-time analytics, copy trading, and strategy bots. Its global accessibility—especially across Asia, Europe, and South America—makes it appealing for international traders.

Security includes cold wallet storage, two-factor authentication (2FA), and real-time risk monitoring.

Key Highlights:

Other Notable Platforms

7. KuCoin

Launched in 2017, KuCoin introduced European-style XRP options in 2024 with a 0.03% trading fee and up to 10–50× effective leverage. Known for its altcoin diversity and low KYC requirements.

8. Bitget

Founded in 2018, Bitget excels in copy trading and offers competitive derivative fees (0.02% maker / 0.06% taker) with up to 125× futures leverage.

9. MEXC

Based in Seychelles since 2018, MEXC offers zero maker fees and taker fees as low as 0.01%, with up to 300× leverage on XRP-USDT futures—though native options aren’t yet available.

10. Bitfinex

One of the oldest exchanges (founded in 2012), Bitfinex offers XRP derivatives with fees from 0.02% maker / 0.065% taker and up to 10× margin leverage via peer-to-peer lending.

Frequently Asked Questions (FAQ)

What are XRP options?

XRP options are financial derivatives that give traders the right—but not the obligation—to buy or sell XRP at a predetermined price before a set expiration date. They’re used for hedging risk or speculating on price movements without owning the underlying asset.

Which platforms offer XRP options trading?

Top platforms include Deribit, Binance, OKX, Bybit, KuCoin, and Crypto.com (planned). Some exchanges offer structured products instead of traditional options.

Is leverage available for XRP options?

Yes—though direct leverage on options is typically limited (e.g., up to 10×–20×). Most platforms offer higher leverage (up to 125×) through XRP futures contracts instead.

Are XRP options regulated?

Regulation varies by jurisdiction and platform. Exchanges like Crypto.com operate under regulatory frameworks in certain regions, while others serve global users with fewer restrictions.

How do I choose the best platform for XRP options?

Consider liquidity, fee structure, leverage limits, security measures, customer support responsiveness, and available trading tools tailored to your experience level.

Can I trade XRP options with USDT or USDC?

Yes—most platforms offer USDT-margined or USDC-settled contracts. Deribit uses USDC for settlement; others like Bybit and OKX support USDT-denominated options.

👉 Start trading XRP options today with a secure, high-leverage platform trusted worldwide.

Choosing the right exchange depends on your goals—whether you're hedging risk or seeking aggressive returns through leveraged strategies. From Deribit’s institutional precision to MEXC’s extreme leverage and OKX’s DeFi-powered ecosystem, the best platform aligns with your trading style.

Always conduct due diligence, start small, and use risk management tools like stop-loss orders when trading leveraged products. With the right knowledge and tools, XRP options can be a powerful addition to your crypto strategy in 2025 and beyond.