OKX Launches Dollar-Denominated BTC And ETH Options For Institutional Traders
In Brief
OKX has launched USDS-M Bitcoin and Ether options in the UAE and Australia, introducing dollar-denominated crypto derivatives aimed at institutional and wholesale traders.
Cryptocurrency exchange OKX launched USDS-M Options for Bitcoin and Ether, expanding its regulated derivatives offerings for traders in the United Arab Emirates and Australia. The products are now available on both the web platform and mobile application, with the Australian offering restricted to wholesale clients and settled in USD stablecoins rather than fiat currency.
The new options products introduce fully dollar-denominated trading to the platform for the first time. According to OKX, all major trading metrics, including margin, premiums, Greeks, profit and loss calculations, and settlement, are expressed in U.S. dollars. Traders can use USD, USDC, or USDG as collateral and settlement currencies, while coin-margined options remain available alongside the new products.
The launch follows OKX’s recent institutional-focused initiatives, including collaborations involving BlackRock and Standard Chartered connected to the BUIDL ecosystem. The company said the latest rollout is intended to address operational and compliance challenges faced by institutional trading desks that typically manage portfolios and reporting systems in U.S. dollars rather than cryptocurrencies.
Under the new structure, options premiums are quoted and paid in dollars, while settlement at expiry can be received in the trader’s selected stablecoin. OKX stated that the product was designed to reduce friction for firms whose treasury and compliance frameworks are based on fiat-denominated accounting standards.
OKX Highlights Unified Margin Benefits Of New Dollar-Native Crypto Options
“Institutional traders have been clear about what they need: Bitcoin and Ether exposure that fits within a dollar-denominated compliance and reporting framework, from the moment collateral is posted through to settlement,” an OKX team said in a written statement.
“That is precisely what USDS-M Options deliver. Combined with cross-product margining across our unified pool, traders can now manage options, perpetuals, and spot within a single account without fragmenting collateral or navigating multiple venues. We built this for the desks that have been waiting for a regulated, dollar-native options product at this level of sophistication,” they added.
The product is integrated into its unified margin system, allowing positions across spot markets, perpetual futures, and options to offset each other within a single account. For example, a long Bitcoin call position can be balanced against a short Bitcoin perpetual without requiring separate collateral allocations.
The company also noted that users can switch between coin-margined options and the new USDS-M Options through a single toggle within the existing options interface, while maintaining access to the same order types and margin modes.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
