Key Takeaways
- Innovative decentralized finance (DeFi) growth is reshaping the options trading landscape, offering users greater transparency, security, and control over their assets.
- Notably, emerging platforms are focused on integrating blockchain technology with options trading, providing decentralized alternatives to traditional exchanges with more accessible features.
- As decentralized options platforms evolve, investors and traders can expect enhanced liquidity, reduced fees, and a more inclusive financial ecosystem.
The crypto space is rapidly expanding. With a vast array of financial products already established in traditional finance (TradFi), developers only need to find ways to integrate these legacy systems onto the blockchain.
One of the newest developments in the blockchain sector is the Options market. In this article, let’s look at some of the top decentralized options platforms you can explore today to potentially earn profits in 2025.
What Are Decentralized Options?
Options are financial instruments that enable investors to speculate on the future price of assets. Traditionally, these assets included stocks, precious metals, and commodities, but the market is now expanding to encompass cryptocurrencies as well.
DeFi options, on the other hand, refer to options trading conducted on decentralized platforms.
Top Decentralized Options Platforms In 2025
There are numerous decentralized options platforms available, with more being developed regularly. As a result, it is easy to fall victim to scams or invest in unreliable platforms. Here’s a list of the top DeFi options platforms to explore in 2025:
PsyFi (Formerly PsyOptions)
PsyFi is a DeFi ecosystem with a wide range of financial products. The platform’s options products are regular Solana tokens (SPL), enabling their trading on any decentralized exchange that lists them.
Traders using PsyFi can enjoy the advantages of blockchain technology while experiencing the familiarity of a traditional trading platform.
Blockchains: Solana
Features:
- It is 100% collateralized.
- The platform supports covered calls and secured puts.
- PysFi is also a DAO and 100% community owned.
- Options are SPL tokens that are tradable on any DEX on Solana.
- It has both free and paid packages.
Friktion
Friktion is mainly a platform for managing crypto portfolios, offering a range of tools designed to help investors outperform market cycles. With Friktion’s strategies, users can profit in bull, bear, or sideways (crab) markets.
However, the strategy selected will always depend on several factors, such as the user’s risk tolerance, deposited assets, and desired passive returns.
Blockchains: Solana
Features:
- Users can create and manage portfolios.
- The platform offers strategies (volts) for risk-adjusted returns.
- It only has paid packages and no free subscriptions.
Cega
Cega is one of the first DeFi platforms to introduce exotic options—options contracts that vary from traditional ones in terms of payment structures, expiration dates, and strike prices. Additionally, it provides more attractive yield strategies compared to most yield farming platforms.
Blockchains: Solana
Features:
- Offers exotic derivatives that combine basic options.
- Provides better yield strategies that generate better returns.
- Yield strategies provide downside protection.
- No free subscription.
Zeta Markets
Zeta Markets is a DeFi derivatives platform on the Solana blockchain that also allows traders to participate in futures trading. The platform mainly supports the most prominent tokens, such as SOL, BTC, or ETH. Moreover, Zeta Markets has analysis tools to optimize your trades and investments.
Blockchains: Solana
Features:
- Allows users to place super-fast orders.
- Enables users to bet on the future price of crypto assets.
- Brings trading tools found in TradFi onto the Blockchain.
- Trading is non-custodial, meaning users can trade from their crypto wallets.
- Only offers paid subscriptions.
Opyn
Opyn is one of the most popular DeFi Options trading platforms on Web3 out of Europe. Notably, the protocol majors in creating and trading options on ERC20 tokens.
Blockchains: Ethereum, Polygon, Avalanche
Features:
- Users can buy, sell, and create Ethereum-based options.
- Opyn’s smart contracts help DeFi users to hedge against risks and to speculate on crypto.
- The platform provides free limit orders to its users.
- The platform is free to use and no paid subscriptions.
Hegic
Hegic is an options trading platform primarily built on Arbitrum. One of Hegic’s hallmarks is its peer-to-pool trading capabilities. Furthermore, users on the platform can also trade at any time from a rich liquidity pool!
Blockchains: Ethereum, Arbitrum
Features:
- It works using special smart contracts that bring transparency and trustlessness.
- Hegic has the peer-to-pool trading capability.
- Specializes only in ETH and wBTC assets.
- Users can write options contracts and earn rewards on the platform.
- The platform is free to use and no paid subscriptions.
Final Thoughts
Although some of these platforms do not yet have their own native dApps, these DeFi protocols can potentially transform the blockchain industry in the near future. With the United States government moving towards crypto adoption, DeFi options could soon see a significant influx of capital from traditional finance!
