Cheap Crypto Options Arrive at Blockchain.com — With a Seven-Day Lock-In

Blockchain.com has opened a new options product that lets eligible users bet on seven cryptocurrencies for as little as five dollars plus fees. The contracts cover BTC, ETH, SOL, HYPE, AVAX, XRP and TRX and last exactly seven days.

Once bought, the options cannot be sold or closed early, so traders must ride out any price swings until expiry. All purchases are paid upfront in USDC, capping losses at the premium paid.

Vice president Taro Ugen said the firm handles the heavy lifting behind the scenes to give clients a straightforward tool with known risk. The service is currently blocked in the US, UK and Canada; on 13 October the company applied to the CFTC for permission to operate there.

The move follows April’s launch of perpetual futures on the Hyperliquid platform.

Based on information from cryptonews.net