Question 1

How do I fund my wallet?

Accepted Answer

To begin trading Updown or Strike Options, you must first establish an account with Crypto.com | Derivatives North America. For Updown Options, complete the onboarding process by following the steps outlined in the Crypto.com App banner. For Strike Options, your first task is to enable derivatives in the Derivs tab after setting up your USD wallet, if needed. Once your account approval is confirmed via in-app notification and email, you will be able to view pricing data and execute trades for both options types through your account dashboard. Ensure you have sufficient funds available for trading by referring to our Help Center for more details on depositing USD via Wire Transfer or ACH Direct Deposit.

Question 2

How do I calculate the amount I pay to enter a trade?

Accepted Answer

To calculate the amount to enter a trade, review the indicative "You Pay" amount on the order screen. This is either the difference between current/trade price and stop level, or the contract price plus fees/slippage tolerance. This amount is held in your wallet until order fill/rejection. The actual amount paid will be reflected in your order history. It's either the difference between trade/contract price and stop level, or the actual contract price, both plus applicable fees.

Your maximum loss is the cost you put into the trade, including fees.

Question 3

How are the fees charged?

Accepted Answer

Fees are charged when opening and closing positions on Crypto.com options contracts. There is an Exchange Fee and Technology Fee per contract, varying by crypto or FX options.

When opening, fees are added to the trade amount before deducting from the USD wallet. When closing, fees are deducted before crediting the wallet. Maximum loss is the initial amount paid to open the position, plus fees. Fees may be impacted for closures near the stop level, with Exchange Fees taking precedence over Technology Fees. View the Help Centre to see the calculation example for Strike Options and UpDown Options.

Question 4

How do I calculate the amount I’ll receive when I close a position?

Accepted Answer

To calculate the amount received when closing a position, compare the contract price at closure to your average entry price. This determines your realized profit/loss per contract, not including fees..

For long positions, use the formula: Realized P/L = (Closure Price - Entry Price) * Contracts - Fees

For short positions, the formula is: Realized P/L = (Entry Price - Closure Price) * Contracts - Fees

Fees include Exchange and Technology Fees deducted from profits. If closing at max loss/stop, no amount is credited or debited. Otherwise, the realized P/L total incorporating all closing fees is the amount credited or debited to your wallet.

Question 5

What happens when there is insufficient liquidity in the market?

Accepted Answer

When the market has insufficient liquidity, it means there is no party offering to match the other side of the order. You will either see there are no price quotes available to place your trade or your trade will not be executed.

Trade CFTC-Regulated Crypto Derivatives

How to buy

How to buy

Contract Specifications

UpDown Options Contract Specifications

Strike Options Crypto Contract Specifications

Strike Options FX Contract Specifications

Frequently Asked Questions

How do I fund my wallet?

How do I calculate the amount I pay to enter a trade?

How are the fees charged?

How do I calculate the amount I’ll receive when I close a position?

What happens when there is insufficient liquidity in the market?