Bankless · Monday, September 14, 2026
The crypto options market is currently only 3-4% the size of the crypto perpetuals market, but Nick Forster, CEO of Derive, predicts it could grow 30-40 times to match the ratio seen in traditional finance (TradFi). In TradFi, options markets are roughly equal to or larger than perpetuals markets.
“Yeah, I think relative to perps, in terms of the crypto market, my stats could be slightly off on this, but I think order of magnitude is probably correct. We're like 3% or 4% of the perp market. And in TradFi, they're about the same, if not options being slightly bigger.”
“So that's like 30 or 40x to go to sort of equalize to where we are.”