MQP v3 is now live, with up to $200k rewards per month!

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Structure your thinking structure your trade

Trade Options, Futures & Perpetuals


Choose your arena

Trade BTC & ETH contracts

Thalex Reward

Market Quality Program

Market making incentives for everyone
We reward every limit order

Thalex Features

Our features

We empower traders

Level playing field, transparent fees, equal access to opportunity

Preview of the order book & form

Less Friction

Simple. Linear contracts, stablecoin-settled
Get paid to make - MQP
Pay less to take - Fees

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More Ways to Trade

Futures Rolls for D1 Spreads trades
RFQs for multi-leg Option trades

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Universal Margin

One multi-collateral asset pool
Tether for settlement
Portfolio margin across all contracts

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