$1M MQP is now live! - The program is fully open, with a $100K monthly reward pool for $BTC and $ETH perpetuals, future rolls, and options.
Unlock a world of trading possibilities
Trade crypto options, futures & combinations
Our Investors and Network
Buy and sell with the lowest fees in the industry
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Why Trade At Thalex?
Trading fees anchored around 1 bps. Combinations embed fee advantages. Microstructure that encourages showing liquidity.
Portfolio-based margin calculation across futures & options, providing capital efficiency for delta or vega offsetting positions.
P&L is calculated in USD, and settled in USDt. Any position can be collateralized with USDt, USDC, BTC or ETH.
Market maker features
Built by former options market makers, Thalex offers low latency, cancel on disconnect, mass quotes and configurable market maker protection.
Liquidation process designed to limit market impact with automated delta hedging and liquidation auctions are used to manage complex risks.