# Thalex

> Trade crypto options, futures, and perpetuals with portfolio margin

Thalex is a cryptocurrency derivatives exchange for trading options, futures, and perpetual contracts. Its markets include Bitcoin and Ethereum, with tools for combining positions across instruments and expiries. Traders can build option combinations, trade futures spreads through dedicated roll order books, and use portfolio margin that accounts for the combined risk of their positions. Eligible collateral assets share a common pool, helping traders manage related exposures in one account.

The browser platform supports manual trading, while its API lets developers connect trading software and automate strategies. A separate testnet provides a place to practice with simulated funds before using the live exchange. Thalex is designed for traders who want to manage market direction, volatility, and hedging strategies through a range of derivatives.

## Listing details

- Canonical BetaNeon page: https://betaneon.com/products/thalex
- Official website: https://thalex.com/
- Category: Finance / Crypto exchanges
- Status: Launched
- Topics: Crypto, Crypto exchange, Crypto trading, Futures, Trading API
- Listing updated: 2026-10-30T16:54:00.119Z
- Information source: https://thalex.com/

This is a product introduction, not an endorsement. Confirm current availability, features, and prices on the official website. Community upvotes on BetaNeon are not star ratings.