Why Synapse is challenging crypto options giants
- Arthur Hayes disclosed buying US$2.2 million of Synapse (CRYPTO:SYN), citing its Hypercall options exchange as a potential challenger to Deribit.
- SYN briefly jumped 26%, while derivatives data later showed futures open interest falling 13% to US$31.98 million as traders took profits.
- Decentralised options exchanges continue competing with established derivatives platforms, although liquidity, regulation and user adoption remain key hurdles.






