I rarely criticise Binance, yet I hope this post reaches their eyes, well, poke their eyes if it's necessary 😂
⚠️ Honest Feedback from an Options Trader
Binance Options has one of the lowest fee structures among major exchanges.
That part deserves credit.
However, after actively trading options, one issue stands out clearly:
👉 UI and transparency lag far behind peers like Bybit.
This is not a complaint — it’s a structural observation.
What makes Binance Options difficult (especially for retail)
🔹 Leg-based UI, not strategy-based
Greeks, max loss, and PnL are displayed per contract, not netted across strategies (straddles, spreads, etc).
This creates unnecessary fear and confusion.
🔹 Theta & Greeks shown without context
Near expiry, Greeks explode visually.
Without strategy netting or payoff visualization, traders misinterpret risk.
🔹 Poor payoff clarity
No clear payoff diagram overlaid with price.
Traders must manually calculate breakeven and max loss.
🔹 Liquidity reality is not communicated well
Order books vanish near expiry.
Mark price jumps from small orders.
This is normal microstructure behavior — but the UI doesn’t prepare traders for it.
Why this matters
Options are psychologically sensitive instruments.
When UI amplifies fear instead of clarity, traders make bad decisions — even when their risk is capped and predefined.
Low fees help.
But clarity prevents losses.
Constructive comparison (not promotion)
Bybit handles this better by:
✅ Showing net strategy risk
✅ Visualizing payoff clearly
✅ Reducing “UI panic”
✅ Aligning trader psychology with actual risk
Higher fees, but far better comprehension.
Final thought
Binance dominates spot and futures.
But options demand strategy-aware UX, not just raw data.
Improving transparency would:
Reduce unnecessary panic
Improve trader retention
Reduce support burden
Increase options adoption
🧠 Low fees attract traders.
🧭 Clear UX keeps them alive.
Please repost this.
