The quiet software layer that turns crypto options into a Wall Street-grade discipline - built by traders, given to the market for free.
SIGNALPLUS — The company's wave mark, photographed as a logo. A single sweep of teal and blue that stands in for the thing it sells: motion, precisely measured, across five exchanges at once.
SignalPlus does not want to be an exchange. That is the first thing to understand about the Hong Kong company, and the detail that explains almost everything else. Where crypto's best-known names race to list tokens and win order flow, SignalPlus built a software layer that sits on top of the venues traders already use - Deribit, Binance, Bybit, OKX and Coincall - and hands them the professional options tools those platforms never shipped natively.
The pitch is deceptively simple: comprehensive options pricing, live analytics, liquidity aggregation and multi-venue connectivity, wrapped in an interface a market maker can actually work in. The company gives the core terminal away for free. It monetizes the institutions that need the automation underneath.
That focus is unusually narrow. SignalPlus is not for spot traders, copy-trading crowds, or newcomers looking for a futures bot. It is built for people who trade volatility - options desks, market makers, quantitative funds - and it stays there deliberately. The company's own materials describe a laser focus on options, and its product roadmap reflects a refusal to be a general-purpose trading app.
Founded in 2021 by Chris Yu and James Shan, the firm draws its DNA from two worlds. Yu came from FX and FX-options desks at Goldman Sachs and Morgan Stanley; Shan from mobile internet and enterprise SaaS. The result is a company that speaks Wall Street derivatives and Silicon Valley product velocity in the same sentence - and aims, in Yu's words, to be "the leading infrastructure bridge connecting digital assets with traditional capital markets."
SignalPlus was founded with the ambitious goal to be the leading infrastructure bridge connecting digital assets with traditional capital markets.
Most fintech diagrams are noise. SignalPlus's is three lines. You sit on top. The exchanges sit at the bottom. SignalPlus is the middle - the pricing, analytics and execution logic that make the two ends usable together.
A free, Wall Street-grade options terminal with real-time risk and PnL tracking, Greeks exposure, and multi-legged execution across venues.
Visualized volatility - term structure, model volatility smile and surface, and 7-day realized-volatility momentum - so desks can see the market's shape.
Execution algorithms for multi-legged orders that minimize slippage and auto-calculate gamma- and vega-neutral offsets.
A DDH robot that manages delta 24/7, rebalancing positions across venues while traders sleep - the unglamorous discipline, automated.
AI-powered live news aggregation, sentiment analysis and smart content labeling to keep desks ahead of market-moving events.
The institutional layer: API-licensed with 200+ risk parameters, 24/7 automated market making, structured-product pricing and auditable trails.
The proprietary engine behind volatility analysis, strategy back-testing and pricing across the platform.
An upcoming upgrade weaving agentic AI into the workflow - analyze the vol surface, back-test, and generate actionable trading modules.
You have probably never seen a SignalPlus ad. Yet the platform reported roughly $160 billion in volume in the fourth quarter of 2025, and around $70 billion in Block-RFQ transactions routed through Deribit. Terminal volume has grown about 74% a quarter since 2023. The chart below is a rough, illustrative shape of that trajectory - directional, not audited.
The lesson is an old one in infrastructure: distribution beats noise. Be the pipe everyone plugs into, and the numbers arrive quietly.
SignalPlus's users are professional options traders, crypto market makers, quantitative funds and institutional trading desks. Its tools show up across exchanges and firms including Binance, Bybit, Deribit, OKX and Paradigm, and its institutional roster has been reported to include names as established as Goldman Sachs and Cumberland DRW.
The problem it solves is fragmentation. Serious options traders work across multiple venues, each with its own quirks, none offering a full professional toolkit. SignalPlus aggregates that liquidity and standardizes the analytics, so a desk can price, hedge and execute from one screen instead of five.
Competitors include Paradigm, Greeks.live, Insilico Terminal, Sharpe Terminal and the native tools the exchanges build themselves. SignalPlus's edge is threefold: it is options-only and unapologetic about it; its flagship terminal is free where rivals charge; and it operates as neutral infrastructure across venues rather than steering flow to a house exchange.
Add an engineering pedigree from Goldman, Morgan Stanley, Alibaba and ByteDance, and the difference is less a feature list than a posture: build the layer, stay neutral, automate the discipline.
Chris Yu and James Shan set out to build institutional-grade infrastructure for digital-asset options.
Early funding to build out the professional options terminal and analytics stack.
The free dashboard begins its run of roughly 74% quarterly volume growth.
AppWorks and OKX Ventures lead an up-round to accelerate crypto derivatives innovation.
HashKey Capital leads, Goldman Sachs advises; funds global expansion, SignalPlus 2.0, and a Web3 Festival title sponsorship.