The Options Market pertains to the public market for options. This type of market gives the buyer an option to either purchase of sell a cryptocurrency at a specific strike price. This would be done on or before a predetermined date.
The Options Market is tied to a Stock Market, given that one of the most commonly-traded types of Options is the Stock Option.
Trading Options brings about many advantages, one of these being is that its cost remains to be a fraction of the price of the underlying asset whilst still permitting the investor to control the corresponding amount of the asset through its outright purchase.