What Is the Difference between a Call Option and a Put Option in Crypto?

A call option gives the holder the right to buy the underlying cryptocurrency at the strike price. Buyers of calls expect the crypto price to rise, while sellers expect it to fall or stay flat.

A put option gives the holder the right to sell the underlying cryptocurrency at the strike price. Buyers of puts expect the crypto price to fall, and sellers expect it to rise or stay flat.

Both are used for speculation or hedging.