Bitso has added U.S.-listed options to its Mexican investment service through Nvierto, its CNBV-registered independent investment adviser, and Alpaca’s U.S. brokerage infrastructure. The product sits on top of the U.S. stocks and ETFs already available in the same account and covers supported options on more than 6,000 U.S.-listed stocks and ETFs.[1]
Access is not automatic. Users request approval in the Bitso app through a suitability profile, the Alpaca Options Agreement and the Options Clearing Corporation risk disclosure. The initial strategy set is limited to covered calls and cash-secured puts at Level 1, and long calls and puts at Level 2. That is materially different from unrestricted multi-leg, uncovered or portfolio-margin trading.[1][2]
Entity, approval and strategy boundary
Bitso options operating model
| Component | Role or availability | Important limit |
|---|---|---|
| Bitso interface | Customer experience, education and order preview | Bitso is not described as the executing U.S. broker-dealerSource 1 |
| Nvierto | Mexican investment-advisory and order-transmission layer | CNBV supervision is limited to the registered advisory activitySource 1 |
| Alpaca Securities | Execution and U.S. brokerage infrastructure | Availability remains subject to Alpaca approval, U.S. market rules and product eligibilitySource 1Source 2 |
| Level 1 | Covered calls and cash-secured puts | Requires the shares or cash supporting the obligationSource 1 |
| Level 2 | Long calls and long puts | Premium can be lost; no uncovered writing is announcedSource 1 |
The launch material emphasises risk management and income strategies, but each carries operational obligations. A covered call can lead to assignment and sale of the shares; a cash-secured put can require purchase of the underlying at the strike; a long option can expire worthless. Expiration cut-offs, corporate actions and exercise instructions matter as much as the initial order ticket.[1][2]
Alpaca’s 28 October announcement reports a waitlist of more than 13,000 users and says Bitso’s stock-trading volume had grown 32% month on month since January. These are Bitso-supplied figures that Alpaca says it has not independently verified; they describe the existing stock service and demand before the options launch.[1]
Sources & further reading
- Bitso launches U.S. options trading in Mexico Alpaca · 28 Oct 2026 · Accessed 30 Oct 2026
- Alpaca disclosures and options risk documents Alpaca · Accessed 30 Oct 2026