Deribit Introduces USDC-Settled Bitcoin and Ether Options for Institutional Investors

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by Giorgi Kostiuk

a year ago

Deribit has announced the launch of Bitcoin and Ether options settled in USDC starting August 19. This initiative aims to meet the growing demand from institutional and retail investors.

New Deribit Options

Deribit is introducing options for Bitcoin and Ether that will be settled using USDC. This new offering complements its current lineup of perpetual futures and allows traders to utilize both linear and inverse options. The program aims to enhance capital efficiency and meet trader demands.

Benefits of USDC Settlement

USDC-settled options provide greater flexibility and capital efficiency. CEO Luuk Strijers stated, "By settling in USDC, we’re providing greater flexibility and capital efficiency that appeals to both institutional and retail participants." The new system allows traders to avoid volatility during settlements, which is crucial for market participants.

Company Growth of Deribit

Founded in 2016, Deribit is the largest options exchange in the cryptocurrency space by trading volume. Last month, it hit a record $185 billion in volume. The launch of new options reinforces Deribit’s position in the derivatives market, bringing cryptocurrency trading closer to traditional finance standards.

The introduction of USDC-settled options for Bitcoin and Ether demonstrates Deribit's commitment to meet the needs of institutional investors and brings elements of traditional finance into the cryptocurrency space.

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