Deribit, known in the crypto options sector, has announced the launch of USDC-settled Bitcoin and Ethereum options on August 19, which is expected to improve trading flexibility and capital investment.
Launch of USDC-Settled Options
Deribit has announced the launch of Bitcoin and Ethereum options that will settle in USDC on August 19. CEO Luuk Strijers emphasized that the new products would enhance trading flexibility and capital efficiency for both institutional and individual traders.
Market Impact and Institutional Interest
USDC settlements are anticipated to boost investor participation and enhance capital management by providing a more stable fiat-equivalent structure. The market shows confidence in Deribit's innovative approach and expanded product range. "USDC settlement can provide higher capital efficiency," noted CEO Luuk Strijers.
Current Bitcoin Market Analysis
According to CoinMarketCap, Bitcoin (BTC) is currently valued at $117,834.97, with a market capitalization of $2.35 trillion. Despite a 35.54% decrease in 24-hour trading volume, Bitcoin has shown a 14.34% increase over the past 90 days. Furthermore, the introduction of USDC-settled options may lead to increased institutional participation in the market.
The launch of USDC-settled options by Deribit may significantly influence trading strategies for both institutional and individual investors, enhancing capital efficiency and trading flexibility.
