Deribit has announced the launch of linear options for Bitcoin and Ethereum settled in USDC, marking a significant step for the derivatives market.
Launch of BTC and ETH Options
On August 19, Deribit, the largest crypto derivatives exchange, announced the launch of linear options for Bitcoin and Ethereum settled in USDC. This innovation will complement existing futures for these cryptocurrencies.
CEO's Comment on the Announcement
Deribit CEO Luuk Strijers stated: "The positive response and growing demand for stablecoin options in the altcoin space demonstrates that the market is ready for more flexible and accessible derivative products. Expanding our offering of linear options to include BTC and ETH is a significant milestone in our mission to deliver institutional-grade products tailored to our clients' evolving needs."
Accessibility of New Options
In relation to the launch of linear options for BTC and ETH, Deribit has also noted that minimum order sizes will be reduced to 0.01 BTC and 0.1 ETH, allowing for increased accessibility for a wider range of participants.
The launch of BTC and ETH options settled in USDC could represent a significant step towards expanding the offerings of derivative products in the cryptocurrency market, given the growing interest in stablecoins.
