Deribit, the world's largest crypto derivatives exchange, announced that it will launch Bitcoin (BTC) and Ethereum (ETH) options settled in USDC. Deribit, recently acquired by Coinbase, the largest cryptocurrency exchange in the United States, announced on August 19 that it will launch linear Bitcoin and Ethereum options priced and settled in USDC, in addition to futures, according to The Block. Deribit’s announcement of USDC for BTC and ETH comes just over a year after integrating USDC-calculated linear options for altcoins like Solana (SOL) and XRP. Deribit CEO Luuk Strijers commented on the latest announcement: 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. Continuing this momentum, Deribit has expanded its linear options offering to include BTC and ETH. The introduction of linear options for BTC and ETH is a significant milestone in our mission to deliver institutional-grade products tailored to our clients' evolving needs. By expanding to USDC, we are providing greater flexibility, capital efficiency, and a familiar fiat-equivalent structure that appeals to both institutional and individual participants.” Deribit also added that BTC and ETH linear options settled with USDC will have smaller minimum order sizes (0.01 BTC and 0.1 ETH) to increase accessibility. *This is not investment advice. Continue Reading: Deribit, Acquired by Coinbase, Announces New Bitcoin (BTC) and Ethereum (ETH) Today!
