Deribit Introduces Bitcoin, Ethereum Options with USDC Settlements

Deribit will launch Bitcoin and Ethereum linear options and fixed futures contracts settled in USDC on August 19, enhancing trading flexibility, announced CEO Luuk Strijers.

The launch could bolster Deribit’s market leadership, following a record $185 billion monthly volume, while increasing efficiency for institutional and individual investors.

Deribit Unveils USDC-Settled Options on August 19

Deribit, known for its crypto options market, will introduce Bitcoin and Ethereum options settled in USDC on August 19. Deribit CEO Luuk Strijers emphasized the enhancement of trading flexibility and capital efficiency for both institutional and individual traders with these products.

The USDC settlements are expected to encourage investor participation and improve capital management by providing a stable fiat equivalent structure. Deribit’s previous record monthly trading volume, reaching 185 billion, underscores the market’s robust activity.

Industry reactions highlight confidence in Deribit’s innovative approach and expanded product lineup. CEO Luuk Strijers stated, “USDC settlement can provide higher capital efficiency,” reflecting the positive sentiment with regards to the market dynamics.

Bitcoin Price Movement and Institutional Interest in Focus

Did you know? Deribit’s record trading volume reached 185 billion last month, illustrating its significant position in the crypto options market.

As per CoinMarketCap, Bitcoin (BTC) is currently valued at 117,834.97, with a market capitalization of 2.35 trillion. Bitcoin’s 24-hour trading volume decreased by 35.54%, totaling 67.66 billion. Despite a slight 0.43% decline over 24 hours, Bitcoin shows a 14.34% increase over 90 days.

Insights from Coincu research indicate that the introduction of USDC-settled options might drive a noticeable increase in institutional participation. The platform’s emphasis on regulated access highlights a strategic move toward global market integration.