Deribit Revises Fee Structure as XRP, Solana Options Go Live on CME

The largest crypto derivatives exchange Deribit is revising its fee structure for each account based on the recent monthly trading volumes. The new automated VIP fee tier system to take effect from November 1. This comes as crypto trading volumes are gradually increasing on derivatives giant CME Group, with XRP and Solana options launched earlier this week.

Deribit Announces Automated Discounted VIP Fee Tier System

Deribit has introduced an automated system for applying trading volume-based fee discounts. This is a tier system of progressively lower fees applicable to all traders on the crypto derivatives exchange.

The exchange to assign fee levels to each account based on trading volumes from September 15 to October 14, 2025, to promote transparent discounts. This ranges from standard to VIP level 6, with VIP 1 fee level eligible for a discount of 16.66% and 30% on options and futures or perpetuals trade, respectively.

VIP 6 will get a 66.66% discount on options trades and a 55% discount on futures and perpetuals trades. An account must have $5 billion volume on futures or options to be eligible for the VIP 6 fee level discounts.

Deribit’s official Lin Chen emphasized that the VIP 1, with options reduced to 0.25%, requires an account balance of 100,000 USDC, and equivalent BTC and ETH do not count. She highlighted that the USDC in the account can earn U.S. Treasury yields, added to the account on a monthly basis.

Rising Volumes on CME After XRP and Solana Options Debut

CME Group started facilitating options trading on Solana and XRP futures earlier this week. This comes following the growing demand for XRP and SOL options, as Bitcoin and Ethereum options started recording higher trading volumes.

As per Coinglass data today, Bitcoin futures and options on CME have surpassed Binance to become the second-largest derivatives venue. With Deribit still leading in Bitcoin and Ethereum options volumes, BTC options volume on CME hit a new ATH of $1.2o billion on CME today, while Deribit saw $3.80 billion in trading volume.

Notably, CME Group also announced plans to start offering crypto futures and options trading 24/7 from next year. The demand comes from institutional interest in crypto derivatives trading, with other firms also expanding their crypto offerings. This could challenge the dominance of Deribit in the crypto derivatives market.