Deribit, the world’s largest crypto options exchange, is set to introduce a new spot trading feature that promises to provide a more comprehensive trading experience for its clients. The Commercial Officer at Deribit, Luuk Strijers made this announcement today in an interview with CoinDesk.
The exchange has dominated the global options market, accounting for 91% of open interest and trading volumes worth over $13 billion in March.
Deribit’s new platform will go live on April 24th and offer three pairs – BTC/USDC, ETH/USDC, and ETH/BTC. The new feature will have zero maker and taker fees, which means the exchange will not charge a margin. This will make it an exceptional tool for exchanging collateral like Bitcoin (BTC) and Ethereum (ETH) and further enhance the overall trading experience for Deribit’s clients.
The addition of the spot trading feature is a significant step for Deribit as users can now buy and sell BTC and ETH immediately, in addition to trading derivatives in which the payment and delivery of the underlying asset is made on a future date. The spot trading feature will enable sophisticated traders to set up multi-leg complex strategies involving both the spot market and futures and options contracts.
Luuk Strijers, chief commercial officer at Deribit, stated that the latest addition would provide a comprehensive suite of both derivatives and spot trading solutions, catering to the diverse needs of traders in the digital asset space. Strijers added that the spot trading feature would serve as an exceptional tool for exchanging collateral like BTC and ETH, further enhancing the overall trading experience for Deribit’s clients.
Deribit launched bitcoin options trading in 2016 and has since expanded into inverse and linear perpetual and futures markets for three base currencies: bitcoin, ether and the dollar-pegged stablecoin USDC. The exchange has since become a prominent player in the cryptocurrency space and is known for its robust security measures and user-friendly interface.
