Summary
- Deribit announced it will launch USDC-based Bitcoin (BTC) and Ethereum (ETH) options on the 19th.
- This option product features both pricing and settlement entirely in USDC, with lower minimum order quantities to improve accessibility.
- Deribit's CEO commented that USDC-based settlement will enhance capital efficiency and flexibility, marking an important milestone in strengthening the platform's competitiveness.
The cryptocurrency derivatives exchange Deribit will launch Bitcoin (BTC) and Ethereum (ETH) USDC options based on USDC on the 19th.
According to Live Bitcoin News, a cryptocurrency-focused media outlet, on the 16th, Deribit plans to introduce Bitcoin and Ethereum option products based on USDC, a stablecoin, with both pricing and settlement conducted entirely in USDC, on the 19th. Previously, Deribit had launched USDC options for altcoins such as Solana (SOL) and Ripple (XRP).
Luuk Strijers, Deribit's CEO, stated, "USDC-based settlement enhances capital efficiency and flexibility, making it an attractive structure for both institutions and individuals," and added, "It will be an important milestone in strengthening the platform's competitiveness."
Deribit will continue to operate the existing BTC and ETH options, while the new options will have a minimum order quantity set at 0.01 BTC and 0.1 ETH to enhance accessibility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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