Delibit, the world’s largest crypto derivative exchange, has announced that it will launch Bitcoin (BTC) and Ethereum (ETH) options that will be resolved to USDC.
Deribit, which was recently acquired by Coinbase, the largest US cryptocurrency exchange, announced on August 19 that it will launch a price-and-solve linear Bitcoin and Ethereum options at USDC in addition to futures, according to the block.
The announcement of USDC DeRibit for BTC and ETH comes just over a year after integrating USDC calculation linear options from Altcoins, such as Solana (SOL) and XRP.
DeLibit CEO Luuk Strijers commented on the latest announcement.
The positive response and growing demand for Stablecoin options in the Altcoin space indicates that the market is ready for more flexible and accessible derivative products. Continuing this momentum, Deribit has expanded its linear options to include BTC and ETH.
The introduction of linear options for BTC and ETH is a key milestone in our mission to provide in-facility products tailored to the evolving needs of our clients.
By expanding to USDC, we offer flexibility, capital efficiency, and familiar fiat equivalent structures that appeal to both institutional and individual participants. ”
Deribit also added that it will increase accessibility due to the smallest order sizes (0.01 BTC and 0.1 ETH) for BTC and ETH linear options resolved in USDC.
*This is not investment advice.