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The leading platform for crypto Options trading, Deribit, has announced plans to expand its offering to accommodate more digital assets.\u00a0<\/b><\/p>\n
In particular, Deribit has proclaimed it will provide Options trading for XRP, Solana (SOL), and Polygon (MATIC). The exchange communicated the development via its official account on the X platform following an <\/span>interview<\/span> with its Chief Commercial Officer (CCO), Luuk Strijers.\u00a0<\/span><\/p>\n \u201cWe\u2019re bringing linear options for SOL, XRP, and MATIC to the table,\u201d<\/span><\/i> Deribit remarked in the tweet.\u00a0<\/span><\/p>\n We’re bringing linear options for SOL, XRP, and MATIC to the table. \ud83d\udcc8<\/p>\n \ud83d\udd25 Plus, we’re seeking to apply for a brokerage license in the EU! Stay tuned for more updates on our journey to empower crypto traders worldwide.https:\/\/t.co\/gNm1861ygB<\/p>\n \u2014 Deribit (@DeribitExchange) October 9, 2023<\/p>\n<\/blockquote>\n – Advertisement –<\/span><\/p>\n In the interview, Strijers claims that a fall in volatility in the crypto market will not hinder Deribit\u2019s plans to support other digital assets. Moreover, the Deribit CCO disclosed that the Options trading for XRP, SOL, and MATIC will be live by January 2024.<\/span><\/p>\n Strijers remarked:<\/span><\/p>\n \u201cIs this the best environment to launch new products, or should we defer? That\u2019s what keeps us awake. [We are expecting] some increased volatility in January when we launch options on three altcoins.\u201d<\/span><\/i><\/p>\n Notably, Bloomberg highlighted that Deribit\u2019s expansion with the three digital assets marks a significant move beyond the exchange\u2019s limited offering. Specifically, Deribit\u2019s Options trading supported only Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). It will now support XRP, Solana, and Polygon starting January 2024.<\/span><\/p>\n Furthermore, Bloomberg mentioned that trading volumes of the crypto derivative market crashed to approximately $1.5 trillion in September from the $2 trillion mark observed earlier this year. It attributed the decline to subdued crypto asset prices and reduced volatility compared to 2021.\u00a0<\/span><\/p>\n Meanwhile, the Deribit CCO revealed that the company intends to seek clearance for brokerage services in the European Union alongside its expansion bid.\u00a0<\/span><\/p>\n In parallel, Strijers disclosed that Deribit would be moving its headquarters from Panama to a more crypto-friendly location in the United Arab Emirates (UAE). Specifically, the exchange will be headquartered in Dubai after securing the necessary licensing.\u00a0<\/span><\/p>\n Besides, the Deribit Chief Commercial Officer highlighted that the firm intends to fortify its 115-person workforce with another dozen.\u00a0<\/span><\/p>\n Follow Us<\/strong> on Twitter and Facebook.<\/span><\/p>\n Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n -Advertisement-<\/p>\n<\/div>\n<\/div>\n\n
Options for XRP, SOL, MATIC\u00a0<\/span><\/h2>\n
Deribit Seeks EU License and Moves Business to Dubai\u00a0<\/span><\/h2>\n