Crypto Options Exchange Deribit Adding Fee-Free Spot Trading

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Deribit, the world’s largest crypto options exchange by open interest and trading volumes, will introduce a new spot trading feature.

The exchange, which accounted for 91% of open interest on more than $13 billion in global options in March, said the new platform would go live on April 24 and offer three pairs BTC/USDC, ETH/USDC and ETH/BTC.

The feature will have no maker and taker fees, which means there will be no margin for exchange. Makers create orders and wait for them to be filled, while takers withdraw liquidity by taking available orders.

The availability of spot trading means that users can now immediately buy and sell bitcoin (BTC) and ether (ETH) in addition to trading derivatives in which payment and delivery of the underlying asset is made at a later date. It also means that sophisticated traders in one place will be able to set up complex multi-leg strategies involving both the spot market and futures and options.

“With this latest addition, our platform now offers a comprehensive suite of derivatives and spot trading solutions, catering to the diverse needs of traders in the digital asset space,” said Luuk Strijers, Chief Commercial Officer of Deribit. , to CoinDesk.

“Our spot trading feature is an exceptional tool for trading collateral such as BTC and ETH, with the added benefit of zero costs, further enhancing the overall trading experience for our clients,” Strijers added.

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 USDC dollar-pegged stablecoin.

Last month, the exchange unveiled the bitcoin volatility futures trade, opening the door for traders to bet on the degree of price turbulence in the major cryptocurrency. The dollar value of total open positions on the platform hit an all-time high of over $20 billion on March 30.

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