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Deribit, the world's leading cryptocurrency options exchange in terms of trading volume and open interest, is continuing its plans to provide more cryptocurrency-related contracts to customers despite the decline in volatility in digital assets, Bloomberg reports.
At this point, Deribit said in its statement that it will soon list the leading cryptocurrencies XRP, Solana (SOL) and Polygon (MATIC) options.
We're bringing linear options for SOL, XRP, and MATIC to the table. 📈
🔥 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
— Deribit (@DeribitExchange) October 9, 2023
Speaking to Bloomberg, Deribit trading director Luuk Strijers said:
“Deribit plans to offer options for Ripple Labs' XRP, Solana's SOL, and Polygon's MATIC starting in January.
The lack of volatility in the market will not delay our plans. Additionally, Deribit will apply for a brokerage license in the European Union.”
Deribit currently offers Bitcoin (BTC) and Ethereum (ETH) options and perpetual futures on its exchange.
At this point, experts commenting on the introduction of XRP, SOL and MATIC options said, “The broader cryptocurrency alternative offered can increase liquidity in the market and provide altcoin investors with greater flexibility in managing their risks.”
*This is not investment advice.