Deribit plans to launch USDC-settled Bitcoin and Ethereum linear options

ChainCatcher news, according to The Block, Deribit announced that it will launch Bitcoin and Ethereum linear options and fixed futures contracts settled in USDC on August 19. The product will have a minimum order size of 0.01 BTC and 0.1 ETH to enhance trading flexibility.

Deribit CEO Luuk Strijers stated that USDC settlement can provide higher capital efficiency and fiat equivalence structure for institutional and individual investors. The exchange's trading volume reached $185 billion last month, setting a new record. Coinbase recently completed its acquisition of Deribit for $2.9 billion.