Deribit, the only trade platform that offers both plain vanilla options on Bitcoin and futures with margin has eliminated trading fees.
The Kraken and Deribit acquisition deal is still very intact according to sources close to the matter.
Options trading on Deribit surged to $743 billion, marking a 99% year-on-year growth and reinforcing its position as the leading crypto options exchange.
As part of the migration, Deribit clients must accept new terms of service and complete a mandatory KYC process before the end of 2024 to avoid restrictions on their accounts.
Deribit has integrated Ethena Labs’ USDe as a collateral asset.
Deribit’s futures market shows that traders and investors have rested their hopes on Bitcoin and its potential growth in the coming months.
In terms of market share, the Bitcoin options market shows high concentration, with most trading on Deribit.
Panama City, Panama, 4th November 2024, Chainwire
Deribit has over $2 billion in open interest in its perpetual and futures markets within the past 24 hours. Since 2020, the exchange has accounted for 70% of the $35.7 billion of the total $51.1 billion Bitcoin options trading volume in April 2024.
Ethereum is also facing major selling pressure. The cryptocurrency is trading around $2,830 zone.
The key game-changer in Hidden Road’s recent double announcement is its expanded use of BlackRock’s BUIDL token.
Having a ratio that is higher than one means that more put options are being traded compared to call options.
The Komodo exec said the UAE is doing a lot more than the US is, to facilitate crypto adoption by supporting businesses.
BitMEX said its options trading platform will offer a full range of institutional-grade options for digital assets.
Currently, Arbelos operates offshore through the British Virgin Islands. The company is also seeking a regulatory license from financial authorities in the region to enable it to operate without restrictions in compliance with local laws.
The launch of FalconX’s Prime aims to change this dynamic by offering corporate crypto traders enhanced execution capabilities, stable credit lines, and portfolio margin options.