Deribit derivatives exchange will launch spot trading with zero fee

Three trading pairs will be available from April 24 — BTC/USDC, ETH/USDC, and ETH/BTC

20.04.2023 - 09:20

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What’s new? Crypto derivatives exchange Deribit has added spot trading to its futures and options products. Starting April 24, 13:00 UTC, spot trading will be open without fees in BTC/USDC, ETH/USDC, and ETH/BTC pairs. The platform’s representatives noted that they strive to develop liquid markets and minimize obstacles for buyers, so zero rates will be set for both makers and takers.

Deribit Blog

What else does the blog say? Luuk Strijers, Chief Commercial Officer at Deribit, said that the company is committed to providing customers with a complete platform that meets all of their needs. The launch of spot trading along with futures and options products will create a full exchange offering aimed at all categories of traders, he added.

What is known about the exchange? Deribit was founded in June 2016 in Panama City as a bitcoin trading platform. It offers options, inverse and linear perpetual contracts, and futures (including volatility futures) on Bitcoin, Ethereum, and USDC stablecoin.

On March 30, open interest on the platform reached an all-time high of more than $20 billion. As of April 20, 80 trading pairs are listed on the exchange, with a daily trading volume of $1,55 billion, according to aggregator CoinGecko.

On April 19, crypto exchange Binance opened the withdrawal of Ethereum coins from staking, until May 10 the platform offers fee-free trading in pairs BETH/ETH and BETH/USDT.