Deribit Launches USDC-Settled Options, Exceeding $185 Billion in Trading Volume

Deribit is set to revolutionize crypto options trading with the launch of USD-settled Bitcoin and Ethereum options on August 19th, shortly after its acquisition by Coinbase. This move marks a significant shift towards increased efficiency and liquidity for traders while leveraging USDC for settlement. The platform recently reached a record trading volume of $185 billion, showcasing Deribit’s growing influence in the crypto derivatives market.