Deribit, the world's largest crypto options exchange, now offers zero-fee spot trading. Buy and sell BTC and ETH immediately on one platform.
Crypto Options Exchange Deribit Launches Zero-Fee Spot Trading Platform - Digitalwiher.com
Deribit, the world's largest crypto options exchange by open interest and trading volumes, is now offering a new spot trading feature with zero maker and taker fees. This feature will allow users to buy and sell bitcoin (BTC) and ether (ETH) immediately, in addition to trading derivatives where the delivery of the underlying asset is made on a future date. The platform will offer three pairs - BTC/USDC, ETH/USDC, and ETH/BTC.
Spot Trading: A Game Changer for Traders
The availability of the spot market means traders no longer have to go elsewhere to exchange major cryptocurrencies and can set up multi-leg complex strategies in one place. With the addition of the spot trading feature, Deribit's platform now boasts a comprehensive suite of both derivatives and spot trading solutions.
According to Luuk Strijers, the Chief Commercial Officer at Deribit, the new feature "serves as an exceptional tool for exchanging collateral like BTC and ETH, with the added benefit of zero costs, further enhancing the overall trading experience for our clients."
Benefits of Spot Trading
Spot trading has several benefits for traders. Firstly, it allows them to buy and sell cryptocurrencies immediately, which is especially useful when the market is moving quickly. It also means traders can access a wider range of cryptocurrencies on a single platform without the need for multiple exchanges. Additionally, sophisticated traders can set up multi-leg complex strategies involving both the spot market and futures and options contracts.
Deribit's Evolution in the Crypto Market
Deribit launched bitcoin options trading in 2016 and has since expanded into inverse and linear perpetual and futures markets for three base currencies: bitcoin, ether, and the dollar-pegged stablecoin USDC. In March, the exchange accounted for 91% of global options open interest of over $13 billion. Last month, the exchange unveiled trading in bitcoin volatility futures, allowing traders to place bets on the degree of price turbulence in the top cryptocurrency.
Conclusion
Deribit's zero-fee spot trading platform is a significant development in the cryptocurrency market. The availability of spot trading on the platform means users can now buy and sell bitcoin and ether immediately, in addition to trading derivatives. Traders will appreciate the convenience of accessing multiple cryptocurrencies on a single platform and setting up multi-leg complex strategies. Deribit's evolution in the crypto market showcases its commitment to meeting the diverse needs of traders in the digital asset space.
