Deribit Expands Options Trading to Include XRP
Deribit introduces linear options for SOL, XRP, and MATIC, simplifying cryptocurrency derivatives trading. Expansion meets growing market demand, reflecting Deribit's remarkable growth and engagement.
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Deribit introduces linear options for SOL, XRP, and MATIC, simplifying cryptocurrency derivatives trading. Expansion meets growing market demand, reflecting Deribit's remarkable growth and engagement.
Despite a recent decrease in crypto derivative trading volumes, which fell from around $2 trillion at the beginning of the year to approximately $1.5 trillion in September, Deribit remains optimistic about its expansion plans.
The crypto options exchange is also looking to obtain broker licenses in UK, Brazil, and Singapore.
This comes after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX.
China banned crypto trading and mining last year.
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The creditors of Three Arrows Capital may be left holding the bag, according to a source who claims the hedge fund's exposure to Deribit is only worth $25 million.
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Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk.