Deribit will launch USDC-settled Bitcoin and Ethereum options

According to reports from Hash World, the crypto derivatives trading platform Deribit has announced that it will launch USDC-settled Bitcoin (BTC) and Ethereum (ETH) linear options and futures contracts on August 19, further expanding its stablecoin settlement product line. The new contracts have a minimum order quantity set at 0.01 BTC and 0.1 ETH, which helps improve trading accessibility. Last year, Deribit launched USDC-settled linear options for Solana, Polygon, and XRP, and the MATIC options have now been taken offline. Deribit has stated that the growing demand for stablecoin-settled derivatives from institutional and individual investors has prompted this expansion. The exchange's trading volume has exceeded $185 billion this month, and it was recently acquired by Coinbase for about $2.9 billion.