XRP, MATIC, SOL Options To Debut On Deribit In January 2024
Portfolio Pulse from Khyathi Dalal
Deribit, the largest cryptocurrency exchange for options, plans to offer contracts on Solana (CRYPTO: SOL), Ripple Labs' XRP token (CRYPTO: XRP), and Polygon’s MATIC (CRYPTO: MATIC) from January 2024. The platform also intends to obtain a brokerage license in the EU and move its base to Dubai after securing the necessary license. Despite the volatility in digital assets, Deribit's product launch plans remain unchanged.
October 09, 2023 | 2:22 pm
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POSITIVE IMPACT
Deribit's plan to offer options on MATIC could increase its liquidity and volatility.
The introduction of options trading for a cryptocurrency typically increases its liquidity and can lead to increased volatility due to the leverage involved in options trading.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deribit's plan to offer options on SOL could increase its liquidity and volatility.
The introduction of options trading for a cryptocurrency typically increases its liquidity and can lead to increased volatility due to the leverage involved in options trading.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deribit's plan to offer options on XRP could increase its liquidity and volatility.
The introduction of options trading for a cryptocurrency typically increases its liquidity and can lead to increased volatility due to the leverage involved in options trading.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80