Deribit to Launch Zero-Fee Spot Trading

The latest addition provides Deribit customers with a complete exchange offering.

Deribit, the world’s largest crypto options exchange, today announced the launch of zero-fee spot trading, allowing clients to buy and sell assets and simultaneously manage risk using derivatives. Spot trading will start 24 April 2023 1 PM UTC with three pairs (BTC/USDC, ETH/USDC and ETH/BTC), enabling clients with a simple and free solution for exchanging collateral and eliminating the need for external asset conversion.

Clients will enjoy a zero fee structure for trading these pairs on Deribit. The exchange aims to foster liquid markets and minimize taker hurdles with the following fee schedule: maker 0% / taker 0%. Because of chosen structure, there will not be any volume discounts, affiliate or partner sharing offered on this model.

“Our goal has always been to provide our users with a complete exchange platform that meets all their trading needs,” said Luuk Strijers, Chief Commercial Officer at Deribit. “After years of being the leading crypto derivatives trading platform and ensuring that our exchange has the highest level of security and transparency, we have decided to apply our expertise to spot trading. By adding spot trading to our existing futures and options products, we are now able to provide a fulsome exchange offering that caters to all types of traders.”

Currently, Deribit offers options, inverse & linear perpetuals and futures (incl volatility futures) for three bases currencies (Bitcoin and Ethereum and USDC), which allows investors to efficiently manage risk and hedge their investments. With the addition of spot trading, Deribit now serves a wider range of traders who seek to swap directly between assets with immediate delivery and ownership.

As the digital asset space continues to evolve, trading venues will have to grow alongside it and ensure the ecosystem remains secure, transparent and compliant. Deribit is doing just that and the launch of spot trading capabilities is the latest step in Deribit’s mission to innovate in digital asset trading and provide additional value to our users and partners.

The introduction of free spot trading capabilities comes shortly after Deribit’s launch of BTC DVOL futures, a contract built on DVOL (the Deribit Bitcoin Volatility Index) that facilitates Bitcoin volatility trading. Deribit has also experienced a continued increase in investor activity, seeing open interest on the platform hit an all-time high of over $20 billion on March 30th, 2023.

About Deribit

Deribit is a centralized, institutional-grade crypto derivatives exchange for options and futures trading based in Panama City, Panama. Deribit’s state-of-the-art infrastructure offers instantaneous price discovery, low latency trading, advanced risk mitigation services, and deep liquidity via its network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and has robust proof of assets and liabilities procedures to ensure the exchange is held to the highest of standards.

For additional information, visit us here.

Media Contact

M Group Strategic Communications (On behalf of Deribit) [email protected].