Posted 10/9/2023, 8:29:00 AM
Deribit to Offer XRP, SOL, and MATIC Options to Boost Altcoin Liquidity
- Deribit to List XRP, SOL, MATIC Options
- Seeks License in EU
- Will offer options tied to XRP, SOL and MATIC
- Options give right to buy/sell asset at predetermined price
- Availability of these options could boost altcoin liquidity
- Traders have relied on BTC and ETH options to hedge
- Deribit has BTC, ETH options and volatility futures
- Accounts for 86% of global crypto options market
- Controls over 85% of global options open interest