Key Points:
- Cryptocurrency exchange Deribit announced it would launch free spot trading on April 24.
- The three spot trading pairs eligible for the program are BTC/USDC, ETH/USDC, and ETH/BTC.
- The plan was launched to make it possible for the exchange to provide clients with a full range of trading opportunities, including derivatives and spot trading.
Deribit, the world’s largest crypto options exchange, is entering the spot trading space with a free spot trade campaign from April 24.
The company announced late April 19 that it would launch a free spot exchange on April 24 with 3 trading pairs. The move comes shortly after rival Binance’s zero-fee spot trading campaign ended late last month.
“Spot will start April 24 2023 1 PM UTC with three pairs (BTC/USDC, ETH/USDC, and ETH/BTC), enabling clients a simple and free solution for exchanging collateral and eliminating the need for external asset conversion.”
Customers will enjoy a zero-fee structure when trading these pairs on Deribit. The exchange aims to promote market liquidity and minimize barriers for recipients with the following fee schedule: 0% producer / 0% receiver. Due to the chosen structure, there will not be any volume, affiliate, or partner-sharing discounts offered on this model.
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.
Deribit entered spot trading seven years after its inception. Free spot trading capabilities are introduced shortly after Deribit launched DVOL BTC futures, a contract built on DVOL (Deribit Bitcoin Volatility Index) that facilitates trading Bitcoin volatility translation.
Deribit plans to attract more retail users with the launch of spot trading. It also plans to apply for a cryptocurrency license in Dubai and move its headquarters to the city from Panama.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
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Deribit Launches Free Spot Trading On April 24
Key Points:
- Cryptocurrency exchange Deribit announced it would launch free spot trading on April 24.
- The three spot trading pairs eligible for the program are BTC/USDC, ETH/USDC, and ETH/BTC.
- The plan was launched to make it possible for the exchange to provide clients with a full range of trading opportunities, including derivatives and spot trading.
Deribit, the world’s largest crypto options exchange, is entering the spot trading space with a free spot trade campaign from April 24.
The company announced late April 19 that it would launch a free spot exchange on April 24 with 3 trading pairs. The move comes shortly after rival Binance’s zero-fee spot trading campaign ended late last month.
“Spot will start April 24 2023 1 PM UTC with three pairs (BTC/USDC, ETH/USDC, and ETH/BTC), enabling clients a simple and free solution for exchanging collateral and eliminating the need for external asset conversion.”
Customers will enjoy a zero-fee structure when trading these pairs on Deribit. The exchange aims to promote market liquidity and minimize barriers for recipients with the following fee schedule: 0% producer / 0% receiver. Due to the chosen structure, there will not be any volume, affiliate, or partner-sharing discounts offered on this model.
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.
Deribit entered spot trading seven years after its inception. Free spot trading capabilities are introduced shortly after Deribit launched DVOL BTC futures, a contract built on DVOL (Deribit Bitcoin Volatility Index) that facilitates trading Bitcoin volatility translation.
Deribit plans to attract more retail users with the launch of spot trading. It also plans to apply for a cryptocurrency license in Dubai and move its headquarters to the city from Panama.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
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