The new spot trading facility will have zero maker and taker charges, which means there will be no margin for the exchange.
Deribit, the world’s largest crypto options exchange, is expanding its offerings by launching its zero-fee spot trading. As per the announcement, the company will launch a zero-fee spot exchange by April 24.
With this development, Deribit now offers its clients a full spectrum of trading opportunities. The move comes shortly after Binance ended its zero-fee spot trading campaign last month.
Prior to this, Deribit launched its bitcoin options trading in 2016. The firm has since expanded into inverse and linear stablecoin and futures markets for the three base currencies: bitcoin, ether, and dollar-pegged stablecoins. usdc, Currently, the exchange is the market leader in the crypto options market, to control Over 90% of Open Interest in both Bitcoin and Ether options trading.
According to Deribit Chief Commercial Officer Luke Striegers, the exchange is only now delving into spot trading after maintaining the highest level of security and transparency on its crypto derivatives trading platform.
“By adding spot trading to our existing futures and options products, we are now able to provide a complete exchange offering that caters to all types of traders,” said Striegers.
Zero-fee spot trading on Deribit
The availability of spot trading means users can now buy and sell bitcoin (B T c) and ether (ETH) Immediately. This also means that sophisticated traders will be able to set up complex multi-stage strategies involving both the spot market and futures and options contracts in one place.
The new spot trading facility will have zero maker and taker charges, which means there will be no margin for the exchange. At launch, Deribit will offer spot trading with three pairs: BTC/USDC, ETH/USDC, and ETH/BTC. However, the exchange may list more coin pairs in the future.
Deribit aims to attract more retail users with its spot trading launch. However, like its derivatives platform, it will not be available to users in the US and some other restricted countries, according to Striegers. Striegers added that trading platforms must adapt to the changing needs of the digital asset ecosystem. He added that this would help the ecosystem “remain secure, transparent and compliant”.
At the same time, the crypto exchange is also planning to obtain a crypto license in Dubai. Once done, the firm will take it forward the headquarters to Panama City.
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