Latest news with #LuukStrijers
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
Deribit Introduces Linear Options for BTC and ETH
Launch reinforces Deribit's dedication to innovation and delivering premier trading solutions to market DUBAI, UAE, Aug. 15, 2025 /PRNewswire/ — Deribit, the world's premier digital assets derivatives exchange, today announced the launch of new linear options contracts for BTC and ETH, priced and settled in USDC, effective August 19. They come with new USDC-settled BTC & ETH dated futures, alongside the existing USDC-settled perpetual futures. The launch of these new platform features was driven by strong institutional and retail demand. This latest addition to the Deribit platform follows just over a year after the successful integration of linear options for altcoins, including SOL and XRP, also settled in USDC. It also comes on the heels of USDC rewards being introduced, enabling users to earn passive returns on USDC holdings without requiring staking, lockups, or any manual action. The positive reception and growing demand for stablecoin-settled options in the altcoin space demonstrated the market's readiness for more flexible and accessible derivatives products. Building on that momentum, Deribit is now expanding its linear options offering to include BTC and ETH. Deribit CEO Luuk Strijers commented on the news, 'The introduction of linear options for BTC and ETH marks a significant milestone in our mission to offer institutional-grade products tailored to the evolving needs of our clients. By settling in USDC, we're providing greater flexibility, capital efficiency, and a familiar fiat-equivalent structure that appeals to both institutional and retail participants.' Linear options are financial derivatives whose payouts move in direct proportion to the price of the underlying asset. As the asset's price rises or falls, the value of the option adjusts accordingly, offering traders a predictable and transparent exposure to market movements. These instruments are commonly utilized for purposes such as hedging, speculative positioning, and yield enhancement, making them a valuable addition to a comprehensive trading strategy. The introduction of linear options will have no impact on Deribit's existing inverse BTC and ETH options (priced and settled in BTC, ETH) which will continue to operate as usual. The new linear options are fully integrated into the platform's risk engine and will offset inverse options for margin purposes, providing greater capital efficiency for traders managing both product types. They also come in smaller minimum order sizes (0.01 BTC and 0.1 ETH only) than the existing inverse options to provide better accessibility. For additional information, visit: About DeribitDeribit is a centralized, institutional-grade crypto derivatives exchange for options and futures trading based in Dubai, United Arab Emirates. 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. Deribit is a subsidiary of Coinbase (NASDAQ: COIN), a publicly-traded cryptocurrency platform founded in 2012. Coinbase is on a mission to increase economic freedom for more than 1 billion people. For additional information, visit: Media Contact M Group Strategic Communications (On behalf of Deribit)deribitpr@
Business Insider
26-06-2025
- Business
- Business Insider
Deribit and SignalPlus Launch 'The Summer Chase' Trading Competition 2025 Featuring a $300,000+ USDC Prize Pool
Deribit, the world's premier Bitcoin and Ethereum options ecosystem, in collaboration with SignalPlus, a crypto options and analytics dashboard, is excited to announce the launch of the Summer Trading Competition 2025 – The Summer Chase. "The Summer Chase 2025" is a five-week trading contest offering a total prize pool of over $300,000 in USDC, with additional prizes including a Tesla, a Rolex, a Hawaii vacation, and more. From leaderboard battles to referral contests and daily reward events, the campaign aims to bring together a combination of skill, strategy, and summer fun for traders around the world. Competition Details: Total Prize Pool: Over $300,000 USDC and equivalent Competition Dates: June 26 – July 31, 2025 Eligibility: Open to Deribit retail traders trading via SignalPlus Incentives: Users who register by June 30th will receive 3 free Deribit options. By referring a friend, users can win a Rolex. By inviting a trader, users will have a chance to win a Tesla. Luuk Strijers, Chief Executive Officer at Deribit, shared: "We're excited to launch the third edition of our Options Competition in partnership with SignalPlus. Following last year's massive success and incredible momentum, we knew we had to take things to the next level. This year, we're raising the stakes with bigger rewards, fresh challenges, and even more opportunities for traders to showcase their skills." Chris Yu, Co-Founder of SignalPlus, added: 'We're proud to partner with Deribit to welcome traders into the next exciting iteration of our summer trading competition. At SignalPlus, we are firm believers of crypto options being at the forefront of the next innovation wave, granting users ever expanding control of their digital asset portfolios. Together with Deribit's leading platform, we're delivering an experience that rewards skill, fosters learning, and energizes derivatives trading for the betterment of the community. As with our past collaboration successes, we are excited to see what this round of seasoned professionals and newcomers will achieve in the hot summer months, and look forward to interacting with all participants in the very near future.' Competition Highlights: Attractive Prize Pool: Compete on both individual and team leaderboards for a chance to win USDC cash rewards and additional prizes. From Tesla to Rolex to Hawaii travel to physical gold, 'The Summer Chase' should have something in store for everyone! Palm Throne Tournament: Climb the rankings each week by trading options and futures on Deribit with SignalPlus. Top traders earn weekly rewards with a twist - 1st place & odd-numbered rankers will receive bonus rewards! Island League Showdown - Team Competition: Team up and compete to win up to 1,000 USDC weekly, with 20% going to team leaders. All team members must meet the individual minimum trading volume for overall qualification. Big Referral Prizes: Invite and refer top-performing traders to the competition for a chance to win a Tesla or the equivalent of 30,000 in your referral bonuses by inviting additional registered users to earn up to 3,500 USDC, as well as jackpot prizes including a Rolex Submariner, Skydive Dubai entry, F1 Grand Prix tickets, and more. Participation Rewards & Daily Lucky Draws: Activity-based rewards will be granted to participants for making your 1st trade, social media contests, weekend boosts, and other challenges. Earn participation rewards without worrying about your rankings! Furthermore, daily events will be held to incentivize active traders with guaranteed USDC awards, while qualified teams will have a chance to win a trip to Hawaii through regular lucky draws. Cassette Rewards & Symbol Game: Daily trading activity unlocks cassette tokens for guaranteed and limited USDC rewards. Special symbol-based mechanics offer the chance to win a Hawaii trip and extra bonuses for teams. Lifestyle Prizes: From designer sunglasses and Apple Watches to travel giveaways and high-end electronics, The Summer Chase offers something for everyone. Learning & Engagement: Traders will have the opportunity to upskill their trading knowledge through weekly engagement events, prediction challenges, and social activities. Learn while you earn! The Summer Chase invites participants into a dynamic trading competition that combines strategic trading with seasonal celebration. With every trade, contenders edge closer to exclusive summer rewards. The event begins today. About Deribit Deribit is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency. About SignalPlus SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders. Access an advanced suite of tools to perform delta hedging, risk analysis, P&L attribution, and multi-leg execution with minimal slippage via our dashboard. Tap into exchange liquidity via listed order books or bilateral block-trade requests with institutional counterparties. Users can manage portfolio risk through an integrated suite of scenario-based risk simulations, supported by automated hedging functions and real-time Telegram alerts to help monitor exposures. Disclaimer: Deribit FZE is licensed by the VARA to provide Virtual Asset Exchange Services and does not accept or service retail clients. DRB Panama Inc. is not regulated and services both retail and non-retail clients. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Investing in Virtual Assets may result in you losing your entire investment. Virtual Assets are not insured against potential losses and are not protected by any form of financial protection whatsoever. Participants onboarded as clients under Deribit FZE (Qualified Investors) are eligible to win up to 5,000 USD in total throughout the competition period. They are not eligible for high-value rewards such as the Tesla or Rolex prizes. Clients registered via DRB Panama Inc. are eligible for the full prize pool, including the Tesla, Rolex, and all other promotional rewards. Contact Sidrah Fariq Deribit
Yahoo
17-06-2025
- Business
- Yahoo
Deribit Sees Strong Demand From Institutions, Volume on Its Block RFQ Tool Reaches $23B in Four Months
The institutionalization of cryptocurrencies is accelerating rapidly. Crypto derivatives exchange Deribit's on-demand liquidity tool, the Deribit Block Request-for-Quote (RFQ) interface, has registered a cumulative trading volume of over $23 billion in less than four months since its debut in early March. Deribit is a prominent derivatives exchange, offering the world's largest options market for traders of bitcoin BTC, ether ETH, Solana SOL, and XRP XRP. It also offers futures and spot trading. The exchange introduced the block RFQ system in March, where participants (takers), typically institutions and high-volume traders, request pricing for a structure – a single instrument trade or a multi-legged strategy involving spot, futures, or options. A block trade is a large transaction. Market makers, entities tasked with providing liquidity, then respond with either single or double-sided quotes, following which the best quote for the bid and the ask are displayed to the taker. The best quote for the bid and the best quote for the ask is then displayed to the taker, who can trade by crossing against either the bid or the ask. The system allows large traders to execute orders more efficiently outside of public order book systems, ensuring minimal impact on market prices. Imagine buying vegetables in large quantities directly from a farm (OTC) and receiving a better price and more flexible terms rather than bidding in a crowded market where a large order can significantly raise prices. "The RFQ system allows for multi-leg trades, multiple maker quotes, and greater price efficiency—improving execution for large OTC trades while minimizing adverse selection. It reflects strong institutional demand and Deribit's continued focus on liquidity and trade quality," Deribit's CEO Luuk Strijers told CoinDesk. Strijers noted that the system targets the needs of professional and agency trading operations, such as support for complex structures and large volumes. "Block RFQ lets multiple liquidity providers compete on partial quotes and makers benefit from reduced adverse selection, allowing tighter quotes, while takers enjoy price improvements and anonymity options," Strijers noted. The RFQ system handled trades worth $883 million in March, with the activity booming to $6.3 billion in April. The momentum continued in May, with the tally reaching $9.8 billion and exceeding $6 billion in just the first half of June. If that's not enough, the percentage of block trades executed via Deribit's RFQ has increased to 27.5% this month, up from 17% in April and 21% in May. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
XRP's Indecisive May vs. Bullish Bets – A Divergence Worth Watching
XRP, used by Ripple to facilitate cross-border transactions, ended May with signs of indecision. Still, activity on the dominant crypto options exchange, Deribit, suggests that bulls aren't ready to back down yet. The payments-focused cryptocurrency formed a "doji" with a long upper shadow in May, a classic sign of indecision in the market, according to charting platform TradingView. The long upper wick suggests that bulls pushed prices higher to $2.65, but bears stepped in and rejected those levels, driving prices down to near the level seen at the start of the month. The appearance of the doji suggests the recovery rally from the early April lows near $1.60 has likely run out of steam. Doji candles appearing after uptrends often prompt technical analysts to call for bull exhaustion and a potential turn lower. Accordingly, last week, some traders purchased the $ 2.40 strike put option expiring on May 30. A put option offers insurance against price drops. The overall picture remains bullish, with options open interest concentrated in higher-strike calls in a sign of persistent positive sentiment. Open interest refers to the number of active contracts at a given time. A call option gives the purchaser an asymmetric upside exposure to the underlying asset, in this case, XRP, representing a bullish bet. "XRP open interest on Deribit is steadily increasing, with the highest concentration of strikes clustered on the upside between $2.60 and $3.0+, reflecting a notably bullish sentiment while the spot price currently trades at $2.16," Luuk Strijers, CEO of Deribit, told CoinDesk. The chart shows that the $4 call option is the most popular, with a notional open interest of $5.39 million. Calls at the $3 and $3.10 strikes have an open interest (OI) of over $5 million each. Notional open interest refers to the dollar value of the number of active contracts. "XRP option open interest is split across June and September expiries, with monthly notional volumes approximating $65–$70 million, of which over 95% is traded on Deribit," Strijers said. The bullish mood likely stems from XRP's positioning as a cross-border payments solution and mounting expectations of a spot XRP ETF listing in the U.S. Furthermore, the cryptocurrency is gaining traction as a corporate treasury asset. Ripple, which uses XRP to facilitate cross-border transactions, recently highlighted its potential to address inefficiencies in SWIFT-based cross-border payments. The B2B cross-border payments market is projected to increase to $50 trillion by 2031, up 58% from $31.6 trillion in 2024.
Yahoo
22-05-2025
- Business
- Yahoo
Bitcoin Options Open Interest Hit Record $42.5B on Deribit as Traders Eye Next Bull Target for BTC
"Don't be surprised if buying activity picks up across the spectrum of products tied to BTC," CoinDesk said in Tuesday's edition of the Crypto Daybook Americas, presenting a bullish case for bitcoin. As bitcoin's (BTC) price jumped to new lifetime highs above $111K during Thursday's Asian trading hours it spurred record activity in the Deribit-listed options market. The notional open interest (OI), or the dollar value of the number of active or open options contracts, rose to a record $42.5 billion, Deribit's CEO, Luuk Strijers, told CoinDesk. Options are derivative contracts that give the right but not the obligation to buy or sell the underlying asset at a predetermined price at a later date. A call provides the right to buy, representing an implicit bullish bet on the market, while a put option offers insurance against price slides. BTC's move to record highs saw traders chase upside through higher strike call options. "Most traded strikes in the past 24h: $120K and $130K upside calls for May and June expiry. Highest OI now sits at the $110K, $120K, and $300K June 27 strikes — showing bullish conviction," Strijers said. Deribit is the world's largest crypto options exchange, accounting for nearly 80% of the global crypto options activity. The exchange also offers trading in perpetuals and spot markets. The overall open interest across crypto options and perpetual futures segments has also hit a record high of over $45 billion. Publicly traded crypto exchange Coinbase has planned to acquire derivatives exchange Deribit in a $2.9 billion in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
