Crypto options exchange Deribit plans to launch Polygon, Ripple, Solana

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Crypto options exchange Deribit plans to launch Polygon, Ripple, Solana

The leading centralized cryptocurrency options exchange Deribit announced plans to launch products for Polygon, Ripple and Solana.

Stijers said he expects market movements to pick up during Q1 2024.

Deribit also said it plans to apply for a European Union brokering license and is planning on relocating its headquarters from Panama to Dubai.

The company claims to control 85% of the digital asset options markets, with institutional traders making up 85% of Deribit's trading volume. The trade volume on Deribit, however, is down roughly half from their record highs of 2023.