In January of the coming year, Deribit, a leading options & futures exchange, plans to introduce options trading for SOL (Solana), XRP (Ripple), and MATIC (Polygon).
Despite recent lower market volatility in the crypto space, Deribit remains optimistic and ambitious for the new year. Their Chief Commercial Officer, Luuk Strijers, announced that starting in January, the platform will offer options trading for three alternative cryptocurrencies: SOL, XRP, and MATIC.
While crypto derivative trading volumes have decreased from $2 trillion earlier this year to $1.5 trillion in September, Strijers anticipates a potential increase in market volatility by January, coinciding with the launch of these new products.
Market participants are eagerly awaiting potential market dynamics, especially with the introduction of Ether futures exchange-traded funds (ETFs). Additionally, the approval of Bitcoin spot ETFs by US regulators is expected to rekindle the enthusiasm seen in 2021.
Originally based in Panama and known for offering options on Bitcoin, Ether, and USD Coin, Deribit is expanding its global presence by seeking a brokerage license within the European Union.
The company is also considering a move to Dubai due to its crypto-friendly regulatory environment, contingent on acquiring the necessary licenses from the United Arab Emirates.
In terms of organizational growth, Deribit is planning to expand its team further by hiring 12 additional professionals shortly.
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