24/7 Cryptocurrency News

Breaking: Deribit Expands Trading Horizon with SOL, XRP, MATIC Linear Options

Deribit launches linear options for SOL, XRP, and MATIC, offering a simpler way to trade in the volatile crypto market.
Published by
Breaking: Deribit Expands Trading Horizon with SOL, XRP, MATIC Linear Options

Highlights

  • Deribit introduces linear options for Solana, XRP, and Polygon to meet the growing demand for simpler trading instruments in the volatile crypto market.
  • The new linear options ensure a direct correlation between the option's value and the underlying cryptocurrency's price movement, simplifying trading strategies.
  • This expansion into SOL, MATIC, and XRP options responds to customer demand, highlighting Deribit's adaptability to market needs.

Deribit has launched linear options for Solana (SOL), Ripple (XRP), and Polygon (MATIC). This strategic growth intends to meet the increasing needs of traders for simpler and more understandable trading instruments in a volatile cryptocurrency market. As Deribit already offers linear options, it will now provide its users with an immediate way of speculating on these altcoins’ future price movement or protecting their positions.

Linear options introduced by Deribit provide a straight connection between the price movement of an option and that of its underlying asset. This implies that the option contract’s value will be tracked with price movement on the underlying cryptocurrency, providing a less complicated and predictable trading environment compared to traditional options. This is expected to bring traders who want an easier way of navigating the challenges that are associated with the cryptocurrency derivatives market.

Advertisement

Market Demand and Strategic Expansion

The development to add SOL, MATIC, and XRP to Deribit’s altcoin options basket arrives as a direct response to the rising demand from its customers. Luuk Strijers, the Chief Commercial Officer of Deribit, highlighted that this expansion directly responds to clientele demand, showing how responsive the platform has been by adapting its services to market needs. Launching USDC-based altcoin options is a logical step for Deribit since it has already become the leader in BTC and ETH option markets with more than 85% open interest.

Deribit’s decision to expand its altcoin options offerings is a major step in diversifying its portfolio and solidifying itself as one of the biggest players in the derivatives market. As the platform reached its peak turnover since May 2021 to $83.3 billion in January and recorded unprecedented levels of engagement from corporate accounts and unique retail participants, introducing linear options for SOL, XRP and MATIC is bound to drive further growth momentum upwards.

Advertisement

Deribit Targets a Larger Market with SOL, XRP, MATIC

The introduction of linear options for the SOL, XRP, and MATIC by Deribit is a market demand and an attempt to improve the trading experience on its platform. With its easier and more precise relationship between the option’s price movement and that of the underlying asset, Deribit strives to clarify things for traders on how much they will make or lose from their trades. This reduction is especially attractive in the crypto market, which is recognized for its high level of volatility and complication.

In addition, Deribit’s plan to venture into altcoin options shows that the company wishes to get a larger portion of the cryptocurrency derivatives market. As the platform is already ahead in Bitcoin and Ethereum options, adding SOL, XRP, and MATIC will attract many other altcoin traders. This step widens Deribit’s range of products and strengthens its market position because it addresses the changing needs in the cryptocurrency trading community.

Read Also: Kraken Expands to Netherlands After Bagging VASP Registration

Advertisement

Share
Maxwell Mutuma

Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Mr Beast, Whales Buy ASTER Token Amid 20% Crash, What’s Next?

While the ASTER token has crashed 20% in the last 24 hours, to test the…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: U.S. Government Shuts Down After Congress Fails to Pass Funding Bill

The U.S government has entered its first shutdown in years after lawmakers failed to reach…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: BNB Chain Account Hacked With Founder CZ Shown Promoting Meme Coin

The official X account BNB Chain has been compromised, with recent posts promoting a meme…

October 1, 2025
  • 24/7 Cryptocurrency News

Trump’s Thumzup Media Boost Dogecoin Mining Fleet, Pumps $2.5M Into DogeHash

Trump-backed Thumzup Media has invested $2.5 million in DogeHash Technologies. This is in a bid…

October 1, 2025
  • 24/7 Cryptocurrency News

BREAKING: 21Shares SUI and Polkadot ETFs Gain DTCC Listing

21Shares SUI and Polkadot ETFs were listed on the DTCC website. The listing indicates progress…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Issues Guidance Enabling Ripple, Coinbase, BitGo to Qualify as Custodians

The U.S. Securities and Exchange Commission (SEC) has issued a new guidance. This allows investment…

October 1, 2025