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Deribit to offer options on more tokens, expand in EU

The largest cryptocurrency exchange for options, Deribit, is pushing ahead with plans to provide customers with contracts on more coins despite a slump in volatility in digital assets. Deribit will offer options on Solana’s SOL, the XRP token linked to Ripple Labs and Polygon’s MATIC starting January. The firm will also apply for a brokerage license in the European Union. Crypto derivative trading volumes slid to about $1.5 trillion in September from around $2 trillion at the start of this year, hampered by depressed digital-asset prices and volatility compared with the peaks of 2021. Deribit’s expansion would take it beyond the likes of Bitcoin, Ether and USD Coin options for the first time.

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