{"id":61201,"date":"2023-10-10T08:33:01","date_gmt":"2023-10-10T12:33:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=61201"},"modified":"2023-10-10T08:33:52","modified_gmt":"2023-10-10T12:33:52","slug":"deribit-to-offer-options-on-more-tokens-expand-in-eu","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/deribit-to-offer-options-on-more-tokens-expand-in-eu\/","title":{"rendered":"Deribit to Offer Options on More Tokens, Expand in EU"},"content":{"rendered":"\n

Deribit plans to introduce options trading for SOL (Solana), XRP (Ripple), and MATIC (Polygon) starting in January 2024<\/a>.<\/p>\n\n\n\n

\"Deribit
Deribit to Offer Options on More Tokens, Expand in EU<\/figcaption><\/figure>\n\n\n\n

About a year after the platform experienced a $28 million attack, the cryptocurrency derivatives exchange Deribit<\/a> is attempting to apply for a brokerage license in the European Union.<\/p>\n\n\n\n

The exchange now regarded the EU as the “best environment to launch new products,” according to Deribit CCO Luuk Strijers in an interview with Bloomberg, despite rumors that the company intends to relocate to Dubai in early 2023. Deribit CCO Luuk Strijers \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>stated:<\/p>\n\n\n\n

\n

“Is this the best environment to launch new products or should we defer? That's what keeps us awake.”<\/p>\n<\/blockquote>\n\n\n\n

The company is anticipating “some increased volatility” in early 2024 as a result of Deribit's intentions to introduce new options on the altcoins Solana (SOL), XRP, and Polygon (MATIC), which the U.S. Securities and Exchange Commission has designated as securities. <\/p>\n\n\n\n

Deribit provides Bitcoin (BTC) and Ethereum (ETH) alternatives as of publication. Despite high-profile instances in the past, the largest cryptocurrency exchange<\/a> for options is pushing to expand its services in new locations. <\/p>\n\n\n\n

Deribit acknowledged experiencing a $28 million exploit on one of its hot wallets around the beginning of November 2023. The exchange promised consumers that the insurance fund would not be impacted in any way since it would make up the missing monies from its emergency reserve funds.<\/p>\n\n\n\n

According to data from Laevitas, a quantitative data analytics company, Deribit, which was founded in 2015, has over 80% of the worldwide crypto options market. Through two rounds of fundraising, the exchange raised $140 million with the help of 10T Holdings and Akuna Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

Deribit plans to introduce options trading for SOL (Solana), XRP (Ripple), and MATIC (Polygon) starting in January 2024. About a year after the platform experienced a $28 million attack, the cryptocurrency derivatives exchange Deribit is attempting to apply for a brokerage license in the European Union. The exchange now regarded the EU as the “best […]<\/p>\n","protected":false},"author":43,"featured_media":61204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[12077,1332,591],"class_list":["post-61201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-deribit","tag-eu","tag-tokens"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/croc_1696934288347.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/61201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=61201"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/61201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/61204"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=61201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=61201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=61201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}