Deribit, the popular cryptocurrency exchange, has disclosed its plans to expand its offerings by introducing Spot Trading at zero fees. The plan is geared towards enhancing the trading experience of its users by providing a more diverse product range. This development will position Deribit as a one-stop-shop for all cryptocurrency trading needs. The zero fees on Spot Trading is a significant move for the exchange as it seeks to attract and retain more customers. Deribit’s introduction of Spot Trading comes at a time when the cryptocurrency market is experiencing a surge in trading activities. As such, traders can take advantage of this opportunity to maximize their profit potential while benefitting from no fees on their trades. The move is expected to have a positive impact on the exchange while transforming the trading experience of its users.
Deribit Sets to Launch Zero-Fee Spot Trading for Bitcoin, Ethereum, and USDC
Crypto options exchange Deribit has announced its latest offering – zero-fee Spot Trading. The new feature will go live on April 24, 2023, at 1 pm UTC, with zero fees for both makers and takers. The launch of this feature follows the success of the venture’s crypto derivatives trading, and the level of security and transparency played a big part in its launch.
The three pairs users can trade under Spot Trading are ETH/USDC, BTC/USDC, and ETH/BTC. This new feature provides a simple solution, requiring no additional cost for exchanging collateral and mitigating the need for external sources for asset conversion. However, the zero-fee structure comes with a slight disadvantage as it removes volume discounts and sharing to affiliates and partners.
Despite that, Deribit expects this model to thrive as it widens the range of offerings that traders can look forward to on the derivatives exchange platform. Deribit deals with options and futures and provides a centralized and institutional-grade crypto derivatives exchange. With deep liquidity backed by top-tier market-makers, low latency trading, and risk mitigation services, Deribit excels in offering price discovery.
The basic currencies supported by Deribit are Bitcoin, Ethereum, and USDC, which empower investors to manage risk and hedge their investments. In line with its mission to foster a liquid market and minimize hurdles for takers, the platform can now provide a complete experience in exchange service catering to every type of trader.
Deribit’s announcement for zero-fee Spot Trading comes shortly after it launched BTC-DVOL futures. The Deribit Bitcoin Valley Index facilitates Bitcoin volatility trading, and the futures contract is constructed on top of it. As of March 30, 2023, Deribit has experienced an increase in investor activity, bringing over $20 billion to the platform, with open interest at an all-time high.
In conclusion, Deribit’s foray into zero-fee Spot Trading is set to create more value for traders on the platform while affirming its commitment to offering top-tier crypto derivatives trading services. With deep liquidity, low latency trading, and a unique set of features, Deribit continues to hold high industry standards with its robust proof of assets and liabilities procedures.
– Deribit to Launch Zero-Fee Spot Trading for BTC, ETH, and USDC
– Zero-Fee Spot Trading Launches on Deribit on 24th April 2023