Cryptocurrency options trading has become increasingly popular over the last few years, and Deribit is one of the most prominent players in this growing space. Recently, the leading crypto options exchange has announced their plans to list options on two widely-traded alternative cryptocurrencies, XRP and SOL, as well as the less-common MATIC token. The new options contracts will give traders the right to purchase or sell the underlying asset at a predetermined price on or before a specific date. This will facilitate hedging of altcoin exposure and provide risk management options to altcoin traders that were not available before.

In addition to the cryptocurrency options expansion, Deribit are also searching for a brokerage license in the European Union (EU). This will likely result in an increase in liquidity in the crypto options space, and allow Deribit to implement more sophisticated trading products.

Currently, Deribit offers options and perpetual futures tied to BTC, ETH and Volatility. In September, the exchange accounted for 86% of the global crypto options market, and its BTC and ETH options are popular among traders that want to manage their risks or make volatility bets.

Therefore, Deribit's enterprise to expand their offerings of cryptocurrency options is great news for all traders and investors. The options on XRP, SOL and MATIC tokens will undoubtedly introduce more features to the existing product suite, and may help to further increase trading volumes and liquidity in the crypto options market.



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