XRP, MATIC, SOL Options Goes Live on Deribit, Here Are Pre-Bitcoin Halving Target Price

XRP, MATIC, SOL Options Goes Live on Deribit, Here Are Pre-Bitcoin Halving Target Price

Deribit, the world’s largest crypto derivatives exchange, announced the launch of three altcoins options — Solana (SOL), XRP, and Polygon (MATIC). Solana price hit a new 2-year high of $155 as Deribit launched SOL a day earlier on Monday, with the first few traders making bullish calls.
XRP and MATIC Options Trading Live on Deribit
Linear options trading of XRP and Polygon (MATIC) opened on crypto derivatives exchange Deribit on March 12 at 8 AM UTC. These new options markets will all use USDC as the settlement currency. This is different from Deribit’s current BTC and ETH inverse options, which use the base currency as collateral.
Deribit said new offerings from Deribit are the latest step for the exchange to offer quality products with deep liquidity. Also, USDC as the settlement currency offers advantages such as trading different altcoins options and less hedging requirement compared to BTC and ETH settlement.
“It eliminates the need for rebalancing collateral when holding

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