Deribit Launches Zero-Fee Spot Trading

UTC by Babafemi Adebajo · 2 min read
Deribit Launches Zero-Fee Spot Trading
Photo: Depositphotos

The new spot trading feature will have zero maker and taker fees, meaning there will be no margin for the exchange.

Deribit, the world’s largest crypto options exchange, is expanding its offerings by launching its zero-fee spot trading. Per the announcement, the company will launch a zero-fee spot exchange by April 24.

With this development, Deribit now offers a full spectrum of trading opportunities to its clients. The move comes shortly after Binance ended its zero-fee spot trading campaign last month.

Previously, Deribit launched its bitcoin options trading in 2016. The firm has since expanded into inverse and linear perpetual and futures markets for three base currencies: bitcoin, ether, and the dollar-pegged stablecoin USDC. Currently, the exchange is the market leader in the crypto options market, controlling over 90% share of open interest in both bitcoin and ether options trading.

According to Luuk Strijers, chief commercial officer at Deribit, the exchange is only now delving into spot trading after maintaining the highest levels of security and transparency on its crypto derivatives trading platform.

“By adding spot trading to our existing futures and options products, we are now able to provide a fulsome exchange offering that caters to all types of traders,” Strijers said.

Zero-Fee Spot Trading at Deribit

The availability of spot trading means users can now buy and sell bitcoin (BTC) and ether (ETH) immediately. It also means sophisticated traders in one place will be able to set up multi-leg complex strategies involving both the spot market and futures and options contracts.

The new spot trading feature will have zero maker and taker fees, meaning there will be no margin for the exchange. At launch, Deribit will offer spot trading with three pairs: BTC/USDC, ETH/USDC, and ETH/BTC. However, the exchange may list more coin pairs in the future.

Deribit aims to attract more retail users with its spot trading launch. However, like its derivatives platform, won’t be available for users in the US and some other restricted countries, according to Strijers. Strijers opined that trading platforms needed to adapt to the changing needs of the digital asset ecosystem. This, he noted will help the ecosystem to “remain secure, transparent, and compliant.”

Meanwhile, the crypto exchange is also planning to get a crypto license in Dubai. Once done, the firm will move its headquarters to the city from Panama.

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