Cryptocurrency derivatives exchange Deribit has announced that it will be offering linear options for Solana (
SOL
+4.68%
), 
XRP
+1.00%
, and Polygon (
MATIC
+1.58%
).
“Based on demand from our clients, we chose to expand our offerings with some key altcoins; SOL, MATIC, and XRP,” Deribit Chief Commercial Officer Luuk Strijers said in an email to The Block.
Strijers added that introducing USDC-based altcoin options is a natural progression for the derivatives trading platform. “There is now over 85% of open interest for bitcoin and ethereum options on Deribit,” he noted.
Deribit exchange activity increases
In January, Deribit experienced a substantial surge in activity, achieving its highest turnover since May 2021 — totaling $83.3 billion.
Additionally, in January, the exchange reported the highest-ever number of corporate accounts engaging in trading within a single month.
Deribit also observed the highest number of unique retail participants actively trading since December 2021 — indicating a notable increase in retail involvement in the platform’s offerings.
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