Deribit, a subsidiary of Coinbase (COIN), announced the launch of new linear options contracts for BTC and ETH, priced and settled in USDC, effective August 19. They come with new USDC-settled BTC & ETH dated futures, alongside the existing USDC-settled perpetual futures. The launch of these new platform features was driven by strong institutional and retail demand, Deribit said. Deribit CEO Luuk Strijers commented on the news, “The introduction of linear options for BTC and ETH marks a significant milestone in our mission to offer institutional-grade products tailored to the evolving needs of our clients. By settling in USDC, we’re providing greater flexibility, capital efficiency, and a familiar fiat-equivalent structure that appeals to both institutional and retail participants.”
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