Deribit Launches USDC-Settled Options for BTC, ETH
Deribit unveils USDC-settled options for BTC and ETH, enhancing crypto trading flexibility.

- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Launch of USDC-settled BTC, ETH options by Deribit.
- New options offer flexibility and capital efficiency.
Deribit, a Coinbase subsidiary, has launched USDC-settled BTC and ETH options on August 19, 2025, offering fiat-equivalent settlement for these cryptocurrencies on its Dubai-based platform.
This launch by Deribit broadens institutional and retail access to crypto derivatives, potentially increasing market liquidity and stability.
Deribit’s Expansion with USDC-Settled Options
The Coinbase-owned Deribit has officially introduced USDC-settled options for BTC and ETH. Beginning August 19, 2025, these options settle in USDC and integrate with the firm’s existing products, marking a notable milestone in crypto derivatives.
Deribit’s launch follows its acquisition by Coinbase for $2.9 billion. Led by CEO Luuk Strijers, the product rollout aims to offer institutional-grade flexibility and efficiency, appealing to a broad range of traders. As Luuk Strijers, CEO of Deribit, remarked, “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.”
The crypto market and trading industry are expected to experience enhanced flexibility and capital efficiency. This move aims to attract both institutional and retail participants, with USDC settlement simplifying access and broadening market appeal.
Financial implications are significant, given Deribit’s monthly volume surpassing $185 billion. The firm’s expansion of USD-equivalent products suggests potential liquidity shifts towards USDC. Market stability may benefit from transparent, fiat-equivalent structures.
Regulatory insights highlight notable attention as Coinbase’s public status necessitates compliance. The products remain under Dubai-based Deribit operations, continuing their innovative trajectory. Market adoption of USDC-settled derivatives could reshape trading landscapes.
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