Deribit to Launch Zero-Fee Spot Trading

Deribit, the largest crypto options exchange in the world, will soon expand its range of services with the addition of a zero-fee spot trading feature, the company said in a press release on 20 April.

According to the announcement, the new Deribit platform will go live on 24 April and offer its users spot trading with three pairs: ETH/BTC, ETH/USDC, and BTC/USDC. The exchange — which accounted for over 90% of global crypto options open interest in March — noted that the spot trading feature will have zero maker and taker fees “for the foreseeable future”, and that more trading pairs could be added eventually.

By adding zero-fee spot trading, Deribit hopes to attract more users to its platform, which currently offers services such as options, inverse and linear perpetuals and futures, and volatility futures for BTC, ETH, and USDC. All of these services will allow sophisticated traders — with the exception of those living in the U.S. and other restricted countries — to set up complex trading strategies in one place. Deribit’s chief commercial officer, Luuk Strijers, said in a statement:

“After years of being the leading crypto derivatives trading platform and ensuring that our exchange has the highest level of security and transparency, we have decided to apply our expertise to spot trading. 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.”

Deribit’s zero-fee spot trading feature was announced almost a month after cryptocurrency exchange Binance terminated its own zero-fee spot trading campaign for 13 trading pairs, including BNB, BTC, and ETH with multiple fiat and stablecoin currencies.