Crypto derivatives exchange Deribit has announced the addition of Solana, XRP and Polygon to its linear options offering.
According to Luuk Strijers, Deribit's chief commercial officer, this expansion is due to customer demand.
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He added that "expanding our offering with some key altcoins; SOL, MATIC and XRP" was a natural progression for the platform, as there is more than 85% of open interest for Bitcoin and Ethereum options on Deribit
Deribit saw a significant increase in activity last month, reaching its highest turnover since May 2021 with a total of $83.3 billion. The platform also reported its highest historical number of corporate accounts participating in trades in a single month.