Breaking: Deribit Expands Trading Horizon with SOL, XRP, MATIC Linear Options

Deribit has launched linear options for Solana (SOL), Ripple (XRP), and Polygon (MATIC). This strategic growth intends to meet the increasing needs of traders for simpler and more understandable trading instruments in a volatile cryptocurrency market. As Deribit already offers linear options, it will now provide its users with an immediate way of speculating on these altcoins’ future price movement or protecting their positions.

Linear options introduced by Deribit provide a straight connection between the price movement of an option and that of its underlying asset. This implies that the option contract’s value will be tracked with price movement on the underlying cryptocurrency, providing a less complicated and predictable trading environment compared to traditional options. This is expected to bring traders who want an easier way of navigating the challenges that are associated with the cryptocurrency derivatives market.

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