Crypto exchange Deribit launches no-fee spot trading

Deribitthe largest platform trading platform ofcrypto options in terms of volume, will offer free cash exchange for several popular pairs from tokens.

This Thursday, Deribitan exchange that offers the possibility to trade options and futures on BTC and ETH, has announced the upcoming arrival of a spot trading with zero cost.

Starting April 24, the Panama-based platform, which serves mostly institutional investors, will allow free trading of the following pairs: BTC/USDC, ETH/USDC and ETH/BTC.

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“After years of being the leading crypto derivatives trading platform and to ensure the highest level of security and transparency, we decided to apply our expertise to cash trading “, stated Luuk Strijers, Deribit’s commercial director, in a statement.

Customers of Deribit will now be able to buy Bitcoin and Ethereum while trading derivatives, without having to leave the exchange.

You had to buy ether on Binance instead of Deribit. If you want to convert $5 million [en Bitcoin]for example, we had to tell you to go somewhere else, which is terrible customer service. To have a proper derivatives offering, you also have to have spot,” Strijers explained to FT.

Last month, the crypto spot trading giant, Binanceput an end to his zero cost program on Bitcoin launched in the summer of 2022, except with the stablecoin TUSD.

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At the beginning of the year, Deribit announced its intention to move to Dubai in the 3rd quarter of 2023.

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