Exchange Deribit announced that it will launch zero-fee spot trading on April 24, allowing clients to buy and sell assets while managing risk with derivatives.
Initially, three currency pairs will be available for spot trading: BTC/USDC, ETH/USDC and ETH/BTC.
The launch of the spot trading platform is a key step in Deribit's strategy to innovate in digital asset trading and provide additional opportunities for its users and partners, according to the exchange's official website.
The decision to introduce free spot trading follows Deribit's launch of BTC DVOL futures, a contract based on DVOL (Deribit Implied Volatility Index) that facilitates trading of Bitcoin volatility.
"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," said Deribit Chief Commercial Officer Luke Strayers.
Founded in 2016, cryptocurrency exchange Deribit features a multi-level security system and high-speed trade execution. The platform is aimed at traders of all levels due to its attractive trading conditions and has its own insurance fund.
