Deribit to introduce platform for spot cryptocurrency trading with zero commissions


On April 24, Deribit, the leading exchange in the bitcoin options segment, will introduce a cryptocurrency spot trading platform with zero commissions for takers and makers.

Initially, only three pairs will be traded: BTC/USDC, ETH/BTC and ETH/USDC.

Luke Strayers, chief commercial officer at Deribit, said: 

"We can provide our clients with a full range of trading options covering both derivatives and spot".

He also noted that trading without commission will remain so "for the foreseeable future", but transaction fees will be charged after some time. 

This spot trading feature comes seven years after Deribit was founded, with a share of more than 90 per cent of total open interest in bitcoin and etherium options.

The Deribit director stressed that the service would not be available to users from the US, Canada, Japan and some other countries.

It should be noted that Deribit suffered a cyberattack in late November that resulted in a loss of $28 million. The attackers subsequently moved the funds to Tornado Cash, an anonymity tool.

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