Deribit Exchange Expands Altcoin Derivatives with USDC-Settled AVAX and TRX Options
Deribit has launched USDC-settled options contracts for Avalanche (AVAX) and Tron (TRX), marking a strategic expansion of its altcoin derivatives offerings. This move caters to institutional and retail demand for structured exposure to mid-cap tokens while maintaining USDC as the settlement anchor.
Each AVAX option represents 100 tokens, aligning with Deribit's existing altcoin contract standards. TRX options are sized at 10,000 tokens per contract. Both products enable covered call strategies for yield generation and protective puts for downside hedging—critical tools in the current volatile market.
The exchange continues leveraging Circle's stablecoin for settlements, rewards, and platform accounting. This development follows Deribit's earlier introduction of USDC-settled perpetuals for both assets, reinforcing its position as a leader in crypto derivatives innovation.
