Deribit Exchange Expands Institutional Offerings with AVAX Options, Fueling $100 Price Target Speculation
Deribit has expanded its derivatives offerings with the launch of USDC-settled options for Avalanche (AVAX), complementing its existing perpetual market for the token. The move signals growing institutional interest in AVAX as a tradable asset, with eligible users receiving monthly USDC rewards for holding the stablecoin on the platform.
Technical analysis reveals AVAX is consolidating near a critical support zone between $13-$14—a level that historically precedes rallies. A breakout from its long-term downward channel could propel the token toward the $100 mark, according to market observers.