Deribit will launch USDC settled Bitcoin and Ethereum linear options According to The Block, Deribit, a cryptocurrency derivatives exchange, announced that it will launch USDC settled Bitcoin (BTC) and Ethereum (ETH) linear options and term contracts on August 19th, further expanding its stablecoin settlement product line. The minimum order quantity for the new contract is 0.01 BTC and 0.1 ETH, improving trading accessibility. Deribit launched USDC settled linear options such as Solana, Polygon, and XRP last year, and the existing MATIC options have been taken offline. Deribit stated that the growth in demand for stablecoin settlement derivatives from institutions and retail investors has driven this expansion. The exchange's trading volume exceeded $185 billion this month and was recently acquired by Coinbase for approximately $2.9 billion.