Cryptocurrency Q&A
What is the settlement currency in Deribit?
What is the settlement currency in Deribit?
lucas_lewis_inventor
Fri Sep 13 2024
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1 answers
164
Could you please clarify what the settlement currency is for transactions on Deribit? I'm interested in understanding the specific currency that is used to settle trades and any potential implications this may have for traders. Is it a widely recognized and stable currency, or is it a more niche or volatile option? Additionally, are there any limitations or restrictions related to using this settlement currency that traders should be aware of?
1 answers
FireFlyer
Sun Sep 15 2024
In the realm of cryptocurrency options trading, settlement currencies play a pivotal role. When it comes to the popular options for Bitcoin and ethereum, the base currency itself serves as the settlement currency. Specifically, BTC options are settled in BTC, and similarly, ETH options are settled in ETH. This direct settlement mechanism ensures a seamless and efficient trading experience for investors.
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