{"id":554597,"date":"2023-10-09T12:00:54","date_gmt":"2023-10-09T12:00:54","guid":{"rendered":"https:\/\/wncen.com\/?p=554597"},"modified":"2024-06-11T08:00:04","modified_gmt":"2024-06-11T08:00:04","slug":"xrp-options-debut-deribit-game-changer-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-options-debut-deribit-game-changer-price\/","title":{"rendered":"XRP Options To Debut On Deribit: A Game-Changer For Price"},"content":{"rendered":"

The rapidly evolving crypto market is set to witness yet another milestone as Deribit, the world’s preeminent crypto options exchange, prepares to launch options contracts for XRP, Solana (SOL), and Polygon (MATIC). Given the dominating position of Deribit in the options sphere, this inclusion could have noteworthy ramifications on the pricing dynamics of XRP.<\/p>\n

Deribit To Debut XRP Options<\/h2>\n

Deribit, having established itself as the leading crypto options exchange both in terms of trading volume and open interest, is not letting the recent dip in digital-asset volatility deter its expansion endeavors. As reported<\/a> by Bloomberg, the exchange is poised to roll out options contracts for the XRP token in January.<\/p>\n

This move, announced by Chief Commercial Officer Luuk Strijers, will augment the platform’s offering which until now has been focused mainly on Bitcoin, Ether, and USD Coin options. The choice might be influenced by financial interests and prevailing market conditions. Trading volumes for crypto derivatives declined to roughly $1.5 trillion in September, down from about $2 trillion earlier in the year, affected by reduced prices and volatility relative to the highs of 2021.<\/p>\n

Related Reading: When Are AMMs Coming To XRP Ledger? Ripple CTO Gives Clear Answer<\/a><\/div>\n

Further solidifying its strategic vision, Deribit is not just limiting itself to options expansion. The Panama-based giant has disclosed plans to transition its operations to Dubai, a more crypto-receptive jurisdiction, following the attainment of necessary licensing. Parallel to this, the firm intends to bolster its workforce by approximately a dozen, adding to its current roster of 115.<\/p>\n

Strijers expressed the inherent challenges in timing new product launches given the current market sentiment. “Is this the best environment to launch new products or should we defer?” he reflected, but remained optimistic about potential volatility upticks post the January launch.<\/p>\n

Impact On The Price<\/h2>\n

With an overwhelming 85% market share in options trading, the influence of Deribit is unmistakable. The rest of the market is shared by competitors like OKX, Binance, and Bybit. A considerable 85% of the volume flowing through Deribit originates from institutional clientele. Therefore, the addition of XRP options on such a dominant platform is inevitably going to steer substantial attention toward XRP’s pricing dynamics.<\/p>\n

Options, by design, provide traders the privilege (without an obligation) to buy or sell the underlying asset at a preset price until a specific date. This can have multifaceted implications for the underlying asset. XRP, as it gets intertwined with the options mechanism, might witness higher short-term volatility in its pricing, particularly around the expiry of these contracts.<\/p>\n

Related Reading: XRP Price On The Cusp Of Major Uptick To $1.4: Crypto Analyst<\/a><\/div>\n

“Quarterly expiries are typically the most significant, in terms of volume and value,” highlighted Strijers in a recent discourse. Drawing parallels<\/a> with Bitcoin, it’s plausible that XRP might undergo amplified volatility as these options contracts approach their expiration, especially at quarter-end, depending on the volume of XRP options being traded.<\/p>\n

Conclusively, with Deribit’s unassailable stature in the options space and the inherent nature of options contracts, the induction of XRP options might very well become a pivotal point in XRP’s pricing journey. Traders, especially those engaged in XRP, will need to brace themselves for the nuanced challenges and opportunities this integration brings forth.<\/p>\n

At press time, XRP was trading at $0.4994 after briefly falling to $0.4880.<\/p>\n

\"XRP
XRP price, 1-day chart | Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The rapidly evolving crypto market is set to witness yet another milestone as Deribit, the world’s preeminent crypto options exchange, prepares to launch options contracts for XRP, Solana (SOL), and Polygon (MATIC). Given the dominating position of Deribit in the options sphere, this inclusion could have noteworthy ramifications on the pricing dynamics of XRP. Deribit To Debut XRP Options Deribit, having established itself as the leading crypto options exchange both in terms of trading volume and open interest, is not letting the recent dip in digital-asset volatility deter its expansion endeavors. As reported by Bloomberg, the exchange is poised to roll out options contracts for the XRP token in January. This move, announced by Chief Commercial Officer Luuk Strijers, will augment the platform’s offering which until now has been focused mainly on Bitcoin, Ether, and USD Coin options. The choice might be influenced by financial interests and prevailing market conditions. Trading volumes for crypto derivatives declined to roughly $1.5 trillion in September, down from about $2 trillion earlier in the year, affected by reduced prices and volatility relative to the highs of 2021. Related Reading: When Are AMMs Coming To XRP Ledger? Ripple CTO Gives Clear Answer Further solidifying its strategic vision, Deribit is not just limiting itself to options expansion. The Panama-based giant has disclosed plans to transition its operations to Dubai, a more crypto-receptive jurisdiction, following the attainment of necessary licensing. Parallel to this, the firm intends to bolster its workforce by approximately a dozen, adding to its current roster of 115. Strijers expressed the inherent challenges in timing new product launches given the current market sentiment. “Is this the best environment to launch new products or should we defer?” he reflected, but remained optimistic about potential volatility upticks post the January launch. Impact On The Price With an overwhelming 85% market share in options trading, the influence of Deribit is unmistakable. The rest of the market is shared by competitors like OKX, Binance, and Bybit. A considerable 85% of the volume flowing through Deribit originates from institutional clientele. Therefore, the addition of XRP options on such a dominant platform is inevitably going to steer substantial attention toward XRP’s pricing dynamics. Options, by design, provide traders the privilege (without an obligation) to buy or sell the underlying asset at a preset price until a specific date. This can have multifaceted implications for the underlying asset. XRP, as it gets intertwined with the options mechanism, might witness higher short-term volatility in its pricing, particularly around the expiry of these contracts. Related Reading: XRP Price On The Cusp Of Major Uptick To $1.4: Crypto Analyst “Quarterly expiries are typically the most significant, in terms of volume and value,” highlighted Strijers in a recent discourse. Drawing parallels with Bitcoin, it’s plausible that XRP might undergo amplified volatility as these options contracts approach their expiration, especially at quarter-end, depending on the volume of XRP options being traded. Conclusively, with Deribit’s unassailable stature in the options space and the inherent nature of options contracts, the induction of XRP options might very well become a pivotal point in XRP’s pricing journey. Traders, especially those engaged in XRP, will need to brace themselves for the nuanced challenges and opportunities this integration brings forth. At press time, XRP was trading at $0.4994 after briefly falling to $0.4880. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":554599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[67895,3680,4531,89598,13172,10972],"class_list":["post-554597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-deribit","tag-ripple","tag-xrp","tag-xrp-options","tag-xrp-price","tag-xrpusd"],"acf":[],"yoast_head":"\nXRP Options To Debut On Deribit: A Game-Changer For Price<\/title>\n<meta name=\"description\" content=\"Deribit, the world's leading crypto options exchange, prepares to launch options contracts for XRP. 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Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Options To Debut On Deribit: A Game-Changer For Price","url":"http:\/\/wncen.com\/news\/ripple\/xrp-options-debut-deribit-game-changer-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-options-debut-deribit-game-changer-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1185176242-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1185176242-1.jpg?fit=5184%2C3456"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["deribit","ripple","xrp","xrp options","xrp price","xrpusd"],"dateCreated":"2023-10-09T12:00:54Z","datePublished":"2023-10-09T12:00:54Z","dateModified":"2024-06-11T08:00:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Options To Debut On Deribit: A Game-Changer For Price\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-options-debut-deribit-game-changer-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-options-debut-deribit-game-changer-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_1185176242-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_1185176242-1.jpg?fit=5184%2C3456\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"deribit\",\"ripple\",\"xrp\",\"xrp options\",\"xrp price\",\"xrpusd\"],\"dateCreated\":\"2023-10-09T12:00:54Z\",\"datePublished\":\"2023-10-09T12:00:54Z\",\"dateModified\":\"2024-06-11T08:00:04Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1185176242-1.jpg?fit=5184%2C3456","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/554597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=554597"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/554597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/554599"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=554597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=554597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=554597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}