Deribit, the largest options exchange, announced that it will stop offering Solana INVERSE products. After the upcoming 30 December 2022 expiry, Deribit will not list new Solana inverse options or futures. Deribit launched Solana futures and options in the Q2 of this year.
#Deribit will cease offering Solana INVERSE products 🧵
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👉 After the upcoming 30 December 2022 expiry, Deribit will not list new Solana inverse options or futures.#Solana #OptionsTrading pic.twitter.com/OLfp3Ikrmp— Deribit (@DeribitExchange) December 25, 2022
Deribit will not list new Solana inverse options or futures
The cryptocurrency derivatives exchange Deribit announced that it would stop providing Solana coin-based investment products. Deribit will stop listing new SOL currency-margined options or futures products after the expiration on December 30 and stop trading SOL currency-margined perpetual contracts at 16:00 on the same day.
The residual open positions will be closed at the SOL expiration price for that day, as published here , which uses the average of the Index snapshots taken between 7:30 and 8:00 UTC. Â In addition, the USDC standard contract will not be affected.
Deribit will not charge settlement fees for the perpetual final settlement. The above will not impact the Solana/ USDC LINEAR perpetual trading.
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