Deribit Unveils USDC Options for AVAX and TRX, Boosting Altcoin Trading

Deribit launches USDC-settled options for AVAX and TRX, offering new hedging and yield tools for institutional investors and expanding advanced derivatives access beyond Bitcoin and Ethereum.

Deribit has expanded its derivatives offerings by launching USDC-settled options contracts for Avalanche (AVAX) and Tron (TRX), providing new risk management and yield generation tools for institutional investors. The TRX options, welcomed by the TRON community, are available with multiple expiry structures—daily, weekly, monthly, and quarterly—offering flexibility for traders. Each AVAX contract represents 100 AVAX, and each TRX contract represents 10,000 TRX, with all settlements in USDC to ensure predictable cash flows and avoid physical delivery. These options allow for strategies such as hedging and covered calls, supporting efficient capital management and aligning with Deribit's existing perpetual markets. The move is seen as a significant step in the maturation of the crypto derivatives market, broadening access to advanced trading instruments for altcoins beyond Bitcoin and Ethereum, and reinforcing Deribit's position as a leading platform for institutional crypto derivatives trading.