The cryptocurrency futures and options exchange Deribit announces support for Solana trading to fulfill the increased demand for Solana by companies.
Deribit has enabled Solana deposit address creation and deposit function in preparation for the debut of Solana derivatives trading. Users are required to only use the Solana network while depositing.
Deribit launched the Solana futures expiries on April 29th, 1 PM UTC. It included daily, weekly, and monthly futures.
On May 4th at 1pm UTC, the first options with SOL will be available on the exchange. Daily, weekly, quarterly, and monthly options will be available on the platform.
Deribit will launch the Solana daily options expiries on May 9th at 1 PM UTC. Following that, all new expiries will be added in accordance with Deribit’s regular introduction policy.
The trading fee promotion began on April 29 and will run until June 30. The fees will be coordinated with regular BTC and ETH trading fees on July 1st. Before Solana, Deribit only provided options in Bitcoin and Ethereum.
The options will have zero maker fee or regular taker fee, the same as other products. And the futures on the other hand will have a -2 maker rebate fee.
Before the Solana trading begins all customers will receive 1 SOL. That one free SOL will be used to reduce trading fees, and it will appear in the user fee balance and transaction report.
Lately, Solana is actually getting the hype at all sides of the industry with various platforms adding support for it. Last month OpenSea added support for NFTs minted on the Solana and within weeks Solana’s Okay Bears NFT collection surpassed Ethereum NFTs in just one day after launch.
