Deribit, a leading crypto derivatives exchange, revised its fee structure and launched XRP and Solana options, effective November 1, 2025, responding to increased institutional demand.
This change significantly impacts trading costs and strategy flexibility for users, as it aligns with market trends and supports dynamic institutional participation.
Deribit, the largest crypto derivatives exchange by open interest, has revised its fee structure while introducing new linear options for XRP and Solana. The changes coincide with increased institutional demand and the listing of similar products on CME. Deribit has rolled out an automated tiered fee discount system effective November 1, 2025. This system allocates daily fees based on user trading volumes, focusing on futures and options markets to enhance transparency and competitiveness.
Deribit is introducing an automated system for applying fee discounts. This is a tiered system of progressively lower fees that is open to all traders on Deribit. When the requirements for the next fee level are met, the next day the new discount will automatically be applied to the account.” — Deribit Insights Blog
XRP and SOL options now count towards fee tier qualification, but they are excluded from BTC/ETH discounts. This emphasis on volume is part of Deribit's strategy to attract institutional traders, catering to evolving market demands. The introduction of these linear altcoin options reflects a strategic response to the rising popularity of Solana and XRP. It aims to cement Deribit's position as a leader in crypto derivatives, particularly in altcoin markets.
Historically, Deribit has capitalized on transparency and institutional focus. The new structure is expected to boost activity among high-volume traders, potentially impacting price dynamics for XRP and SOL in the derivatives space. Future implications may involve increased market liquidity and potential regulatory scrutiny. As stated by Deribit, the goal remains to provide cost-efficient trading avenues, ultimately benefiting volume-based institutional participants in the long run.