#deribit
deribit
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Coinbaseâs official blog: The Deribit integration is complete, and itâs called Coinbase Global Exchange.
According to Coinbase, Coinbase Financial Markets will soon bring U.S. and global crypto derivatives together in a single regulated liquidity pool. U.S. institutional clients will be able to trade Deribit options and perpetuals through Prime. Coinbase Pro is also set to relaunch by year-end, bringing spot, futures, perpetuals, options, and stocks onto one platform. Spot margin trading is on the way too, with up to around 10x leverage on major coins and around 5x on other supported coinsâleverage carries significant risk, so read the rules carefully before trading.
$COIN #Coinbase #Deribit
Coinbaseâs official blog: The Deribit integration is complete, and itâs called Coinbase Global Exchange.
According to Coinbase, Coinbase Financial Markets will soon bring U.S. and global crypto derivatives together in a single regulated liquidity pool. U.S. institutional clients will be able to trade Deribit options and perpetuals through Prime. Coinbase Pro is also set to relaunch by year-end, bringing spot, futures, perpetuals, options, and stocks onto one platform. Spot margin trading is on the way too, with up to around 10x leverage on major coins and around 5x on other supported coinsâleverage carries significant risk, so read the rules carefully before trading.
$COIN #Coinbase #Deribit
According to Coinbase, Coinbase Financial Markets will soon bring U.S. and global crypto derivatives together in a single regulated liquidity pool. U.S. institutional clients will be able to trade Deribit options and perpetuals through Prime. Coinbase Pro is also set to relaunch by year-end, bringing spot, futures, perpetuals, options, and stocks onto one platform. Spot margin trading is on the way too, with up to around 10x leverage on major coins and around 5x on other supported coinsâleverage carries significant risk, so read the rules carefully before trading.
$COIN #Coinbase #Deribit
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The roll $ETH on Deribit does not look like the $BTC roll. After the 27SEP pin, the residual and the weekly point in opposite directions.
FACTS (Deribit get_book_summary_by_currency, ETH options, read 27/09 UTC):
âą 27SEP26: expired / delivered â 2,712 (more in the active book)
âą Residual 28SEP26: puts â 20,856 / calls â 9,927, put/call â 2.10, OI â 30.8k, max pain â 2,680. Clearly put-heavy in the book vs spot (~2,714 Kraken)
âą Weekly 2OCT26: calls â 33,856 / puts â 27,250, put/call â 0.80, OI â 61.1k, max pain â 2,600. Visible call wall at 3,000 (â 10.0k OI)
BTC MIRROR (same window, previous post):
âą BTC 28SEP put/call â 0.64 (call-leaning) · BTC 2OCT put/call â 1.23 (put-heavy)
âą On ETH, itâs the opposite: residual puts, then the weekly flips back to calls
INTERPRETATION:
The ETH options market keeps short-dated coverage (28SEP) while rolling gamma/calls toward 2OCT. This is not a single directional signal. Itâs a positioning structure: near-term hedge, upside further out, with weekly max pain still below spot.
SCENARIOS:
âą Holding above ~2,680â2,700: the residual put loses value, focus shifts to the 2OCT 3k wall
âą Rejection below ~2,680: the 28SEP put book becomes the short-term magnet again
âą âMirrorâ reading invalidation: if the 2OCT put/call ratio rises clearly above 1.0 before the weekly
$ETH $BTC
Does the ETH structure look more like a defensive hedge to you, or like a roll already toward the 3k upside?
#Ethereum #Options #Deribit
The roll $ETH on Deribit does not look like the $BTC roll. After the 27SEP pin, the residual and the weekly point in opposite directions.
FACTS (Deribit get_book_summary_by_currency, ETH options, read 27/09 UTC):
âą 27SEP26: expired / delivered â 2,712 (more in the active book)
âą Residual 28SEP26: puts â 20,856 / calls â 9,927, put/call â 2.10, OI â 30.8k, max pain â 2,680. Clearly put-heavy in the book vs spot (~2,714 Kraken)
âą Weekly 2OCT26: calls â 33,856 / puts â 27,250, put/call â 0.80, OI â 61.1k, max pain â 2,600. Visible call wall at 3,000 (â 10.0k OI)
BTC MIRROR (same window, previous post):
âą BTC 28SEP put/call â 0.64 (call-leaning) · BTC 2OCT put/call â 1.23 (put-heavy)
âą On ETH, itâs the opposite: residual puts, then the weekly flips back to calls
INTERPRETATION:
The ETH options market keeps short-dated coverage (28SEP) while rolling gamma/calls toward 2OCT. This is not a single directional signal. Itâs a positioning structure: near-term hedge, upside further out, with weekly max pain still below spot.
SCENARIOS:
âą Holding above ~2,680â2,700: the residual put loses value, focus shifts to the 2OCT 3k wall
âą Rejection below ~2,680: the 28SEP put book becomes the short-term magnet again
âą âMirrorâ reading invalidation: if the 2OCT put/call ratio rises clearly above 1.0 before the weekly
$ETH $BTC
Does the ETH structure look more like a defensive hedge to you, or like a roll already toward the 3k upside?
#Ethereum #Options #Deribit
FACTS (Deribit get_book_summary_by_currency, ETH options, read 27/09 UTC):
âą 27SEP26: expired / delivered â 2,712 (more in the active book)
âą Residual 28SEP26: puts â 20,856 / calls â 9,927, put/call â 2.10, OI â 30.8k, max pain â 2,680. Clearly put-heavy in the book vs spot (~2,714 Kraken)
âą Weekly 2OCT26: calls â 33,856 / puts â 27,250, put/call â 0.80, OI â 61.1k, max pain â 2,600. Visible call wall at 3,000 (â 10.0k OI)
BTC MIRROR (same window, previous post):
âą BTC 28SEP put/call â 0.64 (call-leaning) · BTC 2OCT put/call â 1.23 (put-heavy)
âą On ETH, itâs the opposite: residual puts, then the weekly flips back to calls
INTERPRETATION:
The ETH options market keeps short-dated coverage (28SEP) while rolling gamma/calls toward 2OCT. This is not a single directional signal. Itâs a positioning structure: near-term hedge, upside further out, with weekly max pain still below spot.
SCENARIOS:
âą Holding above ~2,680â2,700: the residual put loses value, focus shifts to the 2OCT 3k wall
âą Rejection below ~2,680: the 28SEP put book becomes the short-term magnet again
âą âMirrorâ reading invalidation: if the 2OCT put/call ratio rises clearly above 1.0 before the weekly
$ETH $BTC
Does the ETH structure look more like a defensive hedge to you, or like a roll already toward the 3k upside?
#Ethereum #Options #Deribit
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Tomorrow Friday at 8:00 AM (UTC time) a mountain of Bitcoin options expires.
About $15.6 billion in Bitcoin options are set to liquidate on Deribit, the largest expiry of all of 2026, equivalent to 182,000 BTC in contracts (106,200 calls and 75,900 puts).
The key takeaway is that positioning is clearly skewed to the upside (more bullish bets than bearish ones), and the "max pain" priceâthe level where more contracts expire worthlessâis at $76,000, almost $9,000 below where Bitcoin is trading right now.
Why should you care? Because when so many contracts expire at once, the hedges that market makers had been putting in place (buying or selling real BTC to protect themselves) disappear overnight. That can trigger sharper-than-usual moves right after the expiration.
Add to that the fact that on the same day, U.S. durable goods and consumer confidence data will also be releasedâmultiple catalysts within just a few hours.
Are you preparing for more volatility tomorrow or not paying much attention to it? đ
#Bitcoin #Opciones #Deribit #CreatorPad
Tomorrow Friday at 8:00 AM (UTC time) a mountain of Bitcoin options expires.
About $15.6 billion in Bitcoin options are set to liquidate on Deribit, the largest expiry of all of 2026, equivalent to 182,000 BTC in contracts (106,200 calls and 75,900 puts).
The key takeaway is that positioning is clearly skewed to the upside (more bullish bets than bearish ones), and the "max pain" priceâthe level where more contracts expire worthlessâis at $76,000, almost $9,000 below where Bitcoin is trading right now.
Why should you care? Because when so many contracts expire at once, the hedges that market makers had been putting in place (buying or selling real BTC to protect themselves) disappear overnight. That can trigger sharper-than-usual moves right after the expiration.
Add to that the fact that on the same day, U.S. durable goods and consumer confidence data will also be releasedâmultiple catalysts within just a few hours.
Are you preparing for more volatility tomorrow or not paying much attention to it? đ
#Bitcoin #Opciones #Deribit #CreatorPad
About $15.6 billion in Bitcoin options are set to liquidate on Deribit, the largest expiry of all of 2026, equivalent to 182,000 BTC in contracts (106,200 calls and 75,900 puts).
The key takeaway is that positioning is clearly skewed to the upside (more bullish bets than bearish ones), and the "max pain" priceâthe level where more contracts expire worthlessâis at $76,000, almost $9,000 below where Bitcoin is trading right now.
Why should you care? Because when so many contracts expire at once, the hedges that market makers had been putting in place (buying or selling real BTC to protect themselves) disappear overnight. That can trigger sharper-than-usual moves right after the expiration.
Add to that the fact that on the same day, U.S. durable goods and consumer confidence data will also be releasedâmultiple catalysts within just a few hours.
Are you preparing for more volatility tomorrow or not paying much attention to it? đ
#Bitcoin #Opciones #Deribit #CreatorPad
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Bullish
#$14BBitcoinOptionsExpireFriday
â ïž Urgent Alert: $14 billion in Bitcoin options expire Friday! #$14BBitcoinOptionsExpireFriday
What happens? đ€Ż
On Friday at 08:00 UTC, $14.16 billion worth of Bitcoin options contracts will expire on the Deribit exchange â thatâs 40% of all open contracts! đ±
đ Key details:
âą 81,994 CALL buy contracts ($7.8B)
âą 59,000 PUT sell contracts ($6.2B)
âą MAX PAIN level = $75,000 đŻ (the price where the greatest number of people lose)
Why has the market been like this lately?
Because market makers push the price toward $75K so the largest number of contracts expire worthless! Thatâs why Bitcoin has been stuck between $68K and $75K despite Middle East news!ă6784069795151408473â L11-L15ă
What happens after expiration?
After the contracts expire on Friday, the âprotectionâ that has been stabilizing the market disappears â so expect a major volatility explosion! đđ
đĄ What should you do?
- Donât enter high-leverage futures before Friday
- Watch the $75K level â itâs the magnet
- After expiration, the market will move strongly with geopolitical news
Do you expect Bitcoin to go to $75K before Friday, or crash to $66K? đ
#14BBitcoinOptionsExpireFriday #bitcoin #BTC #Crypto #Deribit #MaxPain #CryptoMarketCapReclaims$3Trillion
{future}(BTCUSDT)
#$14BBitcoinOptionsExpireFriday
â ïž Urgent Alert: $14 billion in Bitcoin options expire Friday! #$14BBitcoinOptionsExpireFriday
What happens? đ€Ż
On Friday at 08:00 UTC, $14.16 billion worth of Bitcoin options contracts will expire on the Deribit exchange â thatâs 40% of all open contracts! đ±
đ Key details:
âą 81,994 CALL buy contracts ($7.8B)
âą 59,000 PUT sell contracts ($6.2B)
âą MAX PAIN level = $75,000 đŻ (the price where the greatest number of people lose)
Why has the market been like this lately?
Because market makers push the price toward $75K so the largest number of contracts expire worthless! Thatâs why Bitcoin has been stuck between $68K and $75K despite Middle East news!ă6784069795151408473â L11-L15ă
What happens after expiration?
After the contracts expire on Friday, the âprotectionâ that has been stabilizing the market disappears â so expect a major volatility explosion! đđ
đĄ What should you do?
- Donât enter high-leverage futures before Friday
- Watch the $75K level â itâs the magnet
- After expiration, the market will move strongly with geopolitical news
Do you expect Bitcoin to go to $75K before Friday, or crash to $66K? đ
#14BBitcoinOptionsExpireFriday #bitcoin #BTC #Crypto #Deribit #MaxPain #CryptoMarketCapReclaims$3Trillion
â ïž Urgent Alert: $14 billion in Bitcoin options expire Friday! #$14BBitcoinOptionsExpireFriday
What happens? đ€Ż
On Friday at 08:00 UTC, $14.16 billion worth of Bitcoin options contracts will expire on the Deribit exchange â thatâs 40% of all open contracts! đ±
đ Key details:
âą 81,994 CALL buy contracts ($7.8B)
âą 59,000 PUT sell contracts ($6.2B)
âą MAX PAIN level = $75,000 đŻ (the price where the greatest number of people lose)
Why has the market been like this lately?
Because market makers push the price toward $75K so the largest number of contracts expire worthless! Thatâs why Bitcoin has been stuck between $68K and $75K despite Middle East news!ă6784069795151408473â L11-L15ă
What happens after expiration?
After the contracts expire on Friday, the âprotectionâ that has been stabilizing the market disappears â so expect a major volatility explosion! đđ
đĄ What should you do?
- Donât enter high-leverage futures before Friday
- Watch the $75K level â itâs the magnet
- After expiration, the market will move strongly with geopolitical news
Do you expect Bitcoin to go to $75K before Friday, or crash to $66K? đ
#14BBitcoinOptionsExpireFriday #bitcoin #BTC #Crypto #Deribit #MaxPain #CryptoMarketCapReclaims$3Trillion
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Just refreshed: Deribit officially announced the largest product expansion in historyâadding 90+ USDC-settled perpetual contracts at once, covering crypto, US stocks/ETFs, commodities, the COIN50 index, and even private placements/Pre-IPO valuation-type contracts.
Along with the matching engine upgrade, the official statement says the goal is deeper liquidity, faster execution, and tighter spreads; the perpetuals for stocks/ETFs/commodities/Pre-IPO are launched under Dubaiâs VARA limited license.#Deribit #Perpetual
Just refreshed: Deribit officially announced the largest product expansion in historyâadding 90+ USDC-settled perpetual contracts at once, covering crypto, US stocks/ETFs, commodities, the COIN50 index, and even private placements/Pre-IPO valuation-type contracts.
Along with the matching engine upgrade, the official statement says the goal is deeper liquidity, faster execution, and tighter spreads; the perpetuals for stocks/ETFs/commodities/Pre-IPO are launched under Dubaiâs VARA limited license.#Deribit #Perpetual
Along with the matching engine upgrade, the official statement says the goal is deeper liquidity, faster execution, and tighter spreads; the perpetuals for stocks/ETFs/commodities/Pre-IPO are launched under Dubaiâs VARA limited license.#Deribit #Perpetual
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$10.5 billion in options expiration is looming, yet Bitcoin's volatility is as quiet as a mouse.
On June 26, Deribitâs quarterly options are expiring, involving over $10 billion in open contracts. But the implied volatility is only 42%. Deribitâs CCO mentioned that while this is historically low, itâs not exactly a fire sale.
To make matters worse, 78% of the call options are out of the money, and BTC has already dropped 12% this month, now stuck between $60,700 and $65,000. Polymarket has pegged the probability of being below $56K at 99.75%⊠itâs clear how bearish the market is.
However, low implied volatility doesnât necessarily mean actual volatility is low. The dealer hedging on expiration dates tends to amplify price swings in the short term. Instead of guessing the direction, itâs smarter to keep an eye on liquidity changes near key strike prices. #BTC #Bitcoin
#BTC #Bitcoin #Deribit
$10.5 billion in options expiration is looming, yet Bitcoin's volatility is as quiet as a mouse.
On June 26, Deribitâs quarterly options are expiring, involving over $10 billion in open contracts. But the implied volatility is only 42%. Deribitâs CCO mentioned that while this is historically low, itâs not exactly a fire sale.
To make matters worse, 78% of the call options are out of the money, and BTC has already dropped 12% this month, now stuck between $60,700 and $65,000. Polymarket has pegged the probability of being below $56K at 99.75%⊠itâs clear how bearish the market is.
However, low implied volatility doesnât necessarily mean actual volatility is low. The dealer hedging on expiration dates tends to amplify price swings in the short term. Instead of guessing the direction, itâs smarter to keep an eye on liquidity changes near key strike prices. #BTC #Bitcoin
#BTC #Bitcoin #Deribit
On June 26, Deribitâs quarterly options are expiring, involving over $10 billion in open contracts. But the implied volatility is only 42%. Deribitâs CCO mentioned that while this is historically low, itâs not exactly a fire sale.
To make matters worse, 78% of the call options are out of the money, and BTC has already dropped 12% this month, now stuck between $60,700 and $65,000. Polymarket has pegged the probability of being below $56K at 99.75%⊠itâs clear how bearish the market is.
However, low implied volatility doesnât necessarily mean actual volatility is low. The dealer hedging on expiration dates tends to amplify price swings in the short term. Instead of guessing the direction, itâs smarter to keep an eye on liquidity changes near key strike prices. #BTC #Bitcoin
#BTC #Bitcoin #Deribit
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Deribit Secures a Dubai VARA Brokerage Trading LicenseâA Step Worth Watching.
As Coinbaseâs crypto options platform, Deribitâs most direct change after obtaining this license is that spot orders will be routed to the Coinbase exchange. The logic is straightforward: by leveraging Coinbaseâs deep liquidity, Deribit customers can access better execution prices and a wider range of assets.
From a regulatory perspective, Dubaiâs VARA has been actively building a compliance framework for virtual assets in recent years. Earning a brokerage trading license further strengthens Deribitâs compliant standing in the Middle East. For institutional clients, operating under a license is often more appealing than running âbareâ (unregulated/without proper authorization), especially as concerns around capital safety and compliance reviews become increasingly stringent.
For traders, the most tangible upside is liquidity. With an options platform combined with spot routing, it can theoretically reduce the cost of cross-platform arbitrage and improve the overall trading experience.
#Deribit #Coinbase #DubaiVARA
Deribit Secures a Dubai VARA Brokerage Trading LicenseâA Step Worth Watching.
As Coinbaseâs crypto options platform, Deribitâs most direct change after obtaining this license is that spot orders will be routed to the Coinbase exchange. The logic is straightforward: by leveraging Coinbaseâs deep liquidity, Deribit customers can access better execution prices and a wider range of assets.
From a regulatory perspective, Dubaiâs VARA has been actively building a compliance framework for virtual assets in recent years. Earning a brokerage trading license further strengthens Deribitâs compliant standing in the Middle East. For institutional clients, operating under a license is often more appealing than running âbareâ (unregulated/without proper authorization), especially as concerns around capital safety and compliance reviews become increasingly stringent.
For traders, the most tangible upside is liquidity. With an options platform combined with spot routing, it can theoretically reduce the cost of cross-platform arbitrage and improve the overall trading experience.
#Deribit #Coinbase #DubaiVARA
As Coinbaseâs crypto options platform, Deribitâs most direct change after obtaining this license is that spot orders will be routed to the Coinbase exchange. The logic is straightforward: by leveraging Coinbaseâs deep liquidity, Deribit customers can access better execution prices and a wider range of assets.
From a regulatory perspective, Dubaiâs VARA has been actively building a compliance framework for virtual assets in recent years. Earning a brokerage trading license further strengthens Deribitâs compliant standing in the Middle East. For institutional clients, operating under a license is often more appealing than running âbareâ (unregulated/without proper authorization), especially as concerns around capital safety and compliance reviews become increasingly stringent.
For traders, the most tangible upside is liquidity. With an options platform combined with spot routing, it can theoretically reduce the cost of cross-platform arbitrage and improve the overall trading experience.
#Deribit #Coinbase #DubaiVARA
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Deribit Secures VARA Brokerage Trading License in Dubai; Spot Orders Routed to Coinbase Crypto Options Platform Deribit has announced that it has been granted a brokerage trading license by the Dubai Virtual Assets Regulatory Authority (VARA), marking another important milestone in its global compliance roadmap. With this license, Deribit can officially enhance its spot trading services and route order flow to the Coinbase exchange. This means Deribitâs customers will directly benefit from Coinbaseâs deep liquidity pools, gaining access to more trading pairs and hundreds of new assets. Notably, this is a landmark step toward the operational integration of the two businesses following Coinbaseâs acquisition of Deribit. Deribit focuses on the options and derivatives segment, while Coinbase has strong spot liquidity and a global user base; the synergy between the two is now accelerating. For the industry, the release of the Dubai VARA license sends a clear signal: the Middle East is becoming a hotspot where both traditional and crypto financial institutions are racing to expand, and the compliance process continues to deepen. It remains to be seen whether Deribit can attract more institutional clients with its new license, and whether Coinbase can further increase its share in the derivatives marketâboth are worth ongoing monitoring.#Deribit #Coinbase #VARA
Deribit Secures VARA Brokerage Trading License in Dubai; Spot Orders Routed to Coinbase Crypto Options Platform Deribit has announced that it has been granted a brokerage trading license by the Dubai Virtual Assets Regulatory Authority (VARA), marking another important milestone in its global compliance roadmap. With this license, Deribit can officially enhance its spot trading services and route order flow to the Coinbase exchange. This means Deribitâs customers will directly benefit from Coinbaseâs deep liquidity pools, gaining access to more trading pairs and hundreds of new assets. Notably, this is a landmark step toward the operational integration of the two businesses following Coinbaseâs acquisition of Deribit. Deribit focuses on the options and derivatives segment, while Coinbase has strong spot liquidity and a global user base; the synergy between the two is now accelerating. For the industry, the release of the Dubai VARA license sends a clear signal: the Middle East is becoming a hotspot where both traditional and crypto financial institutions are racing to expand, and the compliance process continues to deepen. It remains to be seen whether Deribit can attract more institutional clients with its new license, and whether Coinbase can further increase its share in the derivatives marketâboth are worth ongoing monitoring.#Deribit #Coinbase #VARA
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Deribit (#Deribit ): On June 26th, the expiry (#expiration ) of options contracts (#options ) on Bitcoin$BTC and Ethereum$ETH will hit a total value of $11.2 billion.
This event usually amps up market volatility before and after the expiry, as big traders and market makers adjust their positions and hedge against risks.
Deribit (#Deribit ): On June 26th, the expiry (#expiration ) of options contracts (#options ) on Bitcoin$BTC and Ethereum$ETH will hit a total value of $11.2 billion.
This event usually amps up market volatility before and after the expiry, as big traders and market makers adjust their positions and hedge against risks.
This event usually amps up market volatility before and after the expiry, as big traders and market makers adjust their positions and hedge against risks.
135
Deribit, a cryptocurrency derivatives exchange, announced plans to stop publishing public daily Proof of Reserves on September 1, 2026, and to take down its public Proof of Reserves page.
According to official disclosures, approximately 90% of clientsâ assets have already been migrated to Coinbase for custody. This move means Deribit will no longer publicly disclose its reserve proof data, and discussions in the market about exchange transparency may heat up again.
As an important tool for strengthening user trust after black swan events, reserves proof suddenly stopping its public release is bound to draw attention from the community. For users, transferring asset custody rights to major compliant institutions may, on the one hand, improve asset security, but on the other hand, it also means the exchangeâs own transparency declines to some extent.
$BTC $ETH $SOL
#Deribit #ćšć€èŻæ #Crypto exchange
Deribit, a cryptocurrency derivatives exchange, announced plans to stop publishing public daily Proof of Reserves on September 1, 2026, and to take down its public Proof of Reserves page.
According to official disclosures, approximately 90% of clientsâ assets have already been migrated to Coinbase for custody. This move means Deribit will no longer publicly disclose its reserve proof data, and discussions in the market about exchange transparency may heat up again.
As an important tool for strengthening user trust after black swan events, reserves proof suddenly stopping its public release is bound to draw attention from the community. For users, transferring asset custody rights to major compliant institutions may, on the one hand, improve asset security, but on the other hand, it also means the exchangeâs own transparency declines to some extent.
$BTC $ETH $SOL
#Deribit #ćšć€èŻæ #Crypto exchange
According to official disclosures, approximately 90% of clientsâ assets have already been migrated to Coinbase for custody. This move means Deribit will no longer publicly disclose its reserve proof data, and discussions in the market about exchange transparency may heat up again.
As an important tool for strengthening user trust after black swan events, reserves proof suddenly stopping its public release is bound to draw attention from the community. For users, transferring asset custody rights to major compliant institutions may, on the one hand, improve asset security, but on the other hand, it also means the exchangeâs own transparency declines to some extent.
$BTC $ETH $SOL
#Deribit #ćšć€èŻæ #Crypto exchange
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Article
Bitcoin Faces $6.4B Options Expiry as $80K Emerges as Key BattlegroundBitcoin is bracing for a significant derivatives event this Friday, with approximately 81,700 $BTC options contractsâworth around $6.44 billion in notional valueâset to expire on Deribit at 08:00 UTC. The expiry follows Bitcoinâs sharp rally from roughly $62,000 to near $80,000 in the past week. Calls dominate the open interest with 44,639 contracts versus 37,061 puts, producing a put-to-call ratio of 0.83 that reflects relatively bullish positioning. The largest concentrations of call open interest sit at the $75,000 strike (about $236 million notional) and the $80,000 strike ($157 million). More than $500 million in notional value lies within 5% of the current spot price, raising the likelihood of heightened dealer hedging activity around these levels. Max pain is estimated near $68,000, though this metric is not a reliable predictor of the settlement price. Market makers managing gamma exposure around these key strikes could either help pin price action near major levels or amplify moves if Bitcoin breaks decisively higher or lower. Deribit risk officers have described the setup as particularly interesting given the recent volatility regime shift, rising DVOL, and changes in skew. Traders should watch for potential short-term volatility spikes as the contracts settle.
While large expiries do not dictate long-term direction, the combination of elevated open interest near current prices and the recent rapid advance makes Fridayâs event a notable catalyst for the crypto market. Stay informed and manage risk accordingly. #BitcoinFaces$6.4BOptionsExpiry #BTC #OptionsExpiry #Deribit $BTC
{spot}(BTCUSDT)
Bitcoin Faces $6.4B Options Expiry as $80K Emerges as Key Battleground
Bitcoin is bracing for a significant derivatives event this Friday, with approximately 81,700 $BTC options contractsâworth around $6.44 billion in notional valueâset to expire on Deribit at 08:00 UTC. The expiry follows Bitcoinâs sharp rally from roughly $62,000 to near $80,000 in the past week. Calls dominate the open interest with 44,639 contracts versus 37,061 puts, producing a put-to-call ratio of 0.83 that reflects relatively bullish positioning. The largest concentrations of call open interest sit at the $75,000 strike (about $236 million notional) and the $80,000 strike ($157 million). More than $500 million in notional value lies within 5% of the current spot price, raising the likelihood of heightened dealer hedging activity around these levels. Max pain is estimated near $68,000, though this metric is not a reliable predictor of the settlement price. Market makers managing gamma exposure around these key strikes could either help pin price action near major levels or amplify moves if Bitcoin breaks decisively higher or lower. Deribit risk officers have described the setup as particularly interesting given the recent volatility regime shift, rising DVOL, and changes in skew. Traders should watch for potential short-term volatility spikes as the contracts settle.
While large expiries do not dictate long-term direction, the combination of elevated open interest near current prices and the recent rapid advance makes Fridayâs event a notable catalyst for the crypto market. Stay informed and manage risk accordingly. #BitcoinFaces$6.4BOptionsExpiry #BTC #OptionsExpiry #Deribit $BTC
While large expiries do not dictate long-term direction, the combination of elevated open interest near current prices and the recent rapid advance makes Fridayâs event a notable catalyst for the crypto market. Stay informed and manage risk accordingly. #BitcoinFaces$6.4BOptionsExpiry #BTC #OptionsExpiry #Deribit $BTC
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Bearish
$BTC Bitcoin Options Expiry Sparks $75K Price Risk Ahead of May 29 Settlement
{spot}(BTCUSDT)
A massive wave of Bitcoin options is set to expire on Deribit on May 29, with nearly 80,535 contracts worth around $6.25 billion heading toward settlement. Traders are closely watching the market as key strike prices reveal growing tension between bullish momentum and downside risk.
Data shows the largest concentration of put options sits at the $75,000 strike, carrying a notional value of approximately $394 million. On the bullish side, the $80,000 call strike dominates with nearly $532 million in open interest, signaling that many traders still expect Bitcoin to push higher.
The current put/call ratio stands at 0.86, reflecting a slightly bullish market sentiment overall. However, analysts warn that the âmax painâ level â the price point where the largest number of options expire worthless â is currently around $75,000, roughly $2,000 below Bitcoinâs current trading price.
This setup increases the possibility of price pressure pulling Bitcoin toward the $75K zone as expiry approaches. With billions of dollars on the line, volatility could rise sharply in the coming days as traders reposition ahead of settlement.
#Bitcoinâ #CryptoMarkets #BTCOptions #Deribit #BitcoinTrading
$BTC Bitcoin Options Expiry Sparks $75K Price Risk Ahead of May 29 Settlement
A massive wave of Bitcoin options is set to expire on Deribit on May 29, with nearly 80,535 contracts worth around $6.25 billion heading toward settlement. Traders are closely watching the market as key strike prices reveal growing tension between bullish momentum and downside risk.
Data shows the largest concentration of put options sits at the $75,000 strike, carrying a notional value of approximately $394 million. On the bullish side, the $80,000 call strike dominates with nearly $532 million in open interest, signaling that many traders still expect Bitcoin to push higher.
The current put/call ratio stands at 0.86, reflecting a slightly bullish market sentiment overall. However, analysts warn that the âmax painâ level â the price point where the largest number of options expire worthless â is currently around $75,000, roughly $2,000 below Bitcoinâs current trading price.
This setup increases the possibility of price pressure pulling Bitcoin toward the $75K zone as expiry approaches. With billions of dollars on the line, volatility could rise sharply in the coming days as traders reposition ahead of settlement.
#Bitcoinâ #CryptoMarkets #BTCOptions #Deribit #BitcoinTrading
A massive wave of Bitcoin options is set to expire on Deribit on May 29, with nearly 80,535 contracts worth around $6.25 billion heading toward settlement. Traders are closely watching the market as key strike prices reveal growing tension between bullish momentum and downside risk.
Data shows the largest concentration of put options sits at the $75,000 strike, carrying a notional value of approximately $394 million. On the bullish side, the $80,000 call strike dominates with nearly $532 million in open interest, signaling that many traders still expect Bitcoin to push higher.
The current put/call ratio stands at 0.86, reflecting a slightly bullish market sentiment overall. However, analysts warn that the âmax painâ level â the price point where the largest number of options expire worthless â is currently around $75,000, roughly $2,000 below Bitcoinâs current trading price.
This setup increases the possibility of price pressure pulling Bitcoin toward the $75K zone as expiry approaches. With billions of dollars on the line, volatility could rise sharply in the coming days as traders reposition ahead of settlement.
#Bitcoinâ #CryptoMarkets #BTCOptions #Deribit #BitcoinTrading
122
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Deribit secures a VARA broker-dealer license in Dubai, meaning the options platform now owned by Coinbase is expanding its footprint from derivatives into spot trading.
In short, three things:
1. License value: VARAâs Broker-Dealer Licence is a scarce resource in the Middle East. Licensed firms can directly match spot orders and provide custody-related servicesâgoing further than simply registering on VARA.
2. Business synergy: Deribitâs spot orders will be routed to the Coinbase exchange, where Coinbase provides liquidity. This means that in the future, Deribit users will be able to trade hundreds of spot assets listed on Coinbase directly within their options accounts, with cross-account settlement.
3. Strategic intent: The UAE is becoming a global hub for crypto compliance, with leading platforms flocking to obtain licenses. Deribitâs decision to stack spot trading on top of its options advantage is essentially leveraging a single license to tap into the Middle Eastâs full spectrum of institutional demand. For major assets such as $BTC, $ETH , and others, this is a long-term positive for derivatives depth.
The compliance narrative remains the core theme of this cycle. #Deribit #VARA #Coinbase
Deribit secures a VARA broker-dealer license in Dubai, meaning the options platform now owned by Coinbase is expanding its footprint from derivatives into spot trading.
In short, three things:
1. License value: VARAâs Broker-Dealer Licence is a scarce resource in the Middle East. Licensed firms can directly match spot orders and provide custody-related servicesâgoing further than simply registering on VARA.
2. Business synergy: Deribitâs spot orders will be routed to the Coinbase exchange, where Coinbase provides liquidity. This means that in the future, Deribit users will be able to trade hundreds of spot assets listed on Coinbase directly within their options accounts, with cross-account settlement.
3. Strategic intent: The UAE is becoming a global hub for crypto compliance, with leading platforms flocking to obtain licenses. Deribitâs decision to stack spot trading on top of its options advantage is essentially leveraging a single license to tap into the Middle Eastâs full spectrum of institutional demand. For major assets such as $BTC , $ETH , and others, this is a long-term positive for derivatives depth.
The compliance narrative remains the core theme of this cycle. #Deribit #VARA #Coinbase
In short, three things:
1. License value: VARAâs Broker-Dealer Licence is a scarce resource in the Middle East. Licensed firms can directly match spot orders and provide custody-related servicesâgoing further than simply registering on VARA.
2. Business synergy: Deribitâs spot orders will be routed to the Coinbase exchange, where Coinbase provides liquidity. This means that in the future, Deribit users will be able to trade hundreds of spot assets listed on Coinbase directly within their options accounts, with cross-account settlement.
3. Strategic intent: The UAE is becoming a global hub for crypto compliance, with leading platforms flocking to obtain licenses. Deribitâs decision to stack spot trading on top of its options advantage is essentially leveraging a single license to tap into the Middle Eastâs full spectrum of institutional demand. For major assets such as $BTC , $ETH , and others, this is a long-term positive for derivatives depth.
The compliance narrative remains the core theme of this cycle. #Deribit #VARA #Coinbase
82
Deribit has obtained the broker-trader license issued by Dubaiâs VARA, further expanding its spot trading footprint.
With this license, Deribit can provide a more complete range of spot services within a compliant regulatory framework. Coinbase, in turn, will act as a key liquidity provider, offering its customers deeper order books and more new asset choices.
From an industry perspective, there are several signals worth paying attention to:
1. Middle East crypto regulation is accelerating. Through a clearly defined licensing regime, Dubaiâs VARA is attracting major global trading platforms to set up operations. Regional compliance advantages are being converted into tangible liquidity.
2. Options platforms extending into spot. Deribit has long been known for options. With spot capabilities added, users can execute more strategies within a single account, significantly increasing its appeal to professional traders.
3. The amplified synergy between Coinbase and Deribit. As Deribitâs parent company, Coinbaseâs spot depth can provide an end-to-end experience for options platform users. Cross-product collaboration will be the key to the next phase of competition.
As regulatory frameworks become clearer, the moat of compliant, licensed exchanges will grow deeper. This is good news for long-term players, but it puts more pressure on smaller platforms that have been operating in gray areas.
Do you think the options leader will move into spot, or that the spot giant will move into options? Feel free to share your views.
#Deribit #Coinbase #Dubai VARA
Deribit has obtained the broker-trader license issued by Dubaiâs VARA, further expanding its spot trading footprint.
With this license, Deribit can provide a more complete range of spot services within a compliant regulatory framework. Coinbase, in turn, will act as a key liquidity provider, offering its customers deeper order books and more new asset choices.
From an industry perspective, there are several signals worth paying attention to:
1. Middle East crypto regulation is accelerating. Through a clearly defined licensing regime, Dubaiâs VARA is attracting major global trading platforms to set up operations. Regional compliance advantages are being converted into tangible liquidity.
2. Options platforms extending into spot. Deribit has long been known for options. With spot capabilities added, users can execute more strategies within a single account, significantly increasing its appeal to professional traders.
3. The amplified synergy between Coinbase and Deribit. As Deribitâs parent company, Coinbaseâs spot depth can provide an end-to-end experience for options platform users. Cross-product collaboration will be the key to the next phase of competition.
As regulatory frameworks become clearer, the moat of compliant, licensed exchanges will grow deeper. This is good news for long-term players, but it puts more pressure on smaller platforms that have been operating in gray areas.
Do you think the options leader will move into spot, or that the spot giant will move into options? Feel free to share your views.
#Deribit #Coinbase #Dubai VARA
With this license, Deribit can provide a more complete range of spot services within a compliant regulatory framework. Coinbase, in turn, will act as a key liquidity provider, offering its customers deeper order books and more new asset choices.
From an industry perspective, there are several signals worth paying attention to:
1. Middle East crypto regulation is accelerating. Through a clearly defined licensing regime, Dubaiâs VARA is attracting major global trading platforms to set up operations. Regional compliance advantages are being converted into tangible liquidity.
2. Options platforms extending into spot. Deribit has long been known for options. With spot capabilities added, users can execute more strategies within a single account, significantly increasing its appeal to professional traders.
3. The amplified synergy between Coinbase and Deribit. As Deribitâs parent company, Coinbaseâs spot depth can provide an end-to-end experience for options platform users. Cross-product collaboration will be the key to the next phase of competition.
As regulatory frameworks become clearer, the moat of compliant, licensed exchanges will grow deeper. This is good news for long-term players, but it puts more pressure on smaller platforms that have been operating in gray areas.
Do you think the options leader will move into spot, or that the spot giant will move into options? Feel free to share your views.
#Deribit #Coinbase #Dubai VARA
22
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Deribit, a crypto derivatives trading platform, has just announced plans to stop publishing daily public proof of reserves starting September 1, 2026.
According to the official announcement, around 90% of Deribitâs customersâ assets have already been migrated to Coinbase for custody. This means that going forward, users will no longer be able to check the platformâs reserves on a daily basis via the public page.
As one of the oldest derivatives exchanges in the crypto industry, Deribit has previously maintained daily updates of proof of reserves to demonstrate that the platformâs asset reserves are sufficient to meet usersâ withdrawal needsâan approach that became a standard move for many centralized exchanges after the collapse of FTX.
The sudden announcement to take down the public proof-of-reserves page is bound to spark community discussions about platform transparency. At a time when the industry remains especially sensitive to trust in centralized exchanges, it remains to be seen how such a change will affect the marketâs confidence in Deribit.
#ć ćŻäș€ææ #ćšć€èŻæ #Deribit
Deribit, a crypto derivatives trading platform, has just announced plans to stop publishing daily public proof of reserves starting September 1, 2026.
According to the official announcement, around 90% of Deribitâs customersâ assets have already been migrated to Coinbase for custody. This means that going forward, users will no longer be able to check the platformâs reserves on a daily basis via the public page.
As one of the oldest derivatives exchanges in the crypto industry, Deribit has previously maintained daily updates of proof of reserves to demonstrate that the platformâs asset reserves are sufficient to meet usersâ withdrawal needsâan approach that became a standard move for many centralized exchanges after the collapse of FTX.
The sudden announcement to take down the public proof-of-reserves page is bound to spark community discussions about platform transparency. At a time when the industry remains especially sensitive to trust in centralized exchanges, it remains to be seen how such a change will affect the marketâs confidence in Deribit.
#ć ćŻäș€ææ #ćšć€èŻæ #Deribit
According to the official announcement, around 90% of Deribitâs customersâ assets have already been migrated to Coinbase for custody. This means that going forward, users will no longer be able to check the platformâs reserves on a daily basis via the public page.
As one of the oldest derivatives exchanges in the crypto industry, Deribit has previously maintained daily updates of proof of reserves to demonstrate that the platformâs asset reserves are sufficient to meet usersâ withdrawal needsâan approach that became a standard move for many centralized exchanges after the collapse of FTX.
The sudden announcement to take down the public proof-of-reserves page is bound to spark community discussions about platform transparency. At a time when the industry remains especially sensitive to trust in centralized exchanges, it remains to be seen how such a change will affect the marketâs confidence in Deribit.
#ć ćŻäș€ææ #ćšć€èŻæ #Deribit
105
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đš MARKET ALERT: $10.6 BILLION IN BTC OPTIONS EXPIRE ON JUNE 26
And the "max pain" doesnât align with where the price is right now. đ
đ DERIBIT NUMBERS:
* Total expiration: $10.6B in $BTC options
* Only $2B of that total is currently "in the money" CoinDesk
* The rest â about $8.6B, or 80% â is out of the money and on track to expire worthless CoinDesk
đŻ Max pain is at $74,000đ BTC is currently trading near $65,000
A 14% gap between reality and where it "hurts the most" for options buyers. đ
đ WHAT DOES THIS MEAN?
The max pain theory suggests that as expiration approaches, the price tends to gravitate towards that level, as market makers adjust positions. CoinDesk
If the theory holds, Bitcoin could see a strong bounce towards $74,000 in the upcoming days đ CoinDesk
â ïž But be careful â the reliability of this effect in crypto is widely debated. CoinDesk
đĄ WHAT TO WATCH FOR:
â
Key support and resistance levels around the main strikes
â
Elevated volatility in the next 48-72 hours
â
Sharp moves from market makers adjusting their hedges
Do you think BTC will rise towards max pain, or will the real market dictate this time? đ
#bitcoin #BTC #Deribit #opciones
đš MARKET ALERT: $10.6 BILLION IN BTC OPTIONS EXPIRE ON JUNE 26
And the "max pain" doesnât align with where the price is right now. đ
đ DERIBIT NUMBERS:
* Total expiration: $10.6B in $BTC options
* Only $2B of that total is currently "in the money" CoinDesk
* The rest â about $8.6B, or 80% â is out of the money and on track to expire worthless CoinDesk
đŻ Max pain is at $74,000đ BTC is currently trading near $65,000
A 14% gap between reality and where it "hurts the most" for options buyers. đ
đ WHAT DOES THIS MEAN?
The max pain theory suggests that as expiration approaches, the price tends to gravitate towards that level, as market makers adjust positions. CoinDesk
If the theory holds, Bitcoin could see a strong bounce towards $74,000 in the upcoming days đ CoinDesk
â ïž But be careful â the reliability of this effect in crypto is widely debated. CoinDesk
đĄ WHAT TO WATCH FOR:
â Key support and resistance levels around the main strikes
â Elevated volatility in the next 48-72 hours
â Sharp moves from market makers adjusting their hedges
Do you think BTC will rise towards max pain, or will the real market dictate this time? đ
#bitcoin #BTC #Deribit #opciones
And the "max pain" doesnât align with where the price is right now. đ
đ DERIBIT NUMBERS:
* Total expiration: $10.6B in $BTC options
* Only $2B of that total is currently "in the money" CoinDesk
* The rest â about $8.6B, or 80% â is out of the money and on track to expire worthless CoinDesk
đŻ Max pain is at $74,000đ BTC is currently trading near $65,000
A 14% gap between reality and where it "hurts the most" for options buyers. đ
đ WHAT DOES THIS MEAN?
The max pain theory suggests that as expiration approaches, the price tends to gravitate towards that level, as market makers adjust positions. CoinDesk
If the theory holds, Bitcoin could see a strong bounce towards $74,000 in the upcoming days đ CoinDesk
â ïž But be careful â the reliability of this effect in crypto is widely debated. CoinDesk
đĄ WHAT TO WATCH FOR:
â Key support and resistance levels around the main strikes
â Elevated volatility in the next 48-72 hours
â Sharp moves from market makers adjusting their hedges
Do you think BTC will rise towards max pain, or will the real market dictate this time? đ
#bitcoin #BTC #Deribit #opciones
1
603
·
--
Day by day, a single step at a time: Coinbaseâs Deribit is still usable
The liquidity for BTC and ETH options is indeed good. If you already planned to pick up a position, then selling puts to collect the premium is quite comfortable.
But always remember: option products like these involving two currencies are not meant to make that little bit of premium. In the end, you might get stuck with a pile of positions you donât want. It has only one purposeâto be a tool for catching a dip. The prerequisite is that the price is something youâre willing to buy in the first place.
Many people make premium income ten times with options, and on the eleventh time, they get assigned and end up taking assets they donât wantâlosing everything they gained from the prior ten times. The tool is neutral; what matters is whether you use it for defense or for gambling.
#Deribit #ææ #BTC
Day by day, a single step at a time: Coinbaseâs Deribit is still usable
The liquidity for BTC and ETH options is indeed good. If you already planned to pick up a position, then selling puts to collect the premium is quite comfortable.
But always remember: option products like these involving two currencies are not meant to make that little bit of premium. In the end, you might get stuck with a pile of positions you donât want. It has only one purposeâto be a tool for catching a dip. The prerequisite is that the price is something youâre willing to buy in the first place.
Many people make premium income ten times with options, and on the eleventh time, they get assigned and end up taking assets they donât wantâlosing everything they gained from the prior ten times. The tool is neutral; what matters is whether you use it for defense or for gambling.
#Deribit #ææ #BTC
The liquidity for BTC and ETH options is indeed good. If you already planned to pick up a position, then selling puts to collect the premium is quite comfortable.
But always remember: option products like these involving two currencies are not meant to make that little bit of premium. In the end, you might get stuck with a pile of positions you donât want. It has only one purposeâto be a tool for catching a dip. The prerequisite is that the price is something youâre willing to buy in the first place.
Many people make premium income ten times with options, and on the eleventh time, they get assigned and end up taking assets they donât wantâlosing everything they gained from the prior ten times. The tool is neutral; what matters is whether you use it for defense or for gambling.
#Deribit #ææ #BTC
160
·
--
đš Deribit shifted ~90% of client assets to Coinbase and dropped its daily proof-of-reserves check, replacing it with less transparent VARA reports. This reduces real-time visibility into client fund safety, raising custody concerns for traders. Market implication: increased counterparty risk perception could pressure COINBUSDT sentiment, especially if smart money rotates to exchanges with stronger, frequent PoR transparency. How will this affect trust in Deribitâs long-term viability?
#Deribit
$COINB #TradingSignal #CryptoAnalysis
đš Deribit shifted ~90% of client assets to Coinbase and dropped its daily proof-of-reserves check, replacing it with less transparent VARA reports. This reduces real-time visibility into client fund safety, raising custody concerns for traders. Market implication: increased counterparty risk perception could pressure COINBUSDT sentiment, especially if smart money rotates to exchanges with stronger, frequent PoR transparency. How will this affect trust in Deribitâs long-term viability?
#Deribit
$COINB #TradingSignal #CryptoAnalysis
#Deribit
$COINB #TradingSignal #CryptoAnalysis
30
·
--
Deribit announced that it will stop publishing daily public reserve proofs and take down the public reserve proof page starting September 1, 2026.
According to official information, approximately 90% of customersâ assets have already been transferred to Coinbase for custody. This change means Deribit will no longer publicly disclose daily reserve data. For users who are accustomed to verifying a platformâs transparency by means of reserve proofs, they will need to continue monitoring whether the platform will introduce a new transparency disclosure mechanism.
The asset custody model of centralized exchanges has long been a focus of industry attention. How transferring most assets to a third-party custodian and ceasing public reserve proofs will affect usersâ confidence in the platform remains to be seen.
#ć ćŻèŽ§ćž #Deribit #Reserve Proof
Deribit announced that it will stop publishing daily public reserve proofs and take down the public reserve proof page starting September 1, 2026.
According to official information, approximately 90% of customersâ assets have already been transferred to Coinbase for custody. This change means Deribit will no longer publicly disclose daily reserve data. For users who are accustomed to verifying a platformâs transparency by means of reserve proofs, they will need to continue monitoring whether the platform will introduce a new transparency disclosure mechanism.
The asset custody model of centralized exchanges has long been a focus of industry attention. How transferring most assets to a third-party custodian and ceasing public reserve proofs will affect usersâ confidence in the platform remains to be seen.
#ć ćŻèŽ§ćž #Deribit #Reserve Proof
According to official information, approximately 90% of customersâ assets have already been transferred to Coinbase for custody. This change means Deribit will no longer publicly disclose daily reserve data. For users who are accustomed to verifying a platformâs transparency by means of reserve proofs, they will need to continue monitoring whether the platform will introduce a new transparency disclosure mechanism.
The asset custody model of centralized exchanges has long been a focus of industry attention. How transferring most assets to a third-party custodian and ceasing public reserve proofs will affect usersâ confidence in the platform remains to be seen.
#ć ćŻèŽ§ćž #Deribit #Reserve Proof
89
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