Deribit Partners with Ethena to Bring Rewarding USDe Collateral to Crypto Traders

Deribit, the top global exchange for crypto options and futures, is preparing to introduce Ethena’s synthetic dollar, USDe, as a margin collateral option.

Expected to roll out in early January, this addition aims to enhance Deribit’s cross-collateral pool, pending regulatory approval.

Ethena Labs expressed enthusiasm about the collaboration, highlighting that users will be able to hold USDe not only as margin collateral but also to earn rewards.

USDe is already supported as collateral on platforms like Bybit, Bitget, and Gate, offering users flexibility in deploying it across single or multi-exchange derivatives strategies.

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Guy Young, Ethena Labs’ founder, noted that integrating USDe into Deribit’s ecosystem will unlock innovative structured products not feasible with traditional stablecoin collateral.

With Deribit commanding 85% of the crypto options market, Young predicts the move will attract both traditional finance and crypto-native trading firms, expanding use cases for USDe within the derivatives market.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.