Deribit Expands Beyond Crypto with 90+ USDC-Settled Perpetuals

Deribit has announced its expansion beyond cryptocurrency markets by launching over 90 USDC-settled perpetual futures contracts tied to public companies, ETFs, commodities, and private-company valuations. This move marks Deribit's first foray into listed equity and ETF perpetuals.

The new product set includes commodity contracts, pre-IPO products, and the Coinbase 50 Index, alongside 60 crypto underlyings. Deribit will introduce the products in stages, with some instruments currently marked as unlisted in its specifications until trading begins.

These contracts provide traders with synthetic exposure to a reference price without transferring the underlying asset. For example, a stock perpetual tracks a listed company's price through a derivative contract rather than transferring shares themselves.