The prominent cryptocurrency derivatives exchange, Deribit, has introduced a new fee model that applies automatic discounts based on trading volumes. Set to be effective from November 1st, the system will categorize accounts into VIP levels according to their trading volumes over the past month. This fee model adjustment comes at a time when the CME Group is sparking an increase in derivative market volume through the launch of XRP and Solana options trading.
Deribit’s latest fee model automates discounted fees based on trading volumes for all investors. By analyzing trading data from September 15 to October 14, 2025, the exchange will place each account at a specific level. Fee discounts range from VIP 1 to VIP 6. While VIP 1 provides a 16.66% discount on options and a 30% reduction on futures and perpetual contracts, the highest level, VIP 6, offers discounts up to 66.66% and 55%, respectively.
Lin Chen, an executive at Deribit, emphasized that VIP 1 status requires a balance of 100,000 USDC, with BTC and ETH assets not meeting this criterion. Chen also highlighted that USDC held in the account will earn yields from US Treasury bonds, which will be added to the account monthly. The new system aims to make volume-based advantages more predictable with a transparent pricing model.
Trading Volumes Surge with CME’s XRP and Solana Options
The CME Group expanded institutional interest by initiating options trading based on XRP and Solana futures earlier this week. Increasing trading volumes in Bitcoin and Ethereum options have also fueled demand for derivative products of other altcoins.
According to CoinGlass data, Bitcoin futures and options volumes at CME surpassed Binance, positioning it as the second-largest derivatives platform. CME’s Bitcoin options volume peaked at $1.2 billion, marking an all-time high, while Deribit registered a trading volume of $3.8 billion on the same day.
Moreover, starting next year, CME plans to offer cryptocurrency futures and options trading 24/7. Increasing institutional participation indicates a new era of competition that could challenge Deribit’s leadership.