deribit
What Is RFQ in Crypto Options? When to Use It (and When Not To)
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In recent months, we have been receiving an increasing number of inbound messages on LinkedIn from institutional counterparties - market makers, liquidity providers, and trading firms. Much of this outreach is clearly systematized, likely supported by AI-driven prospecting tools targeting participants active in crypto derivatives.
While most of these conversations remain exploratory, some provide useful insight into how more sophisticated market participants operate.
One such interaction introduced us to a concept we had not previously engaged with directly: RFQ (Request for…
Trading Covered Calls on XRP with Deribit
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At Terramatris we are always exploring new ways to structure option strategies around crypto assets. One of the more interesting challenges we’ve faced recently is figuring out how to trade covered calls on XRP.
Our favorite trading platform, Bybit, unfortunately does not yet offer XRP options. That left us looking for alternatives, and naturally, Deribit became our next candidate. Deribit does offer XRP options, but as always, the devil is in the details.
The Challenge: Collateral Rules on DeribitDeribit lists XRP options, but they are settled in USDC. At the time of writing,…