Deribit Introduces USYC: New Spot Trading and Collateral Option for BTC and ETH

According to a recent announcement by COINOTAG on October 4, Deribit is set to undergo system maintenance on October 8 at 17:00 Beijing time. This scheduled maintenance is projected to last 15-30 minutes, during which the client’s access to Deribit’s platform will be temporarily disabled. As part of its strategic enhancements, Deribit will unveil the yield-based cryptocurrency, USYC. This innovation marks a significant milestone as Deribit plans to introduce USYC_USDC spot trading and incorporate it into its cross-collateral pool. This development facilitates users’ ability to leverage USYC as collateral for trading BTC, ETH, USDC, and USDT assets. This advancement is anticipated to expand trading flexibility and attract a broader user base to the Deribit platform, reinforcing its position in the competitive cryptocurrency trading market.