Deribit Enables USDC Holders to Earn Returns Through Its Options Trading Services

Deribit Offers 4% Yield for USDC Holders as Part of New Rewards Program

Deribit, the world’s largest crypto options exchange, has announced a new rewards program for eligible USDC holders, aiming to broaden collateral options and improve capital efficiency on its platform.

This yield opportunity arises from Deribit’s partnership with Coinbase, which serves as the custodian for USDC. Coinbase currently pays a 4% annual yield to USDC holders, though Deribit cautions that this rate is subject to change as determined by Coinbase.

USDC, the second-largest dollar-pegged stablecoin, boasts a market capitalization of $63.83 billion as of today. Deribit, meanwhile, handles nearly 80% of global crypto options trading activity, positioning this new program as a significant benefit for users seeking additional returns on their stablecoin holdings.

Eligibility for the USDC rewards program depends on users’ geographic location. For institutional participants, Deribit will consider both the country of incorporation and the principal place of business when determining eligibility.

To qualify for the yield, users must keep their USDC directly on Deribit’s platform rather than storing it with external custodians. In hybrid custody situations, only USDC held on Deribit will count toward earning rewards.

The first yield payments are scheduled for August 2025, calculated based on the lowest daily USDC balance maintained by users between July 15 and July 31, according to Deribit’s announcement.