Deribit, the world’s largest crypto options exchange, has announced a new rewards program for eligible USDC holders to enhance user collateral selection and increase the overall capital efficiency of the platform.
These payments are due to the fact that DeRibit uses Coinbase as a custody solution for USDC and Coinbase, so they will pay those who own USDC through USDC. As of July 2025, the reward rate is 4%, but users should be aware that Coinbase adjusts these rates regularly.
USDC is the world’s second largest dollar-covered stubcoin with a market value of $63.83 billion at press time. Deribit accounts for almost 80% of global crypto options activity.
Eligibility to receive USDC yields will be determined by the user’s location, Delibit said in an official announcement, adding that for the facility’s users the location of establishment and the main business location will be considered.
Additionally, users must store USDCs directly in Deribit and currently use external custodians to earn yields. For hybrid setups, only USDCs held in Deribit are considered.
The initial reward will be paid in August 2025, and the amount will be calculated based on the minimum stock held daily from July 15th to July 31st.