Deribit, the popular cryptocurrency options exchange, has recently made improvements to its liquidation algorithm for options positions. This update aims to enhance risk management and increase effectiveness in handling issue-causing instruments. The new algorithm now directly closes options positions when necessary, rather than relying solely on perpetual/futures as a means of Delta hedging. In a recent interview, Deribit CEO Strijers shed light on the reasoning behind this change and the benefits it brings to traders.
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