Deribit, a crypto futures and options exchange, is preparing for the expiration of $3.6 billion worth of bitcoin and ethereum options contracts this Friday. However, the impact on the market is expected to be minimal due to the current low levels of volatility.

Around 85,000 bitcoin options contracts valued at $2.3 billion and roughly 700,000 contracts for ethereum options valued at $1.3 billion are set to expire. Despite the sizable dollar amount of the options, the market is not expected to panic as the implied volume remains at a low level.

Luuk Strijers, the chief commercial officer of Deribit, noted that a similar situation occurred in January this year, which was followed by a big spike in volatility.