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Crypto Derivatives Exchange: Deribit Logo

Overall Rating: 85 / 100
Trade Volume Ranking: 1 (Options)
Type: Futures & Options
Founded: Mar 2015
Headquaters: The Netherlands
Official Site: Visit Deribit Exchange
Founder: John Jansen (LinkedIn), Marius Jansen (LinkedIn)
Investors: Three Arrows Capital, QCP Capital
Info: Blog
Advantages: ♦ No.1 in crypto options exchange; No.1 pioneer in crypto options market

♦ Multiple 3rd party market makers (not trading against house), e.g. Babel Finance, Matrixport

♦ No customer funds lost since inception

♦ Powerful servers with less than 1ms latency

♦ Trade futures up to 100x leverage; trade options up to 10X leverage

♦ Support 6 languages

– History –

In June 2016, John Jansen, long-time Amsterdam Bitcoin enthusiast, partnered with Marius Jansen and Sebastian Smyczýnski to start Deribit as a Bitcoin trading company. The company products include derivatives, BTC-USD options, BTC-USD Futures, ETH-USD options, and ETH-USD Futures.

In January 2017, Deribit announced its quarterly futures and rebate.

In March 2018, the company reported that it had completed a major system upgrade in which it also introduced new exchange terms for its customers.

In October 2018, Deribit integrated with Mudrex to automate trading. This helped the customers to traders without writing any codes manually.

In October 2019, the company launched its weekly publication, Deribit Insight. The publication was to carry in-depth market research data, explore industry projections, and look into current developments in the cryptocurrency trading industry.

On November 6, 2019, Deribit announced its partnership with Cornix. With this partnership, the company hoped to revolutionize the way traders on its platform followed signals to get real-time data on market outlook.

On November 7, 2019, traders on Deribit started viewing Deribit charts on Tradingview.

On November 12, 2019, the company partnered with Beeks Financial Cloud, a company that provides VPS. The company projected that this would make it cheaper for traders to connect with its matching engine at their London office.

In December 2019, Deribit reduced its taker fees for ETH Futures and options to generate higher volumes.

On January 8, 2020, Deribit introduced a new position builder which allows traders to enter their position and compute the PNL of their portfolio.

On January 15, 2020, they announced that they had integrated with Trading Technologies, a tech firm that builds trading software and data solutions for brokers, money managers, proprietary traders, and hedge funds.

On February 3, 2020, the company started offering Deribit BTC guide options daily.

On February 10, 2020, Deribit relocated from Amsterdam to Panama after Netherland authorities applying tighter regulations on cryptocurrency trading and anti-money laundering.

On March 20, 2020, Deribit achieved a major milestone by breaking past the $ 1billion mark in Open Interest in its BTC options.

In June 2020, Deribit entered into a strategic partnership with WIRESWARM. This opened a window for banks to start trading in crypto derivatives for their customers.

On June 24, Deribit announced to its customers that it was partnering with MARKTS, a move that aimed to benefit institutional investors on the Deribit platform.

On July 8, 2020, the Deribit developer hub was launched. The company hoped that this platform would guide traders to navigate Deribit API with ease by giving comprehensive guides and codes illustrations.

On July 14, 2020, Deribit charts went live on Cryptowatch for the first time. This is a big win for the company as Cryptowatch is among the best and most fashionable charting terminals for digital assets markets.

July 24, 2020, marked yet another major milestone for Deribit with a new record for its ETH Options. The 24-hour peak stood at $49 million, giving Deribit a total Open Interest of $241 million, which represents 93% of the global ETH market share.

On August 3, 2020, the company signed a partnership with Jarvis Labs LLC to further support autonomous crypto trading.

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