Deribit is a cryptocurrency derivatives exchange that offers highly liquid Bitcoin and Ethereum options, futures, and perpetual contracts. It provides multiple margin models, advanced tools like the Option Wizard and Position Builder, and a robust API for algorithmic trading, catering to retail, professional, and institutional traders.
Funding
$40M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traders and institutions seeking deep liquidity and advanced risk management for cryptocurrency derivatives often face fragmented markets, limited access to sophisticated trading tools, and complex margin requirements that hinder efficient position management.
Solution
Deribit operates a cryptocurrency derivatives exchange focused on options, futures, and perpetual contracts for Bitcoin and Ethereum. The platform offers the most liquid options market globally, with multiple margin models—including segregated and cross‑collateral, standard and portfolio margin—to optimize capital efficiency for a range of trading strategies. Integrated tools such as the Option Wizard, Position Builder, and real‑time market metrics help users design, evaluate, and monitor complex option and futures portfolios. A robust public API and testnet enable algorithmic and high‑frequency traders to develop and deploy strategies programmatically. The service is supported 24/7 by a dedicated support team and includes mobile applications for on‑the‑go trading, ensuring continuous market access.
Target Audience
Primary users are active crypto derivatives traders—including retail, professional, and institutional participants—as well as quantitative developers and firms building automated trading systems.
Features
- High‑liquidity BTC and ETH options market with ~85% share, plus futures and perpetual contracts
- Multiple margin models (segregated/cross collateral, standard/portfolio) allowing tailored risk and capital usage
- Option Wizard that suggests optimal strategies based on price forecasts, showing ROI, max loss, and P&L charts
- Position Builder for constructing multi‑leg portfolios of options and futures with aggregate profit‑loss visualization
- Deribit Metrics providing funding rates, open interest, historical volatility, and custom instrument charting
- Comprehensive REST API and testnet for algorithmic, HFT, and developer integration
- Mobile app for iOS and Android delivering full trading functionality on the go
- 24/7 live support via chat, email, and community channels