VARARegulated
United Arab Emirates Crypto Asset Exchange License (CEX)

United Arab Emirates Crypto Asset Exchange License (CEX)
Exchanges with reserves exceeding 86.88%
Exchanges with 24H inflows exceeding 87.03%
What is Deribit?
Deribit is the world's largest Bitcoin and Ethereum options exchange, and one of the most advanced crypto derivatives trading platforms, supporting up to 50x leverage for crypto futures and perpetual contracts.
Platform Features
Users can trade options, perpetual contracts, futures, and spot on Deribit. The platform has shaped the crypto options industry since 2016, offering free options courses, a risk-free test platform, and 24/7 support, attracting traders worldwide.
Crypto derivatives may be entering a new phase of consolidation: not merely combining brands, but bringing spot, perpetual futures, dated futures and options closer to a shared liquidity and risk infrastructure. On October 7, Coinbase announced the completed integration of Deribit and named the combined platform Coinbase Global Exchange. Coinbase International Exchange accounts, balances and positions had been migrated to Deribit on October 1, according to the companys migration documentation. Coinbase says its platform connects to a market with more than $30 billion in Bitcoin options open interest, measured September 30, while Deribit processed more than $1 trillion in trading volume in the previous year. Those are company-provided reference figures, not new trading generated by the October 7 announcement. The deeper change is the companys plan to route eligible U.S. institutions toward that derivatives liquidity through Coinbase Financial Markets, its CFTC-regulated intermediary. Options access through Coinbase Prime, spot margin and unified portfolios are planned for the coming weeks. Eligible retail rollout follows a staged timetable, not an immediate blanket opening to every user. That timing distinction is central to understanding the development.Why Deribit Matters More Than Another Trading Interface Deribit built a large options-focused derivatives business. Crypto options have different infrastructure needs from spot trading:

Crypto markets were relatively calm on Friday as the largest Deribit options settlement of the month cleared roughly $9.87 billion in notional exposure, with traders now turning their attention to next weeks Federal Reserve meeting and a renewed escalation in the Strait of Hormuz. $BTC is changing hands at $78,088, up 0.8% on the day, 2.5% on the week, and 9% on the month. Ether trades at $2,316, flat on the day and down 2.3% over the week. Total crypto market capitalization stands at $2.68 trillion, with $93.8 billion in 24-hour trading volume, per CoinGecko. XRP was held at $1.44, BNB at $638, and Solana at $86. $BTC Chart The April monthly settlement covered 109,000 $BTC contracts with $8.55 billion in notional and 563,000 ETH contracts worth $1.32 billion, per Deribit data. The expiry cleared roughly 25% of total Deribit open interest. Heavy call positioning was concentrated at the $75,000 and $80,000 strikes heading into settlement, according to CoinGlass. ETF Flows Diverge U.S. spot Bitcoin ETFs logged $223 million in net inflows Thursday, extending their winning streak to eight consecutive sessions, per SoSoValue. BlackRocks IBIT continued to anchor the flows. Spot Ether ETFs broke a 10-day inflow run with $75.9 million in Thursday outflows. Meanwhile, CoinShares weekly

High Bitcoin options volumes indicate there is still significant interest and capital present in crypto derivatives markets, according to derivatives exchange Deribit, but risk is now being carefully managed, which could explain Bitcoins recent price movements. Bitcoin trading near $90,000 right now “looks a lot clearer when you view it through positioning rather than just price,” said the Coinbase-owned derivatives exchange on Wednesday. Bitcoin (BTC) appears to be stuck due to concentrated options open interest (OI) around current strike prices for the large Jan. 30 expiry, it added. This means a “significant share of market exposure is structured through options rather than outright leveraged futures,” they stated. “Traders are involved, but theyre using hedges and structured trades, not just directional leverage.” Bitcoin has been trading in a range-bound channel since mid-November, finding support around $85,000 and resistance around $95,000, and oscillating between the two levels. Capital is present, but risk is managed Deribit explained that high options volume in near-term expiries, particularly puts (shorts), suggests that traders are managing risk, making price movements more sensitive to hedging flows than external news. “Rallies may meet supply from risk reduction, dips can find buyers adjusting exposure, and momentum often has to work harder to expand,” they stated. “So the thing here
