Deribit review: score, licensing and risks
69/100SCORE · CTrusted
Grade C, fair
Deribit is the dominant venue for Bitcoin and Ethereum options, used mainly by institutions and professional traders. It is not a spot exchange and not a place to buy your first coin. It covered a 2022 hot wallet breach from its own reserves with no customer impact.
The facts
- FOUNDED
- 2016
- HEADQUARTERS
- Dubai, United Arab Emirates
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised for EEA retail. It is an institutional derivatives venue.
- US ACCESS
- No.
- PROOF OF RESERVES
- Publishes reserve information.
- FEES
- Around 0.02 to 0.05 percent on options and futures.
- ASSETS
- Bitcoin and Ethereum derivatives, not a spot exchange
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- The dominant crypto options venue by a wide margin
- Institutional grade matching engine
- Covered its 2022 breach itself
- Deep BTC and ETH derivatives liquidity
✗ Weaknesses
- Derivatives only, not for buying and holding
- Not suitable for beginners
- No US access
Incident history
2022
Lost around 28 million dollars in a hot wallet breach. Covered from company reserves with no customer impact.
Our read
The serious venue for crypto options and not remotely a beginner product. It absorbed a 28 million dollar breach without customer loss, which is the right answer.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.