Deribit has become a leading platform for crypto derivatives traders. Acquired by Coinbase, this platform focuses on options and futures, providing advanced tools for traders of all levels. Let's explore what makes Deribit a key player in the crypto derivatives trading arena in 2025.
Deribit is a crypto derivatives exchange platform founded in 2016, specializing in options and futures contracts. Based in Dubai, United Arab Emirates, it has quickly established itself as the global leader in the crypto options market with more than 85% market share in this segment.
The platform was created by John and Marius Jansen, who developed a first-rate institutional infrastructure, offering advanced features like instant price discovery, low-latency trading, and sophisticated risk mitigation services. Deribit stands out for its deep liquidity thanks to a network of leading market makers.
In May 2025, Deribit was the subject of a major acquisition by Coinbase for approximately $2.9 billion, marking a turning point in the derivatives industry. This strategic acquisition aims to make Coinbase the global reference platform for crypto derivatives, combining Deribit’s expertise in options with Coinbase’s growing futures business.
Deribit offers a comprehensive set of features that make it a preferred tool for derivative product crypto traders. Here are the main characteristics that distinguish this platform in the market.
Deribit’s main strength lies in its unmatched expertise in crypto options. The platform offers European options on several cryptocurrencies, with particular dominance in Bitcoin and Ethereum options. These options are exercised only at expiration and cannot be exercised beforehand, simplifying position management.
Deribit offers several types of futures contracts :
This diversity allows traders to adopt different strategies according to their objectives and risk tolerance.
Deribit offers two distinct margin models :
The portfolio margin system is particularly advantageous for complex trading strategies involving multiple instruments.
The platform provides traders with several advanced tools :
Deribit places particular importance on security with :
Unlike some platforms that offer hundreds of cryptocurrencies, Deribit has chosen to focus on a limited number of assets but with exceptional market depth.
Deribit primarily accepts three cryptocurrencies for deposits and withdrawals :
This restricted selection allows the platform to focus on quality rather than quantity, providing optimal liquidity for these major assets.
For derivative products, Deribit offers options and futures on :
The platform has also launched a zero-fee spot trading service to facilitate conversions between these cryptocurrencies.
Like any exchange platform, Deribit has strengths and weaknesses that should be analyzed before engaging with it.
Let’s first look at the platform’s advantages.
Now let’s look at the exchange’s areas for improvement.
Deribit’s fee structure follows a maker-taker model, with fees varying according to the type of product and the user’s role in the transaction.
| Contract | Maker Fees | Taker Fees |
|---|---|---|
| BTC Weekly Futures | -0.01% | 0.05% |
| ETH Weekly Futures | -0.01% | 0.05% |
| BTC Futures & Perpetuals | 0.00% | 0.05% |
| ETH Futures & Perpetuals | 0.00% | 0.05% |
| USDC Perpetuals | 0.00% | 0.05% |
Negative maker fees on certain products mean that traders who add liquidity receive a rebate, while those who take liquidity pay a commission.
| Contract | Fees |
|---|---|
| BTC Options | 0.03% of the underlying value (capped at 12.5% of the option price) |
| ETH Options | 0.03% of the underlying value (capped at 12.5% of the option price) |
| USDC Linear Options | Between 0.0001 and 0.0005 × index price (capped at 12.5% of the premium) |
Deribit does not charge deposit fees, but network fees apply for withdrawals. These are variable for Bitcoin, Ethereum, and USDC, which also depends on Ethereum network fees as it’s an ERC20 token.
| Exchange | Spot Trading | Futures Maker | Futures Taker | USDT Withdrawal (TRC20) |
|---|---|---|---|---|
| Deribit | 0% | 0.00% | 0.05% | Network fees |
| Binance | 0.1% | 0.02% | 0.05% | 1 USDT |
| Bitget | 0.1% | 0.02% | 0.06% | 1 USDT |
| Bybit | 0.1% | 0.02% | 0.04% | 1 USDT |
| MEXC | 0% | 0% | 0.03% | 1 USDT |
We can see that Deribit positions itself competitively with its new 0% fee spot trading offer and futures fees comparable to those of major competing platforms.
Creating an account on Deribit is a relatively simple process that can be completed in a few steps.
Deribit requires identity verification (KYC) to make deposits, withdrawals, or any trading activity:
Verification typically takes a few minutes if your documents are clear and readable.
Once your account is verified:
Remember to use the correct network for your deposits (native blockchain for BTC and ETH, ERC20 for USDC).
Once your account is created and funded, you can start trading on Deribit. Here’s a guide to get started with the different products offered.
User reviews of Deribit are varied, with an average rating of 3.2/5 on Trustpilot based on 16 reviews. Even though there are too few reviews for the rating to be objective, here’s an overview of the most significant feedback.
Many users appreciate the quality of Deribit’s technical infrastructure, particularly its execution speed and stability even during periods of high volatility. A professional trader mentions:
“Deribit offers the best crypto options trading experience in the market, with unmatched liquidity and tight spreads.”
Users also praise the responsive customer service and the platform’s transparency regarding its operations and security. One user highlights:
“Support usually responds in less than an hour, which is rare in the crypto industry.”
Some users have expressed frustration regarding withdrawal delays, particularly the 3-day delay for new withdrawal addresses. One user comments:
“The system that is supposed to reduce this delay to 0 days doesn’t work properly.”
Other criticisms focus on the complexity of the interface for beginners and geographical limitations that prevent certain users from accessing the platform.
In response to some criticisms, Deribit has made several notable improvements :
Deribit stands as the undisputed reference for crypto options trading, with an overwhelming market share of over 85% in this segment. This dominance is not coincidental but results from exceptional technical infrastructure and unparalleled liquidity, allowing traders to execute complex strategies efficiently.
The acquisition by Coinbase in May 2025 marks a strategic turning point that should strengthen Deribit’s position. This acquisition promises future integration with the Coinbase ecosystem, potentially synonymous with better capital efficiency and facilitated access for an expanded user base.
The platform distinguishes itself through its balanced approach between innovation and security, as evidenced by its recent certifications and history without major incidents. However, it remains primarily suited to experienced traders due to the inherent complexity of the derivative products it offers. If that’s your case, then Deribit is probably the platform you need !
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Yes, Deribit is considered a secure platform, holding both SOC 2 and ISO 27001 certifications obtained in 2024. The majority of user funds are stored in cold wallets, and the platform has never experienced a major security breach since its launch.
Deribit primarily supports Bitcoin (BTC), Ethereum (ETH), and USDC for deposits and withdrawals. For trading, users can access options and futures contracts on Bitcoin, Ethereum, and Solana.
Deribit offers 0% spot trading fees. For futures, fees range from -0.01% to 0.05%, depending on the product and whether you’re a maker or taker. Options carry a 0.03% fee on the underlying asset value, capped at 12.5% of the option price.
Yes, Deribit is accessible to users in France. However, KYC verification is required to unlock the platform’s full range of features.
Coinbase’s $2.9 billion acquisition of Deribit in May 2025 aims to create the most comprehensive crypto derivatives platform globally. This move is expected to provide users with seamless access to spot, futures, perpetuals, and options markets — all within a single, capital-efficient ecosystem.
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