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In 2014, the Jansen brothers started Deribit with the sole purpose of creating the most reliable, liquid and low latency derivatives trading platform in the world.
5 years later, Deribit is one of the main derivatives exchanges in the space.
A short overview of the milestones
Some Deribit option traders are buying deep OTM options.
The BTC-27DEC-36k-Call has a current open interest of 128 $btc.
Buying these options has paid off for them with the option premium quadrupling in just 10 days.
Will Bitcoin see these options expire in-the-money by EOY?
Exciting things are happening at Deribit, we are expanding!
Our Analytics platform is launching soon!
Deribit Analytics is a collection of analysis tools to facilitate better trading.
💡 Register at https://t.co/CbKddnGU39 and get notified first!
Official Deribit social media list:
https://t.co/CXxqVGM9js
Deribit support is available on the official Telegram channels 24/7.
Beware of social media links that are not on this list. Deribit staff will never ask you for your account password or API credentials.
A new exchange may come to market but they don't come with Deribit risk management.
Since day 1 in 2016, Deribit experienced:
ZERO Hacks - 99% of funds stored cold
ZERO Overload - System is designed for HFT
ZERO Socialized losses - Thanks to our incremental liquidation system
Additional piece of info after a chat with @DeribitExchange team:
Deribit had never had socialised losses in 3 years of operation, where we see Bitcoin go from $400 to ~$20,000 and back to low $3000, this is due to their much friendlier way of auto liquidation mechanism.
Instead of liquidating a trader's entire position at one go, Deribit incrementally liquidate the position up to 12.5% of total position and stop the liquidation as soon as the margin balance is higher than maintenance margin. This protect traders against a wick if price recovers.