Deribit exchange
Overview
Deribit is a cryptocurrency derivatives exchange specializing in options and futures contracts, and is the largest crypto options venue by trading volume and open interest. It primarily offers Bitcoin and Ethereum derivatives. Deribit relocated its headquarters to Dubai in January 2025 under a VARA license (Deribit FZE), having previously been based in Panama. In August 2025 it was acquired by Coinbase in a cash-and-stock deal valued at roughly $2.9 billion.
Within the DeFi Intel graph, Deribit connects to 6 tracked entities, including Coinbase (its acquirer) and its Dubai VARA VASP licence.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
acquired_by | Coinbase | 95% |
holds_license | Deribit FZE VARA VASP Licence | 95% |
regulated_by | Dubai VARA Virtual Asset License | 85% |
Frequently asked questions
What is Deribit?
Deribit is a cryptocurrency derivatives exchange specializing in options and futures contracts, primarily offering trading in Bitcoin and Ethereum derivatives. It is recognized as a key venue for institutional and retail traders seeking options exposure.
Who regulates Deribit?
Deribit is regulated by Dubai VARA under a Virtual Asset License, specifically the Deribit FZE VARA VASP Licence.
What is Deribit connected to?
Deribit is connected to Coinbase, which acquired the exchange.