According to @charlesdhaussy, Deribit is the world’s leading crypto options exchange with over $1 trillion in trading activity in 2024 and more than $30 billion in open interest, and it selected Dubai as its global HQ in 2023 (source: @charlesdhaussy). According to @charlesdhaussy, Deribit was acquired by Coinbase in 2025 (source: @charlesdhaussy). According to @charlesdhaussy, the relocation from Amsterdam was driven by Dutch laws covering spot but not derivatives clearing needed for options, with the UAE chosen after evaluating Panama, the Bahamas, and Singapore (source: @charlesdhaussy). According to @charlesdhaussy, Deribit worked directly with Dubai’s VARA to develop an options with leverage framework with strict security, certifications, audits, and enterprise risk management standards (source: @charlesdhaussy). According to @charlesdhaussy, Deribit’s One Central office sits alongside Binance and OKX within an ecosystem of 500+ crypto firms, and Dubai is positioned as the center of Deribit’s non-US institutional crypto activities with clients regularly stopping over in the city (source: @charlesdhaussy).

According to @WatcherGuru, $15.4 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire today (source: @WatcherGuru on X, Nov 28, 2025). Large crypto options expirations are associated with concentrated hedging flows and short-term volatility around settlement on major venues such as Deribit, so traders often monitor spot moves, liquidity, and perp funding near the expiry window (sources: Deribit Knowledge Base; CME Group options education).

According to @GreeksLive, notional block-trade volume for Nov 17-23, 2025 totaled $521,737,122 across Deribit and OKX, source: @GreeksLive. Deribit accounted for $516.9 million, while OKX recorded $4.8 million, implying approximately 99.1% vs 0.9% venue share based on the reported figures, source: @GreeksLive. The seven-day average notional volume was about $74.5 million per day, calculated from the stated total, source: @GreeksLive. A recap of the top five block trades for the week was also provided by the source, source: @GreeksLive.

According to Justin Sun, he joined a session hosted by Deribit and SignalPlus covering blockchain sovereignty, institutional adoption, and building Web3 infrastructure, and the full replay is available via his post. Source: Justin Sun on X, Nov 19, 2025. For traders, the involvement of Deribit and SignalPlus frames the discussion through an options and institutional-execution lens, making it directly relevant to BTC and ETH options markets on Deribit and to workflow tooling used by institutional desks. Sources: Justin Sun on X, Nov 19, 2025; Deribit official site; SignalPlus official site.

According to @GreeksLive, for November 10–16, Greeks.Live recorded $291,395,013 in notional block trade volume, including $288.7 million on Deribit and $2.7 million on OKX, reflecting the week’s executed flow as reported by the firm. source: @GreeksLive via X on Nov 17, 2025 According to @GreeksLive, a recap of the top 5 block trades for the week is available on greeks.live for further review. source: @GreeksLive via X on Nov 17, 2025

According to @PANewsCN, Deribit APAC business head Lin said current crypto market liquidity remains 15%-20% below levels before the October 11 crash, source: PANews on X citing Lin, Nov 2, 2025. The source reports that a volatile US earnings season is attracting capital into equities as US stocks hit new highs, limiting near-term crypto flows, source: PANews on X citing Lin, Nov 2, 2025. The source notes that if US equities stay stable, liquidity could spill over to crypto toward year-end, but near-term upside is hard to drive and volatility is not low, source: PANews on X citing Lin, Nov 2, 2025.

According to the source, BTC options open interest reportedly reached a record $63B with call positioning clustered at $120K+ strikes, suggesting concentrated top-side exposure into upcoming expiries (source: the source). Elevated OI around round-number strikes can magnify dealer hedging flows and increase squeeze risk if spot advances toward those levels, a dynamic documented in Bitcoin options markets (source: Deribit Insights). Traders should track strike OI distribution, net gamma, and expiry calendars on Deribit and CME to anticipate potential pinning or breakouts near $120K, aligning entries with liquidity pockets (source: Deribit; source: CME Group). Validate the $63B figure and strike skew via real-time dashboards before taking risk, cross-referencing Deribit order books and third-party analytics such as Laevitas to confirm positioning (source: Deribit; source: Laevitas). Risk management: adjust sizing for higher vega exposure, monitor 25-delta call-put skew and term structure for confirmation of bullish sentiment, and prepare for post-expiry volatility normalization (source: Deribit Insights).

According to Eric Balchunas, IBIT options open interest has reached $38 billion and IBIT has surpassed Deribit as the largest venue for bitcoin options (source: Eric Balchunas on X, Oct 2, 2025). According to Eric Balchunas, this underscores that ETFs are materially impacting options activity and that "fat crypto margins" are in trouble (source: Eric Balchunas on X, Oct 2, 2025). According to Eric Balchunas, the data point was surfaced by Sidharth Shukla (source: Eric Balchunas on X, Oct 2, 2025).

According to the source, U.S. regulators at the SEC and CFTC are moving to harmonize crypto rules, signaling that a turf war is over (source: source post on X dated Sep 30, 2025). According to the source, BlackRock’s IBIT has surpassed Deribit to become the largest venue for Bitcoin (BTC) options (source: source post on X dated Sep 30, 2025). According to the source, Swift and Visa are using blockchain to address cross-border payments (source: source post on X dated Sep 30, 2025). Trading implications: If confirmed by primary releases from the SEC, CFTC, BlackRock, Swift, and Visa, traders should monitor BTC options open interest and implied volatility across U.S.-listed ETF options versus crypto-native venues, dispersion between BTC spot and derivatives basis, and headline risk around regulatory harmonization that could shift liquidity toward regulated venues.

According to the source, Bloomberg reports BlackRock’s iShares Bitcoin Trust (IBIT) has become the largest BTC options venue with nearly 38 billion dollars in open interest, overtaking Deribit at roughly 32 billion dollars, according to Bloomberg. Bloomberg states these figures offer traders a concrete benchmark to track positioning and liquidity in BTC options.

According to @GreeksLive, notional block trade volume totaled $720,519,908 for Sep 22-28, with $470.0 million executed on Deribit and $250.6 million on OKX; a recap of the top 5 block trades is available via greeks.live, source: @GreeksLive on X, Sep 29, 2025. Deribit and OKX accounted for approximately 65.2% and 34.8% of the reported weekly flow respectively, based on figures reported by @GreeksLive on X, Sep 29, 2025.

According to @GreeksLive, weekly notional block trading volume totaled $483,765,238 from Sep 15 to Sep 21, 2025, with $402.7 million on Deribit and $81.1 million on OKX (source: @GreeksLive). Based on these figures, Deribit accounted for about 83% of the week's block volume and OKX about 17%, with an average daily notional of roughly $69.1 million (source: @GreeksLive). @GreeksLive also noted a published recap of the top 5 block trades for the week on greeks.live for further detail (source: @GreeksLive).

According to the source, BTC options markets show traders paying up for downside protection as put prices outpace calls while 30-day implied volatility sits near a two-year low, indicating elevated demand for hedges despite subdued vol (source: Deribit). This positioning contrasts with supportive macro tailwinds cited in the market, including a recent U.S. policy rate cut and the SEC’s accelerated handling of crypto ETF filings (sources: Federal Reserve; U.S. SEC). For execution, the rich put skew versus low overall IV favors cost-controlled structures such as bear put spreads or protective collars over outright long puts to mitigate theta and skew costs (source: Deribit). Near-term risk management should account for potential sharp moves where skew implies improved downside payoff asymmetry if BTC weakens, while low IV increases carry risk if spot remains stable (source: Deribit).

According to @GreeksLive, from September 1 to September 7 the platform facilitated USD 497,448,991 in notional crypto options block trade volume, including USD 341.5 million on Deribit and USD 155.9 million on OKX (source: @GreeksLive). According to @GreeksLive, a recap of the top five block trades executed via greeks.live during the week is available (source: @GreeksLive).

According to @GreeksLive, notional block trading volume for Aug 25 to Aug 31 totaled 482,652,119 dollars, source: @GreeksLive on X on Aug 31, 2025, https://twitter.com/GreeksLive/status/1962287184851181784. Of the total, 257.6 million dollars was executed on Deribit and 225.1 million dollars on OKX, source: @GreeksLive on X on Aug 31, 2025, https://twitter.com/GreeksLive/status/1962287184851181784.

According to @QCPgroup, BTC perpetual funding on Deribit turned negative by Saturday after staying above 20% for a week while spot drifted higher, signaling a red flag in their view, source: QCPgroup on X, Aug 18, 2025. According to @QCPgroup, a similar funding and spot divergence setup preceded BTC’s fall to 112k earlier this month, highlighting a historically bearish outcome for crowded longs, source: QCPgroup on X, Aug 18, 2025.

According to @GreeksLive, multiple macroeconomic events are on the calendar this week (Aug 18–24), but none are expected to directly impact the crypto market (source: @GreeksLive on X, Aug 18, 2025). The primary trading catalyst is Deribit’s launch of USDC options on Tuesday, flagged as the most notable development for crypto derivatives traders this week (source: @GreeksLive on X, Aug 18, 2025).

According to @GreeksLive, for August 11–17, 2025, notional block trade volume totaled $763,438,652 ($763.4 million), source: @GreeksLive on X, Aug 18, 2025. According to @GreeksLive, Deribit handled $542.4 million and OKX $221.0 million in block trades over the period, source: @GreeksLive on X, Aug 18, 2025. Based on the reported figures, Deribit accounted for approximately 71.1% and OKX 28.9% of the week's total, with an average daily block volume of about $109.1 million and Deribit volume at roughly 2.45 times OKX, source: calculation from @GreeksLive data on X, Aug 18, 2025.

According to @glassnode, Deribit’s Bitcoin DVOL index is near historic lows, with only 2.6% of days recording lower readings (source: @glassnode). @glassnode notes this reflects extreme complacency and limited demand for downside protection in BTC options (source: @glassnode). @glassnode warns that such conditions may raise the risk of sudden volatility shocks in the Bitcoin market (source: @glassnode).

According to @CoinbaseIntExch, Deribit has been welcomed to the Coinbase family, with the post emphasizing Perps + Options = Next-Level Trading, indicating a combined derivatives focus for traders, source: @CoinbaseIntExch on X, Aug 14, 2025. According to @CoinbaseIntExch, the announcement includes a link for further details but provides no additional specifics in the post itself, source: @CoinbaseIntExch on X, Aug 14, 2025.