Deribit Sees Strong Demand From Institutions, Volume on Its Block RFQ Tool Reaches $23B in Four Months

Description

The institutionalization of cryptocurrencies is accelerating rapidly. Crypto derivatives exchange Deribit's on-demand liquidity tool, the Deribit Block Request-for-Quote (RFQ) interface, has registered a cumulative trading volume of over $23 billion in less than four months since its debut in early March. Deribit is a prominent derivatives exchange, offering the world's largest options market for traders of bitcoin BTC, ether ETH, Solana SOL, and XRP XRP. It also offers futures and spot trading....