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Overview of Crypto Options Exchanges – Part 2 (Deribit)

Deribit is the OG crypto options exchange. Originally established in the Netherlands in 2016, it is now headquartered in Panama. It was one of the first Bitcoin options trading platforms and is now the largest Bitcoin options exchange by volume and open interest.

Despite building a dedicated Bitcoin derivatives trading platform, Deribit added support for Ethereum in 2019, and have since added support for SOL and USDC.

Deribit is still not a regulated entity, which could be a liability down the road.

 

Supported Countries

Let’s answer this by showing which countries are on Deribit’s Restricted Country list: 

Canada

Cuba

Guam

Iran

Iraq

Japan

DPRK (North Korea)

Panama

Puerto Rico

Samoa

Sudan

Syrian Arab Republic

United States

Virgin Islands (US)

If your country is not on the restricted list, you may be able to use Deribit based on passing their KYC requirements. 

KYC (Know Your Customer) Requirements

Currently, Deribit has two levels of KYC:

Level 0 — for withdrawals of up to 1 bitcoin and 50 ether — requires basic information such as name, email, date of birth, address, and country of residence. 

Level 1 — unrestricted withdrawals — needs basic information plus a passport or government ID. It means with the upcoming KYC program, all users will have to pass the Level 1 verification.

What this also means is that if you’re in a restricted country, you CANNOT just establish a VPN connection and set up an account.

Assets Traded

You can see the assets traded and current strikes prices listed below for BTC, ETH, and SOL: 

Trading Fees

Deribit uses a maker/taker fee system like many other crypto derivative sites:

Trading Interface

Deribit uses one of the most professional chains available in the business, rivaling much larger equity options offerings: 

Bottom Line – Deribit

Deribit is the most professional and robust options offering in the crypto space – if you can trade on it. Geographic restrictions limit potential liquidity due to eliminating the largest financial user base. In addition, the options are cash-settled only; you cannot use Deribit to acquire more BTC by selling puts. There is no physical settlement, only cash-settlement. (Refer to the ReadySetCrypto Options Masterclass for more information)

 

 

 

 

 
 

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
possible.

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

Move Your Mouse Over Charts Below For More Information

The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

Add your vote to the V4 Portfolio by clicking here.

Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

 

 

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