Deribit Releases Specifics of New KYC Policy Following Move to Panama
Deribit, a crypto futures and options exchange that is moving from the Netherlands to Panama to avoid Europe’s new Anti-Money Laundering law has released its newly updated Know Your Customer (KYC) policy.
https://cointelegraph.com/news/deribit-releases-specifics-of-new-kyc-policy-following-move-to-panama
Topic: [ANN] Deribit.com: BTC Options and Futures Exchange launched (Read 3002 times)
I'm not sure it's necessary. Deribit has already begun to decrease the API requests rate (some days ago it fell from 25 per second to 2 per second for newcomers). It means that the quantity of users is already extremely high for Deribit servers.
September 17, 2018, 07:30:56 PM
In my opinion deribit is an attractive and good market, I hope the marketing team can do an aggressive marketing strategy so that the users increase significantly.
September 17, 2018, 07:22:18 AM
20 BTC as Beta Test Reward, offered by BaseFEX, a brand new bitcoin future exchange
Competition Details:
- Beta Test website: testnet.basefex.com
- Competition duration: 2018-9-18 0:00 ~ 2018-9-26 0:00 UTC, 8 days in total.
- Upon registration, each user receives 5 BTC (testnet coin) as the initial funding.
- On 2018-9-26 0:00 UTC, competition ends and all participants will be ranked according to
their Margin Balances.
Rewards:
- The top 10 users will share the reward of 20 BTC.
- The Winner will receive 10 BTC, the second winner will receive 5 BTC and the third winner
gets 2.5 BTC. The following winners will receive their reward by half of the last one until the
10th, sharing 20BTC all together
If you have any questions, welcome to raise in our telegram group https://t.me/BaseFEXUsers
For more information, please visit www.basefex.com.
Competition Details:
- Beta Test website: testnet.basefex.com
- Competition duration: 2018-9-18 0:00 ~ 2018-9-26 0:00 UTC, 8 days in total.
- Upon registration, each user receives 5 BTC (testnet coin) as the initial funding.
- On 2018-9-26 0:00 UTC, competition ends and all participants will be ranked according to
their Margin Balances.
Rewards:
- The top 10 users will share the reward of 20 BTC.
- The Winner will receive 10 BTC, the second winner will receive 5 BTC and the third winner
gets 2.5 BTC. The following winners will receive their reward by half of the last one until the
10th, sharing 20BTC all together
If you have any questions, welcome to raise in our telegram group https://t.me/BaseFEXUsers
For more information, please visit www.basefex.com.
Blockchain Startup, Deribit Bridges Gap between Crypto-USD Loans
Cryptocurrency traders who are in need of a loan, but don't want to sell their cryptocurrency holdings are set to benefit from Deribit blockchain powered loan solutions. The Amsterdam based Derivatives company, who started its first forays into cryptocurrency by offering Bitcoin Futures and Options trading services, will now enable borrowers to post crypto assets as loan collaterals without the fear of a margin call.
Deribit platform reduces borrowers and lenders risk through its innovative derivatives concept, eliminating the problems of margin calls. Derivatives works as a contract that owns its value to the performance of an underlying asset. Deribit’s solution leverages the Put-Options of derivatives to facilitate risk-free, crypto-backed loans for both lenders and borrowers. Put-Option acts like an insurance policy for the collateral.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-startup-deribit-bridges-gap-between-crypto-usd-loans/
Cryptocurrency traders who are in need of a loan, but don't want to sell their cryptocurrency holdings are set to benefit from Deribit blockchain powered loan solutions. The Amsterdam based Derivatives company, who started its first forays into cryptocurrency by offering Bitcoin Futures and Options trading services, will now enable borrowers to post crypto assets as loan collaterals without the fear of a margin call.
Deribit platform reduces borrowers and lenders risk through its innovative derivatives concept, eliminating the problems of margin calls. Derivatives works as a contract that owns its value to the performance of an underlying asset. Deribit’s solution leverages the Put-Options of derivatives to facilitate risk-free, crypto-backed loans for both lenders and borrowers. Put-Option acts like an insurance policy for the collateral.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-startup-deribit-bridges-gap-between-crypto-usd-loans/
Hello I would be interested in trading options on your platform. Is it possible to have a skype call with you guys?
Not sure if it is a scam or not, but adding futures and derivatives into crypto coins is a great thing overall, it marks a step into mainstream finance world.
Hope to see more news like this one soon.
Hope to see more news like this one soon.
I tried to sign up a couple days ago but never received the activation email (yes, I checked my spam folder as well). Requested it again today and still nothing. Is there a bug in the signup process?
September 30, 2017, 04:10:02 PM
This is a nice platform actually. Seems to be the only real BTC Options with Vanilla options.
Really wish it would have more volume however since there are huge spreads with most of the options.
I wish you luck. Maybe launch some signature campaign or some Reddit campaign to make the site more popular. I am sure many from Bitmex would join. It would help with the liquidity.
Really wish it would have more volume however since there are huge spreads with most of the options.
I wish you luck. Maybe launch some signature campaign or some Reddit campaign to make the site more popular. I am sure many from Bitmex would join. It would help with the liquidity.
I agree with you, they have such a clean and simple interface. I really like the front office interface but they need more advertisement, maybe open another signature campaign or a referral option.
I have not found any complain about their service but I think you need to set a help page to exploit all the potential of the platform.
good luck!
September 08, 2017, 09:11:42 PM
This is a nice platform actually. Seems to be the only real BTC Options with Vanilla options.
Really wish it would have more volume however since there are huge spreads with most of the options.
I wish you luck. Maybe launch some signature campaign or some Reddit campaign to make the site more popular. I am sure many from Bitmex would join. It would help with the liquidity.
Really wish it would have more volume however since there are huge spreads with most of the options.
I wish you luck. Maybe launch some signature campaign or some Reddit campaign to make the site more popular. I am sure many from Bitmex would join. It would help with the liquidity.
We're not a scam. Please try our test environment and see for yourself. You'll feel that we have build our platform for the long run. https://test.deribit.com.
Once you feel comfy, you can go to https://www.deribit.com to trade with real Bitcoins. Any questions? Ping us in the chat or ask our Community Manager: https://twitter.com/sajmathieu.
Please try our test environment and see for yourself. You'll feel that we have build our platform for the long run. https://test.deribit.com.Once you feel comfy, you can go to https://www.deribit.com to trade with real Bitcoins. Any questions? Ping us in the chat or ask our Community Manager: https://twitter.com/sajmathieu.
Can anyone vouch for using this site. I read a reference to it over at SeekingAlpha https://seekingalpha.com/article/4073448-bitcoin-surges-falls-big-correction-making?ifp=0
Bump, anyone use this site? Is this a scam?
Can anyone vouch for using this site. I read a reference to it over at SeekingAlpha https://seekingalpha.com/article/4073448-bitcoin-surges-falls-big-correction-making?ifp=0
Good news facts:
- more market makers are going to join our exchange soon and some new ones already joined
- average daily volume on our futures in February: BTC300
Update:
- due to a possible high volatile period that can be coming (ETF?) we changed the initial margin to 4% and the maintenance margin to 2.5% (25x leverage)
We created a short video about the basics of Futures trading, you can check it out here: https://www.youtube.com/watch?v=otOFaNIJ_8w.
- more market makers are going to join our exchange soon and some new ones already joined
- average daily volume on our futures in February: BTC300
Update:
- due to a possible high volatile period that can be coming (ETF?) we changed the initial margin to 4% and the maintenance margin to 2.5% (25x leverage)
We created a short video about the basics of Futures trading, you can check it out here: https://www.youtube.com/watch?v=otOFaNIJ_8w.
Small update: we increased the leverage of our futures to 30x. Also we added a quarterly.
This is not yet shown on the website, but already implemented in our system.
This is not yet shown on the website, but already implemented in our system.
I tried this out briefly. The software looks pretty good, but there's basically nobody trading, which is a shame. Due to this, and because they said on the trollbox that they're not going to allow US customers in the future, I didn't actually do any trading. Deposits and withdrawals work.
I'd really like to see more option trading in the Bitcoin universe, since the "insurance" aspect of options is very useful for removing risk from end-users.
I'd really like to see more option trading in the Bitcoin universe, since the "insurance" aspect of options is very useful for removing risk from end-users.
Volume and user signups are steadily growing. We did not make official statement about US customers. But for now, we are not blocking US customers. We are aiming to let anyone trade on our exchange.
Without fees until the end of the year.
http://www.prnewswire.com/news-releases/bitcoin-futures-and-options-exchange-deribit-announces-zero-fee-trading-300353787.html
https://www.reddit.com/r/BitcoinMarkets/comments/5a1wex/interview_with_john_jansen_ceo_of_deribit_bitcoin/
It seems that US customers are allowed now.
I haven't any connections with them.
http://www.prnewswire.com/news-releases/bitcoin-futures-and-options-exchange-deribit-announces-zero-fee-trading-300353787.html
https://www.reddit.com/r/BitcoinMarkets/comments/5a1wex/interview_with_john_jansen_ceo_of_deribit_bitcoin/
It seems that US customers are allowed now.
I haven't any connections with them.
I tried this out briefly. The software looks pretty good, but there's basically nobody trading, which is a shame. Due to this, and because they said on the trollbox that they're not going to allow US customers in the future, I didn't actually do any trading. Deposits and withdrawals work.
I'd really like to see more option trading in the Bitcoin universe, since the "insurance" aspect of options is very useful for removing risk from end-users.
I'd really like to see more option trading in the Bitcoin universe, since the "insurance" aspect of options is very useful for removing risk from end-users.
Actually currently we have few active accounts with deposits as we just started. At the moment all coins are in "hot storage", but the amount is lower than the capital reserves of the company. So at this moment the hot wallet is 100% insured, as if storage would get hacked, we will pay out of own pocket the losses, which at this moment is only 30BTC, and in cold storage (own capital) we have around 200btc (company capital). It is company policy to have 90% in cold storage as soon as we have more deposits, such that it makes sense to place it in cold storage. We could also put 100% in cold storage, but its important for people to be able to immediately (not all at once) withdraw, because traders might need to send their capital to another exchange urgently, or for which ever other reason. (if hot wallet goes empty, trader would have to wait untill we replenish the hot wallet, which we check once a day).
As for "verify" cold storage address... the address being cold or not is impossible to verify. We understand that the big issue, specially for us being a new exchange, is the trust people have in the platform, and we surely need to do something about that to gain trust.
so...at this moment its actually 100% hot storage, but 100% insured with cold storage...which is even better. If hot wallet gets hacked...we will refund 100% all accounts. And it will stay this way. Our hot wallet will never grow bigger than our cold wallet company capital, such that we always can guarantee client funds even in the case of a hack.
Sure it is impossible to prove that an address is in fact "cold" and "cold storage" differs from person to person, however you could sign a message from an address (or collection of addresses) that are holding your cold storage BTC. The concern is not so much that BTC is being held "cold" but is more that you actually are in possession of the BTC that you claim to be in possession of. This would especially help considering that you are very new. As for "verify" cold storage address... the address being cold or not is impossible to verify. We understand that the big issue, specially for us being a new exchange, is the trust people have in the platform, and we surely need to do something about that to gain trust.
so...at this moment its actually 100% hot storage, but 100% insured with cold storage...which is even better. If hot wallet gets hacked...we will refund 100% all accounts. And it will stay this way. Our hot wallet will never grow bigger than our cold wallet company capital, such that we always can guarantee client funds even in the case of a hack.
Another thing you can do is publish proof of liabilities by publishing a hash of some ifebtifier of user accounts and the corresponding balances in their accounts. This would help prove that you are not running on fractional reserves.
Just came across this site yesterday. So how do the options usually work? Right now I see options listed on the site. Who is selling them ? Is it other traders or is the site selling those options ?
Normally other traders, although currently I think they are quoted by "the site". Doesn't really matter for you. If you want, you can place an order in the orderbook. Or you can trade with an order that's currently in the orderbook.Options are traded on margin. The marketmaker currently quoting will keep quoting even if you buy out the orderbook, but then so at a slighty worse price. So yes you can buy infinitely many options (untill the market maker account has higher initial margin than equity) but at increasingly worse prices. (unlless the marketmaker actively updates prices.)
So if you want to make really a bigger trade (buying/selling 100 options), mighe be better to publish it in the trollbox to see if a deal can be made, because continuing to buy out the orderbook will soon lead to very worsening prices. This because all options are quoted by a tradebot, which is not supervised (looked at by the marketmaker) 24h/day, but adjusted several times per day by the marketmaker.
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