Deribit is a leading crypto futures and options trading platform based in Panama City, Panama. Deribit’s state-of-the-art system architecture ensures the fastest performance in the market, making it the first choice for algorithmic and HF traders. Deribit was the first to launch European-style cash-settled options on BTC and ETH, and has pioneered functionalities like multi-instrument block trade, market maker protection, and portfolio margin for crypto derivatives. Furthermore, Deribit remains the market leader in crypto options and continues to set the standard for the rest of the industry.