Development of Deribit.com. Established in 2014 by John Jansen, Deribit was conceived with one aim: to be a professional, fully dedicated cryptocurrency futures and options trading platform. The exchange prioritises low latency in its markets to realise this goal, allowing traders to post thousands of orders per second. From humble beginnings, Deribit has become a pioneer in the crypto derivatives space. They were the first to launch European-style cash-settled options on BTC and ETH, have developed functionalities like multi-instrument block trading, market maker protection, and portfolio margin for crypto derivatives. Trading began on July 13, 2016, managed by a small team scattered across Europe. The company was registered in the Netherlands, perhaps a nice continuation since Amsterdam hosts one of the oldest traditional derivatives exchanges in the world. Going against the trend seen in other exchanges, Deribit focuses primarily on BTC and ETH derivatives. Currently, it offers perpetuals, futures, and options on these assets. Deribit prides itself as a crypto-only exchange with all contracts settled in BTC or ETH.