Revolutionary Trading: Deribit’s New RFQ System Will Blow Your Mind! 💥

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What to know:

  • Deribit has unveiled a Block Request-For-Quote (RFQ) interface for those hefty over-the-counter (OTC) trades.
  • This shiny new feature is open to all, but let’s be honest, it’s really for the big fish in the trading pond.

Ah, Deribit, the titan of crypto options exchanges, has graced us with a Block Request-For-Quote (RFQ) interface! Now, traders can dive into the deep end of large over-the-counter (OTC) trades with a splash of efficiency and liquidity. Who knew trading could be so… refreshing? 💦

This feature, while available to all users, is like a tailored suit for high-volume traders. It allows for direct negotiations of block trades without making a ruckus in the public order books. Because who wants to be the center of attention, right? 🙄

The Block RFQ system is a marvel, supporting complex trading structures. Users can mix and match options, futures, and spot pairs with up to 20 legs in a single trade. Just remember, this isn’t a game of hopscotch; you’ll need a higher minimum trade size to play! 🎩

With a multi-maker model, the platform lets multiple liquidity providers offer partial quotes. No more all-or-nothing drama! And yes, third-party platforms can join the party to pool liquidity from various sources. It’s like a liquidity buffet! 🍽️

Just when you thought it couldn’t get any better, Deribit announced this new system right after Sygnum Bank decided to expand its custody platform to include the derivatives exchange. And rumor has it, they’re chatting with Kraken about a potential acquisition. Talk about a trading soap opera! 📺

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2025-03-06 15:24