Deribit is a cryptocurrency derivatives exchange platform for futures and options trading established in 2016. It's now registered under the Republic of Panama, but any international financial regulatory authorities do not regulate it. In fact, Deribit is suspected to have moved its operations from the Netherlands to Panama in order to avoid stricter AML regulations being introduced in the Netherlands. But since the 9th November 2020, it does require its customers to submit proper KYC documentation in order to create their trading account and trade through the exchange.

Traders can exchange BTC futures at 100x leverage and trade ETH futures at 50X leverage. Options trading for BTC also goes up to 10x leverage. But in spite of the high leverages offered, Deribit ensures that the customer’s digital funds are kept secure with the help of cold storage wallets.