Difference between revisions of "Deribit Exchange"

Latest revision as of 14:45, 15 May 2023

Basics

A CEX

Moved to Dubai (26-1-2023)

Audits & Exploits

Bug bounty program can be found [insert here].
SafeCEX scored it 28% (8-12-2022):

"⌛️ 27 days since Proof of Reserves

📎 Announcement

🔎 Assets included: BTC ETH SOL

❌ Merkle tree not available or not verifiable online

❌ Merkle tree not open sourced

✅ Wallet addresses made public

❌ Wallet ownership not audited by third-party

❌ Wallet ownership not proven publicly by custom message"

Competition

From this Vietnamese blog (3-12-2020):

"Opyn is like an unauthorized Deribit, its only advantage is that there is no KYC. If KYC is not a problem for a particular trader, then the logical choice is to trade on Deribit instead of Opyn since the pricing structure is exactly the same. Trading on Deribit is cheaper and the exchange is also much more liquid."

Team, Funding

Hasu; researcher and writer (26-4-2021)
Participated in a $1.2M raise for Nansen (28-10-2020).
Had a 3AC position which it liquidated after the UST fallout in May 2022.
Mechanism Capital lists them in their portfolio as of 15-5-2023.

@@ Line 1: / Line 1: @@
 == Basics ==
+A [[Centralized Exchanges (CEX)|CEX]]
+[https://www.coindesk.com/business/2023/01/25/crypto-options-exchange-deribit-plans-move-to-dubai-report Moved] to Dubai (26-1-2023)
+==Audits & Exploits==
+*[[Bug bounty]] program can be found [insert here].
+*[[SafeCEX]] [https://www.safecex.club/ scored] it 28% (8-12-2022):
+''"⌛️ 27 days since [[Proof of Reserves]]''
+''📎 [https://insights.deribit.com/exchange-updates/deribit-wallet-holdings/ Announcement]''
+''🔎 Assets included: [[Bitcoin (BTC)|BTC]] [[Ethereum (ETH)|ETH]] [[Solana (SOL)|SOL]]''
+''❌ [[Merkle Tree|Merkle tree]] not available or not verifiable online''
+''❌ Merkle tree not [[Open Source|open sourced]]''
+''✅ [[Wallet]] [[Address|addresses]] made public''
+''❌ Wallet ownership not audited by third-party''
+''❌ Wallet ownership not proven publicly by custom message"''
 == Competition ==
@@ Line 5: / Line 27: @@
 * From this Vietnamese [https://en.blogtienao.com/hegic-coin/ blog] (3-12-2020):
-''"[[Opyn]] is like an unauthorized Deribit, its only advantage is that there is no [[KYC]]. If KYC is not a problem for a particular trader, then the logical choice is to trade on Deribit instead of Opyn since the pricing structure is exactly the same. Trading on Deribit is cheaper and the exchange is also much more [[Liquidity|liquid]]."''
+''"[[Opyn]] is like an unauthorized Deribit, its only advantage is that there is no [[KYC]]. If KYC is not a problem for a particular trader, then the logical choice is to trade on Deribit instead of [[OPYN|Opyn]] since the pricing structure is exactly the same. Trading on Deribit is cheaper and the exchange is also much more [[Liquidity|liquid]]."''
 == Team, Funding ==
 *[[Hasu]]; researcher and writer ([https://twitter.com/hasufl 26-4-2021])
 *[https://cryptobriefing.com/ethereum-analytics-firm-nansen-secures-1-2-million-seed-investment/ Participated] in a $1.2M raise for [[Nansen]] (28-10-2020).
+*Had a [[Three Arrows Capital (3AC)|3AC]] position which it [https://decrypt.co/104313/three-arrows-capital-files-for-bankruptcy-report liquidated] after the [[Terra Classic (LUNC)|UST]] fallout in May 2022.
+*[[Mechanism Capital]] [https://www.mechanism.capital/investments/ lists] them in their portfolio as of 15-5-2023.
 [[Category:Exchange]]
 [[Category:Companies/Organisations]]