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Deribit raises $40m in new funding

Panama based bitcoin options exchange raised $40m in new funding led QCP Capital, Akuna Capital and 10T Holdings.

"Founded in 2016, Deribit caters mainly to institutional investors and co-founders John Jansen, Marius Jansen and Sebastian Smyczýnski keep a low profile compared to FTX's Sam Bankman-Fried and Binance's Changpeng Zhao. Despite this, Deribit has claimed an 88% share of open interest in bitcoin options trading, according to data from The Block's Research team."

Tags

bitcoin, capital markets