June 6, 2024 – Dubai – Deribit, the world’s largest crypto options and futures exchange by volume, today announced that it has entered into a strategic partnership with Hidden Road Partners, the global credit network for institutions. As a result of the partnership, counterparties leveraging Hidden Road’s trading network will be able to select Deribit as a venue to access crypto derivatives.
Luuk Strijers, CEO of Deribit, commented, “By integrating with Deribit, Hidden Road’s institutional clients gain access to industry-leading derivatives products, robust trading infrastructure, and more. Additionally, the entire Deribit ecosystem gains access to additional liquidity, which benefits all those trading on our exchange. To increase the adoption of digital assets, institutions must have access to trading venues that they can trust, and the partnership with Hidden Road is a testament to Deribit being one of those select venues.”
Today’s news follows Deribit becoming the first venue to receive approval from VARA regulators in Dubai for a derivatives license. It is also the latest initiative undertaken by the exchange to empower traders to custody and settle assets via their partner of choice, as Hidden Road will operate as a prime broker. This partnership marks a significant milestone in bolstering accessibility for institutional entities.
Michael Higgins, International CEO and Global Head of Business Development at Hidden Road, added, “Deribit’s offering for crypto options is a perfect fit for Hidden Road’s global credit network. Our clients select Hidden Road for our capital-efficient prime brokerage, financing, and credit intermediation solutions across asset classes. By onboarding Deribit, we continue to deliver on our commitment to bring our counterparties access and choice.”
About Deribit
Deribit is a centralized, institutional-grade crypto derivatives exchange for options and futures. Deribit’s state-of-the-art infrastructure offers instantaneous price discovery, low latency trading, advanced risk mitigation services, and deep liquidity via its network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of crypto options trading and has robust proof of assets and liabilities procedures to ensure the exchange is held to the highest of standards. Deribit has been consistently acknowledged as a leader in space as one of few exchanges to secure the ISO 27001 certificate and was named Best Exchange for Innovation by Hedgeweek.
For additional information, visit: www.deribit.com
About Hidden Road
Hidden Road Partners is the global credit network for institutions, enabling seamless access to traditional and digital markets. Conflict-free and built on a modern technology stack, we remove complexity and cost in prime brokerage, clearing and financing. For more information, please email [email protected].
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M Group Strategic Communications (On behalf of Deribit): [email protected]
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