Deribit by Coinbase, the world’s largest crypto options exchange, is pleased to announce that Orbit Markets has joined its Block Request-For-Quote (RFQ) platform, further strengthening liquidity available to institutional clients executing block and bespoke options trades.
Orbit Markets is a leading market maker specializing in crypto options and structured derivatives. The firm facilitates over US$20 billion in trading volume each month, providing liquidity to exchanges, asset managers, and trading desks worldwide.
Already a major liquidity provider for Deribit’s order book, Orbit Markets has now extended its liquidity to the Block RFQ system, enabling institutional traders to access competitive pricing and reliable execution for larger and more complex options transactions.
Launched in 2025, Deribit’s Block RFQ interface allows traders to execute large over-the-counter (OTC) trades with improved efficiency and liquidity. The feature, available to all users but tailored for high-volume traders, enables direct negotiation of block trades without impacting public order books.
“We are pleased to welcome Orbit Markets to our Block RFQ platform,” said Jean-David Péquignot at Deribit by Coinbase. “Expanding our network of high-quality liquidity providers helps ensure our users have access to deep liquidity and efficient execution.”
Caroline Mauron, Co-founder of Orbit Markets, added “Deribit is the leading venue for institutional crypto options trading, and we’re excited to expand our partnership with Deribit through Block RFQ.”
The addition of Orbit Markets reflects Deribit’s continued commitment to providing institutional participants with multiple execution workflows, combining deep central order book liquidity with an increasingly efficient RFQ system.
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