https://insights.deribit.com/Research, education and market analysis from Deribit.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-40-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-40-2026/Wed, 30 Sep 2026 06:51:40 GMTRisk assets including crypto are trading against a deteriorating macro backdrop of higher oil prices, a continued US-Iran impasse over the Strait of Hormuz, and a deepening in the selloff in US Treasuries.https://insights.deribit.com/exchange-updates/deribits-new-matching-engine-from-milliseconds-to-microseconds/https://insights.deribit.com/exchange-updates/deribits-new-matching-engine-from-milliseconds-to-microseconds/Mon, 21 Sep 2026 06:25:39 GMTDeribit's by Coinbase new matching engine marks a major upgrade to the exchange's core trading infrastructure. It is built to handle high order volumes with lower and, just as importantly, more predictable latency.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-38-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-38-2026/Thu, 17 Sep 2026 06:39:50 GMTWith markets pricing in a near certainty (93%) probability for the first rate hike from the Federal Reserve since 2023 in its meeting tomorrow, and odds on Polymarket for the passing of the Clarity Act by the end of 2026 falling to 19%, implied volatility in BTC and ETH options markets is mostly flat.https://insights.deribit.com/exchange-updates/deribit-launches-its-biggest-ever-product-expansion/https://insights.deribit.com/exchange-updates/deribit-launches-its-biggest-ever-product-expansion/Wed, 16 Sep 2026 06:06:25 GMTYou may have seen the latest listing announcements. They mark the first phase of Deribit’s largest-ever expansion of perpetual futures: more than 90 new USDC-settled contracts across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. This goes well beyond adding more crypto markets and marks a new market chapter for Deribit, with the full lineup rolling out in stages. All are available through Deribit soon and settled in USDC.https://insights.deribit.com/crypto-options-unplugged/episode-125-the-bond-market-is-breaking-is-bitcoin-about-to-explode/https://insights.deribit.com/crypto-options-unplugged/episode-125-the-bond-market-is-breaking-is-bitcoin-about-to-explode/Thu, 03 Sep 2026 09:43:44 GMTIn this week’s Crypto Options Unplugged, Imran Lakha and David Brickell examine the growing stress in global bond markets and why it could ultimately become the catalyst for Bitcoin’s next major move. Despite increasingly hawkish Fed rhetoric and rising expectations of a September hike, long-end yields continue to push higher - raising questions over whether policymakers are losing control of the bond market.https://insights.deribit.com/exchange-updates/large-block-trades-delayed-data-publication/https://insights.deribit.com/exchange-updates/large-block-trades-delayed-data-publication/Wed, 02 Sep 2026 10:12:32 GMTDeribit is implementing a new feature for very large block trades, which allows anyone executing a block trade above a certain size to have the trade data for this block trade only published into the public data feeds after a delay.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-35-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-35-2026/Thu, 27 Aug 2026 11:05:27 GMTThe August summer volatility lull was significantly disrupted after an announcement from Treasury Secretary Scott Bessent that the US Treasury would at least double the size of its buyback program for off-the-run longer-dated government bonds.https://insights.deribit.com/exchange-updates/deribit-to-discontinue-daily-proof-of-reserves-publication/https://insights.deribit.com/exchange-updates/deribit-to-discontinue-daily-proof-of-reserves-publication/Thu, 27 Aug 2026 06:37:53 GMTFrom 1 September 2026, Deribit will discontinue its Proof of Reserves page. This decision reflects changes to our wallet infrastructure as part of our ongoing integration with Coinbase.https://insights.deribit.com/exchange-updates/intx-migration-intx-traders-with-existing-deribit-accounts/https://insights.deribit.com/exchange-updates/intx-migration-intx-traders-with-existing-deribit-accounts/Wed, 26 Aug 2026 10:20:02 GMTAs previously announced, Coinbase International Exchange (INTX) is being consolidated into Deribit. This article will explain the migration process for those users who have both an INTX account and a Deribit account, where their Deribit account is using a third party custodian.https://insights.deribit.com/exchange-updates/deribit-options-integrated-on-coinroutes/https://insights.deribit.com/exchange-updates/deribit-options-integrated-on-coinroutes/Thu, 20 Aug 2026 06:27:18 GMTDeribit by Coinbase, the world’s leading crypto options exchange, is pleased to announce that CoinRoutes has added support for Deribit options on its multi-asset trading platform.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-34-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-34-2026/Wed, 19 Aug 2026 08:51:13 GMTThe summer volatility lull continues to weigh on derivatives markets as 7-day BTC at-the-money implied volatility trades around its lowest levels since 2023, in line with a drop in realised volatility which is also at its lowest since September 2025.https://insights.deribit.com/exchange-updates/spot-routing-on-deribit-access-to-coinbase-exchange-liquidity/https://insights.deribit.com/exchange-updates/spot-routing-on-deribit-access-to-coinbase-exchange-liquidity/Mon, 17 Aug 2026 00:11:37 GMTOn 13 August 2026, Deribit began the phased rollout of selected spot pairs routing to Coinbase Exchange (CBE), starting with BNB-USDC. This is the first phase of a broader rollout intended to expand liquidity, asset coverage, and execution quality across Deribit’s spot marketshttps://insights.deribit.com/exchange-updates/contract-specifications-change-for-linear-usdc-perpetuals/https://insights.deribit.com/exchange-updates/contract-specifications-change-for-linear-usdc-perpetuals/Fri, 14 Aug 2026 09:18:57 GMTOn Tuesday 18 August, 2026, after 9 AM UTC - Deribit will implement changes to the contract specifications for Linear USDC perpetuals across both on-screen order books and block trades.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-33-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-33-2026/Fri, 14 Aug 2026 06:56:42 GMTDespite some major macro moves in the form of a joint US-Japan yen-buying intervention operation and a considerably weaker-than-expected nonfarm payrolls report for July, BTC has mostly traded sideways within a tight range of $63K and $65K.https://insights.deribit.com/exchange-updates/new-sm-margin-model-on-deribit/https://insights.deribit.com/exchange-updates/new-sm-margin-model-on-deribit/Wed, 05 Aug 2026 08:56:39 GMTAs part of INTX being consolidated into Deribit, and the many new perpetual instruments this brings with it, Deribit has reworked how the margin requirements are calculated for standard margin accounts.https://insights.deribit.com/exchange-updates/usdc-rewards-available-in-more-countries/https://insights.deribit.com/exchange-updates/usdc-rewards-available-in-more-countries/Fri, 31 Jul 2026 00:03:04 GMTThe number of jurisdictions that are eligible to receive USDC rewards is expanding. As of 1st August 2026, the following countries will also become eligible to receive USDC rewards on Deribit.https://insights.deribit.com/crypto-options-unplugged/episode-120-borrowing-against-bitcoin-is-getting-easier/https://insights.deribit.com/crypto-options-unplugged/episode-120-borrowing-against-bitcoin-is-getting-easier/Fri, 24 Jul 2026 11:00:44 GMTIn this week’s Crypto Options Unplugged, Imran Lakha and David Brickell are joined by Stan Havryliuk, CEO of SATS Terminal, to discuss the rapidly evolving world of Bitcoin-backed lending and why borrowing against Bitcoin may become one of crypto’s biggest growth markets.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-30-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-30-2026/Wed, 22 Jul 2026 20:02:42 GMTSentiment in crypto markets is showing signs of rebounding, demonstrated by both an increase in our Block Scholes Risk Appetite indices, and in options market positioning.https://insights.deribit.com/crypto-options-unplugged/episode-118-the-biggest-institutions-are-finally-going-all-in-on-crypto/https://insights.deribit.com/crypto-options-unplugged/episode-118-the-biggest-institutions-are-finally-going-all-in-on-crypto/Sat, 11 Jul 2026 14:52:23 GMTIn this week’s Crypto Options Unplugged, Imran Lakha and David Brickell are joined by Andrew Theodosiou, Director of Sales at Talos, to discuss how institutional adoption is accelerating and why digital asset infrastructure is rapidly converging with traditional finance.https://insights.deribit.com/exchange-updates/deribit-welcomes-orbit-markets-to-block-rfq-platform/https://insights.deribit.com/exchange-updates/deribit-welcomes-orbit-markets-to-block-rfq-platform/Fri, 10 Jul 2026 21:05:53 GMTDeribit 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.https://insights.deribit.com/crypto-options-unplugged/episode-117-has-the-fed-got-it-wrong-what-it-means-for-bitcoin/https://insights.deribit.com/crypto-options-unplugged/episode-117-has-the-fed-got-it-wrong-what-it-means-for-bitcoin/Mon, 06 Jul 2026 07:21:35 GMTIn this week’s Crypto Options Unplugged, Imran Lakha and David Brickell break down the latest macro developments following the Federal Reserve meeting, examining why markets may have overreacted to the Fed’s seemingly hawkish stance and what falling oil prices, declining inflation expectations, and shifting real yields could mean for Bitcoin and risk assets.https://insights.deribit.com/exchange-updates/new-fee-schedule-on-deribit/https://insights.deribit.com/exchange-updates/new-fee-schedule-on-deribit/Mon, 29 Jun 2026 08:35:15 GMTOver the next few months, Deribit will be getting some serious upgrades, including an expansion of the number of tradable instruments.https://insights.deribit.com/exchange-updates/change-to-inverse-option-delivery-process/https://insights.deribit.com/exchange-updates/change-to-inverse-option-delivery-process/Wed, 24 Jun 2026 19:02:03 GMTBack in April 2026 the delivery process for the linear (USDC settled) options was changed such that they are first physically settled into a futures contract, which itself then settles into cash upon expiration.https://insights.deribit.com/education/hype-options-on-deribit/https://insights.deribit.com/education/hype-options-on-deribit/Tue, 23 Jun 2026 18:57:04 GMTDeribit now has a full suite of HYPE derivatives, including a perpetual future, dated futures, and options.https://insights.deribit.com/crypto-options-unplugged/episode-116-the-evolution-of-bitcoin-defi-prediction-markets/https://insights.deribit.com/crypto-options-unplugged/episode-116-the-evolution-of-bitcoin-defi-prediction-markets/Mon, 22 Jun 2026 19:28:12 GMTIn this week’s Crypto Options Unplugged, Imran Lakha and David Brickell sit down with Andrew Melville, Head of Research at Block Scholes, to explore one of the most important shifts happening in crypto today: the acceleration of institutional adoption and the emergence of prediction markets as a new financial primitive.https://insights.deribit.com/industry/crypto-options-reset-as-macro-support-meets-defensive-positioning/https://insights.deribit.com/industry/crypto-options-reset-as-macro-support-meets-defensive-positioning/Sun, 21 Jun 2026 18:30:29 GMTThe macro backdrop improved as tensions in the Middle East eased, reducing concerns around energy supply disruptions and supporting broader risk assets.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-25-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-25-2026/Wed, 17 Jun 2026 12:57:02 GMTAfter falling below $60K, a level last seen in October 2024, BTC reached a two-week high above $67K.https://insights.deribit.com/exchange-updates/hype-derivatives-launching-on-deribit/https://insights.deribit.com/exchange-updates/hype-derivatives-launching-on-deribit/Tue, 16 Jun 2026 01:55:59 GMTDeribit is launching derivative contracts for HYPE, the native token of the popular decentralised exchange Hyperliquid. Options, dated futures, and a perpetual, will be available for trading on the following schedule:https://insights.deribit.com/crypto-options-unplugged/episode-115-how-wall-street-changed-bitcoin-forever/https://insights.deribit.com/crypto-options-unplugged/episode-115-how-wall-street-changed-bitcoin-forever/Fri, 12 Jun 2026 10:07:03 GMTIn this week’s Crypto Options Unplugged, Imran and David are joined by Jonathan Issan, Co-Head of Crypto Trading at Marex, for an institutional deep dive into how crypto markets have evolved from a retail-driven ecosystem into a mature asset class attracting hedge funds, pension funds, banks, and global asset managers.https://insights.deribit.com/industry/crypto-in-freefall-options-markets-reflect-structural-breakdown/https://insights.deribit.com/industry/crypto-in-freefall-options-markets-reflect-structural-breakdown/Thu, 11 Jun 2026 11:39:29 GMTBTC has retreated to the ~$60K range and is consolidating near cycle lows. The weekly chart opens the door to a test of $50K if current levels fail to hold.https://insights.deribit.com/crypto-options-unplugged/episode-114-bitcoin-treasury-companies-explained/https://insights.deribit.com/crypto-options-unplugged/episode-114-bitcoin-treasury-companies-explained/Thu, 11 Jun 2026 11:27:10 GMTIn this week’s Crypto Options Unplugged, Imran and David are joined by Jamie Knowles, Head of Capital Markets at Smarter Web, for a deep dive into one of the biggest emerging themes in crypto: Bitcoin treasury companies and the financial engineering now driving corporate Bitcoin accumulation.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-24-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-24-2026/Thu, 11 Jun 2026 11:16:57 GMTA near-20% plunge in BTC’s spot price last week has been reflected in a significant drop below 0.05 in our Block Scholes Risk Appetite Index.https://insights.deribit.com/crypto-options-unplugged/episode-113-is-bitcoins-bull-market-broken/https://insights.deribit.com/crypto-options-unplugged/episode-113-is-bitcoins-bull-market-broken/Fri, 29 May 2026 12:41:19 GMTIn this week’s Crypto Options Unplugged, Imran and David are joined by special guest Andreja Cobeljic, Head of Derivatives at Amina Bank, for a wide-ranging discussion on crypto market structure, institutional flows, macro regime shifts, and why crypto still feels stuck despite a structurally bullish long-term backdrop.https://insights.deribit.com/crypto-options-unplugged/episode-112-ai-crypto-the-next-big-shift/https://insights.deribit.com/crypto-options-unplugged/episode-112-ai-crypto-the-next-big-shift/Mon, 25 May 2026 18:39:12 GMTIn this episode of Crypto Options Unplugged, Imran and David break down the macro forces driving crypto markets before diving into a deep conversation with Max Gokhman, Head of Artificial Intelligence and Digital Assets at Franklin Templeton.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-21-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-21-2026/Wed, 20 May 2026 06:53:27 GMTA still elusive peace agreement between the US and Iran to bring a permanent end to the Middle East conflict, higher-than-expected US inflation, and a global selloff in bonds has weighed in on risk sentiment.https://insights.deribit.com/crypto-options-unplugged/episode-111-is-the-ai-bubble-stealing-cryptos-thunder/https://insights.deribit.com/crypto-options-unplugged/episode-111-is-the-ai-bubble-stealing-cryptos-thunder/Wed, 13 May 2026 19:02:20 GMTImran and David explore the recent "slow grind higher" of Bitcoin as it digests overhead supply, contrasting crypto’s low volatility with the explosive, retail-driven gamma frenzy currently fueling AI and semiconductor stocks.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-20-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-20-2026/Wed, 13 May 2026 06:40:04 GMTDespite a US-Iran ceasefire remaining elusive and both sides rejecting peace proposal over the past week, risk-sentiment continues to rise higher.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-19-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-19-2026/Wed, 06 May 2026 09:13:32 GMTWith tensions in the Middle East conflict rising once again, BTC continues to show its resilience having briefly rallied past $81K and ending the month of April up +22%.https://insights.deribit.com/crypto-options-unplugged/episode-109-is-the-80k-wall-unbreakable-for-bitcoin/https://insights.deribit.com/crypto-options-unplugged/episode-109-is-the-80k-wall-unbreakable-for-bitcoin/Thu, 30 Apr 2026 09:21:03 GMTIn this episode, Imran Lakha (Options Insight) and David Brickell (FRNT) dissect a "grindy" market where crypto seems to be falling asleep while equities and semiconductors go parabolic.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-18-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-18-2026/Tue, 28 Apr 2026 12:18:49 GMTA 16% month-to-date rally has pushed BTC towards its highest level since the US-Iran war began. BTC reached a twelve-week high above $79K, driven by nine straight day of Spot ETF inflows as well as $2.8B worth of buying from Strategy.https://insights.deribit.com/crypto-options-unplugged/episode-108-dissecting-cryptos-latest-defi-hack/https://insights.deribit.com/crypto-options-unplugged/episode-108-dissecting-cryptos-latest-defi-hack/Thu, 23 Apr 2026 09:23:06 GMTIn this episode, James Harris, CEO of Tesseract joins Imran and David to discuss the current state of the Defi market.https://insights.deribit.com/exchange-updates/tick-size-update-for-altcoin-perpetuals/https://insights.deribit.com/exchange-updates/tick-size-update-for-altcoin-perpetuals/Wed, 22 Apr 2026 09:08:46 GMTDeribit will implement changes to the tick sizes for 9 altcoin perpetuals. The tick size changes apply to both on screen orderbooks and block trades.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-17-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-17-2026/Tue, 21 Apr 2026 11:39:15 GMTThe headline-driven environment continues to drive spot price action, with BTC briefly rising past $78K, its highest since the onset of the war more than seven weeks ago, last Friday.https://insights.deribit.com/option-flows/option-flow-delta-chase-move/https://insights.deribit.com/option-flows/option-flow-delta-chase-move/Mon, 20 Apr 2026 10:31:08 GMTSignalling by Trump on an imminent Iran solution forced short Calls to cover and push up to higher strikes as BTC breached 78k.https://insights.deribit.com/crypto-options-unplugged/episode-107-crypto-markets-threaten-to-break-the-range/https://insights.deribit.com/crypto-options-unplugged/episode-107-crypto-markets-threaten-to-break-the-range/Thu, 16 Apr 2026 09:42:47 GMTIn this week's episode Imran (Options Insight)and David (FRNT) catch up with a one-to-one conversation.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-16-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-16-2026/Wed, 15 Apr 2026 10:31:49 GMTThe past week has seen the US and Iran reach a conditional two-week ceasefire, a 21-hour marathon negotiation which ended with a failure to bring a permanent end to the war, and now more recently optimistic signs from President Trump that the two sides are on track for another round of negotiations before the two-week deadline expires.https://insights.deribit.com/option-flows/option-flow-gamma-roundtrip/https://insights.deribit.com/option-flows/option-flow-gamma-roundtrip/Tue, 14 Apr 2026 08:13:04 GMTDuring US-Iran negotiations, a range of Call buys were made on ETH, the largest notional being May 3.2k x30k.https://insights.deribit.com/crypto-options-unplugged/episode-106-crypto-vol-depressed-as-yield-strategies-dominate/https://insights.deribit.com/crypto-options-unplugged/episode-106-crypto-vol-depressed-as-yield-strategies-dominate/Thu, 09 Apr 2026 06:52:27 GMTJasper De Maere, OTC trader at Wintermute, joins Imran and Dave. He moved from traditional sales & trading and equity research at Morgan Stanley into crypto research at Outlier Ventures before joining Wintermute’s OTC desk.https://insights.deribit.com/option-flows/option-flow-chasing-upside-hedging-risk/https://insights.deribit.com/option-flows/option-flow-chasing-upside-hedging-risk/Wed, 08 Apr 2026 11:44:18 GMTA fragile truce to parry grotesque rhetoric rallied markets with a sense of relief.https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-15-2026/https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-15-2026/Wed, 08 Apr 2026 08:01:31 GMTVolatility levels remain elevated but less sharply inverted across BTC and ETH options markets compared to one week ago.