What is Derebit?
Founded with the ambition to create the world's first cryptocurrency options exchange, Deribit officially launched in June 2016 after more than two years of system development. Headquartered in Panama City, Panama, Deribit initially focused on Bitcoin (BTC) trading but has since expanded its offerings to include Ethereum (ETH) contracts, with plans for further currency contract additions. The company has established itself as a key player in the crypto derivatives space, providing sophisticated trading tools for a growing user base.
How much funding has Derebit raised?
Derebit has raised a total of $40M across 1 funding round:
Other Financing Round
$40M
Other Financing Round (2022): $40M with participation from Akuna Capital, 10T Holdings, and QCP Capital
Key Investors in Derebit
Akuna Capital
Akuna Capital, founded in 2011, is a Chicago-based firm specializing in options market making using proprietary technology. Since 2018, they have been an active venture capital investor, focusing on the digital asset space.
10T Holdings
10T Holdings is a growth equity fund that invests in mid-to-late stage companies within the Digital Asset Ecosystem, managing significant assets and aiming to drive innovation in the digital asset arena.
QCP Capital
QCP Capital operates as a Digital Payment Token (DPT) service provider, focusing on the digital asset market and catering to informed and qualified investors, while emphasizing the high risks involved in trading digital payment tokens.
What's next for Derebit?
The recent major strategic investment into Deribit signals a pivotal moment for the company, likely enabling further expansion of its product suite, enhancement of its trading infrastructure, and potential geographical market penetration. As a significant enterprise-level funding event, this capital infusion is expected to bolster Deribit's competitive edge against other derivatives platforms. The company's focus on innovation and its established presence in the crypto market position it for continued growth and influence within the evolving digital asset ecosystem.
See full Derebit company page
