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Compare market positioning with top industry peers
Explore Deribit
Core profile pages, annual revenue records, and related research hubs for this company.
Founders
· Founded 2016 · Dubai, United Arab Emirates
In 2012, John Jansen, a veteran Dutch derivatives trader who had spent years in the high-stress trading pits of the Amsterdam European Options Exchange (now Euronext Amsterdam) trading index and equity options, discovered Bitcoin. Jansen immediately recognized that Bitcoin's unprecedented volatility made it the ultimate asset for options trading: traditional equities moved 1% or 2% a week, while Bitcoin routinely swung 20% in an afternoon. However, when Jansen looked for a platform to trade crypto options, none existed. The few platforms offering Bitcoin futures were primitive and lacked the complex risk management engines required for options Greeks (Delta, Gamma, Vega, Theta). In 2014, John teamed up with his brother Marius Jansen, an experienced international business executive, and Luuk Stappers, an elite computer science graduate and distributed systems engineer. Bootstrapping the company with €500,000 of personal savings and angel capital from fellow Dutch options pit veterans, they spent two years in an Amsterdam office building Deribit (a portmanteau of 'Derivatives' and 'Bitcoin'). In 2016, Deribit officially launched. Initially handling only a few dozen Bitcoin contracts a day, Deribit's reputation exploded in 2017 as global quantitative hedge funds discovered its sub-millisecond matching engine and Black-76 pricing models. By 2019, Deribit had swallowed virtually the entire global crypto options market, rendering competitors completely irrelevant through the sheer power of liquidity density.
Deribit was founded in 2016 by John Jansen, Marius Jansen, Luuk Stappers in Dubai, United Arab Emirates.
The founders established Deribit with the objective of solving core inefficiencies in Cryptocurrency Options, Institutional Derivatives Exchange, Volatility Products & Market Infrastructure, laying the foundation for its current global scale.
Even as Deribit scales to $215M, the organization maintains the founders' commitment to innovation and customer-centric execution.