What is Deribit Derivatives Exchange?
Deribit Derivatives Exchange, a derivatives exchange based in the Netherlands, was launched in 2016. The exchange offers Bitcoin futures with up to 100x leverage. However, it does not offer derivatives trading in any other cryptocurrency than Bitcoin. In January 2020, Deribit announced that it will move its operations from the Netherlands to Panama to avoid the mandates of the coming Fifth Anti-Money Laundering Directive (AML 5). The platform will be run by a Panama-based subsidiary of the Dutch Deribit B.V., starting 10 February 2020.