As the trading volume of Deribit's RFQ (Request for Quote) tool exceeds 23 billion dollars in 4 months, interest from institutional investors is rapidly increasing.
Cryptocurrency derivatives exchange Deribit has quickly found success with its Block Request-for-Quote (RFQ) tool, which it launched in March. The system, which is met with great interest especially from institutional investors, enables large-scale transactions to be carried out off-the-counter and at lower costs. The RFQ system has reached a total trading volume of over $23 billion since March, clearly demonstrating institutional demand.
This system allows institutions that want to make large transactions to obtain the best price quotes from market makers without negatively impacting market prices. The proportion of block transactions conducted through RFQ is also steadily increasing. This ratio, which was 17% in April, rose to 21% in May, and reached a significant level of 27.5% in the first half of June.
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Deribit CEO Luuk Strijers stated that the system directly targets the needs of professional investors. Strijers said, "Thanks to the Block RFQ system, multi-legged complex strategies, high-volume transactions, and pricing competition come together. This situation provides better prices and more efficient trading opportunities for institutions."
The RFQ system provides price efficiency, especially for institutions conducting large volume transactions, and offers the best quotes by leveraging competition among market makers. The system, which stands out with transaction anonymity, partial quotes, and low-risk advantages, also indicates that Deribit is gaining strength in the institutional market.
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Institutional Bitcoin Investors Are Flocking Here: Reached 23 Billion Dollars in 4 Months! - Coin Bulletin
As the trading volume of Deribit's RFQ (Request for Quote) tool exceeds 23 billion dollars in 4 months, interest from institutional investors is rapidly increasing.
Cryptocurrency derivatives exchange Deribit has quickly found success with its Block Request-for-Quote (RFQ) tool, which it launched in March. The system, which is met with great interest especially from institutional investors, enables large-scale transactions to be carried out off-the-counter and at lower costs. The RFQ system has reached a total trading volume of over $23 billion since March, clearly demonstrating institutional demand.
This system allows institutions that want to make large transactions to obtain the best price quotes from market makers without negatively impacting market prices. The proportion of block transactions conducted through RFQ is also steadily increasing. This ratio, which was 17% in April, rose to 21% in May, and reached a significant level of 27.5% in the first half of June.
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Deribit CEO Luuk Strijers stated that the system directly targets the needs of professional investors. Strijers said, "Thanks to the Block RFQ system, multi-legged complex strategies, high-volume transactions, and pricing competition come together. This situation provides better prices and more efficient trading opportunities for institutions."
The RFQ system provides price efficiency, especially for institutions conducting large volume transactions, and offers the best quotes by leveraging competition among market makers. The system, which stands out with transaction anonymity, partial quotes, and low-risk advantages, also indicates that Deribit is gaining strength in the institutional market.