Deribit Available Countries

Deribit Available Countries

Deribit is a global cryptocurrency exchange renowned for its worldwide presence and specialization in options and futures trading. As of 2024, the platform is available to users in continents like North America, Europe, Asia, Australia, and Africa, although accessibility varies depending on local legislation. In total, Deribit is available in 161 countries, supports six languages, and accepts deposits in 16 fiat currencies, such as USD, EUR, AUD & CAD.

‍

Deribit Restricted Countries

The exchange is open to a broad range of countries, yet there are particular regions where the platform is completely off-limits. These restricted areas include Canada, Central African Republic, Congo, Cuba, Guam, Iran, Iraq, Japan, Democratic People's Republic of Korea, Libya, Mali, Panama, Puerto Rico, Samoa, Somalia, Sudan, South Sudan, Syrian Arab Republic, United States, Virgin Islands (U.S.) and Yemen. The roster of prohibited jurisdictions is subject to change, so it's advisable to consult Deribit's restricted locations list to verify if the platform is accessible in your location.

‍

Does Deribit Require KYC?

Deribit is setting a new precedent by mandating full verification for all its users by the end of this year, as disclosed by CEO John Jansen to The Block. This move towards a comprehensive Know-Your-Customer (KYC) protocol necessitates that every trader on Deribit provides valid government identification and proof of residence to continue their trading activities.

This initiative aligns with the exchange's efforts to adhere to standard market practices and comes in the wake of similar measures taken by its competitor, BitMEX, amidst regulatory challenges. Deribit's proactive approach, including regular IP access checks to prevent U.S. residents from trading on its Panama-based platform, underscores its commitment to regulatory compliance.

‍

Where is Deribit Located?

Deribit originated in the Netherlands, a country known for its forward-thinking approach to fintech and digital currencies. The exchange has subsequently relocated its operations to Panama, while its parent company, Deribit B.V., continues to have its headquarters in Amsterdam. This strategic location enables Deribit to efficiently cater to its global customer base by providing a reliable, secure, and user-friendly platform for options and futures trading in cryptocurrency.

‍

Closing Thoughts

To wrap up, Deribit is a cryptocurrency trading platform focusing on futures and options. Offering a diverse range of trading instruments, including Bitcoin and Ethereum derivatives, the exchange has a global footprint, serving traders in over 160 countries and supporting multiple languages and fiat currencies. However, it's crucial to note that Deribit is not accessible to traders in the United States and several other jurisdictions due to stringent financial regulations.