Crypto Derivatives Exchange Deribit Launches Their Roadmap For 2019
Popular crypto futures and options exchange informed their users on the roadmap for 2019.
— Deribit (@DeribitExchange) March 27, 2019
Deribit is a web-based platform which offers trading services for futures and options on Bitcoin. It was established in 2016 by CEO John Jansen, with its headquarters in Amsterdam, Netherlands. Deribit exchange is among the few exchanges which offer Bitcoin options and bitcoin futures. It also offers an insurance fund which is a reserve of BTC that can be used in the eventuality a trader goes bankrupt. Deribit allows you to leverage as high as 1:20. Although, no altcoins are available.
2019 Roadmap Highlights
Even though the second version of the UI was recently launched, the developers were hard at work to launch the third variant. In the new version, users have the ability to fully customize the layout, even giving them the ability to resize almost all the elements of the trading screen. Additionally, the team has confirmed that they are going to be adding a depth chart and giving users the ability to view recent trades, current positions, order books, and order forms without changing or opening new pages.
Block Trade Functionality:
Large transactions between two parties are enabled through this. When both the candidates agree on a price the order is transferred to the order book. This makes privately executable trades easier.
Mass Quote Protection:
The Mass Quote Protection functionality is designed to prevent rapid fire trade executions resulting from Participant Mass Quotes. Participants will have the ability to use the MQP functionality for all underlying Contracts. Mass Quote Protection is optional for Futures Participants and Authorized Customers. It benefits 2 participants to transact without revealing their identities to each other, or to any third party.
Many prominent companies are making it a point to educate their users not only their product but their industry too. In the near future, the company aims to add these functionalities to their product.
The Debris team concludes by saying:
“With these upcoming features and continued development Deribit intends to remain at the forefront of the crypto derivatives market by giving traders all the tools they need.”
“And it’s not just the platform itself that is being improved. The Deribit team is also continuing to expand, providing support in more languages, expanding into new markets and developing strategic partnerships and integrations with other companies and software providers.”