Is Deribit regulated?

Yes, Panama laws regulate Deribit as a corporation. Where applicable, Deribit also follows the local laws of its supported user base. For example, certain countries require higher levels of users’ personal information, which is the ‘Know Your Customer’ (KYC) requirement. The platform bans users from certain countries or governing jurisdictions because of difficulties with local regulations. This includes the United States and Ontario, Canada. Therefore, Deribit reviews mentioning US support are out of date.

Where is Deribit located?

Deribit is located in Panama City in the country of Panama. Original Dutch parent company Deribit B.V., registered it as a subsidiary corporation, DRB Panama Inc.The company also has important server infrastructure located in London, UK, for their client-hosted solutions.

Can you use Deribit in the US?

No, strictly speaking, if you are located in the United States, it’s against Deribit’s terms of service to use the platform. This is because of the USA’s tight regulatory rules for cryptocurrency exchanges and related services.A look at user Deribit reviews reveals that some US residents are flouting the rules and still using Deribit. Users provide misleading personal details and utilize a proxy or VPN service to make it look like they’re accessing the site from another country.You risk an account ban if using this method. It’s also much more difficult since the introduction of ID documents. Under the KYC system, Deribit even reserves the right to immediately liquidate your open positions if you access the site from the United States.

How does Deribit make money?

As noted in this Deribit review, the company makes its money by charging numerous fees for carrying out transactions via its exchange. In essence, it takes a small commission for every movement, so it does not have to charge membership, deposit, or withdrawal fees. Furthermore, some of its own holdings will also be in fiat and interest-bearing.

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