{"id":16458,"date":"2025-03-06T10:47:19","date_gmt":"2025-03-06T10:47:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16458"},"modified":"2025-03-06T10:47:19","modified_gmt":"2025-03-06T10:47:19","slug":"deribit-launches-block-rfq-system-to-improve-liquidity-for-large-over-the-counter-trades","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16458","title":{"rendered":"Deribit Launches Block RFQ System to Improve Liquidity for Large Over-the-Counter Trades"},"content":{"rendered":"<div>\n<p>Deribit, the leading crypto options exchange, has launched a Block Request-For-Quote (RFQ) interface, allowing traders to execute large over-the-counter (OTC) trades with improved efficiency and liquidity.<\/p>\n<p>The feature, available to all users but tailored for high-volume traders, enables direct negotiation of block trades without impacting public order books, <a href=\"https:\/\/www.prnewswire.co.uk\/news-releases\/deribit-introduces-block-request-for-quote-rfq-interface-for-on-demand-liquidity-302394014.html\" target=\"_blank\">according to a press release<\/a>.<\/p>\n<p>The Block RFQ system supports complex trading structures, allowing users to combine options, futures, and spot pairs with up to 20 legs in a single trade, yet using the system is subject to a higher minimum trade size.<\/p>\n<p>The platform uses a multi-maker model that allows multiple liquidity providers to offer partial quotes rather than requiring all-or-nothing fills, while allowing third-party platforms to connect to the Block RFQ system to pool liquidity from multiple sources, per the release.<\/p>\n<p>Deribit announced the new system shortly after <a href=\"https:\/\/www.coindesk.com\/business\/2025\/03\/05\/sygnum-bank-expands-custody-to-include-leading-crypto-options-exchange-deribit\" target=\"_blank\">Sygnum Bank expanded its custody platform <\/a>to include the derivatives exchange. The trading platform, it\u2019s worth noting, is reportedly in <a href=\"https:\/\/www.coindesk.com\/business\/2025\/02\/20\/crypto-exchange-deribit-still-in-talks-to-be-acquired-by-kraken-source\" target=\"_blank\">talks with Kraken for a potential acquisition<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Deribit, the leading crypto options exchange, has launched a Block Request-For-Quote (RFQ) interface, allowing traders to execute large over-the-counter (OTC) trades with improved efficiency and liquidity. The feature, available to all users but tailored for high-volume traders, enables direct negotiation of block trades without impacting public order books, according to a press release. The Block [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16458","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16458"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16458\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}