If you use the Deribit Referral Code “20121.8993” when creating your account, you instantly unlock a 10% discount on all trading fees, giving you a meaningful cost advantage from day one. Whether you’re trading Bitcoin or Ethereum options, futures, or perpetual contracts, this discount helps reduce your overall trading expenses — especially valuable for active traders who place frequent or multi-leg orders. Deribit is widely known as the world’s leading crypto derivatives exchange, offering deep liquidity, professional-grade tools, and a clean, fast interface that appeals to both beginners and experienced traders.
By starting your journey with a discounted fee structure, you can explore its advanced products, test strategies, and scale your trading activity more efficiently. In this article, we’ll walk through everything you need to know about Deribit, its referral and affiliate program, verification process, product features, support quality, and why it remains the top choice for crypto options and futures traders across the globe.
Deribit is one of the world’s largest and most advanced cryptocurrency derivatives exchanges, specializing in options, futures, and perpetual-swap contracts for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
Originally launched in 2016, Deribit has grown significantly and now serves traders globally, with institutional-grade infrastructure, deep liquidity, and advanced risk-management systems.
Because of its maturity, reliability, and broad product offering, Deribit remains a go-to exchange for derivatives trading — whether you want to hedge, speculate, or implement advanced strategies.
Why Deribit Is Known as the World’s Largest Crypto Options and Futures Exchange
Deribit has earned this title because it consistently handles the highest global trading volume and open interest in Bitcoin and Ethereum options compared to any other crypto derivatives platform. Its deep liquidity, professional-grade infrastructure, and strong institutional participation make it the dominant marketplace for crypto options and a major player in futures trading.
Unmatched Trading Volume and Open Interest
Deribit leads the industry in terms of:
Daily options trading volume
Total open interest (OI) across BTC and ETH options
Number of active traders using advanced derivatives products
This high activity ensures tight spreads, faster fills, and better pricing—benefits essential for both retail and institutional traders.
Institutional-Level Liquidity and Reliability
Large financial institutions, market makers, hedge funds, and experienced retail traders rely on Deribit due to:
Ultra-fast execution
Low latency order matching
A stable and optimized derivatives engine
This infrastructure supports massive trading activity without performance drops.
Leader in Crypto Options Innovation
Deribit pioneered many key features that shaped the crypto-options landscape, including:
European-style, cash-settled options
Multiple expiries (daily, weekly, monthly, quarterly)
Advanced risk-management tools
Robust margining systems
These innovations helped the exchange attract professional traders looking for a mature derivatives environment.
Comprehensive Futures and Perpetual Contracts
Beyond options, Deribit also offers:
BTC and ETH futures
Perpetual swap contracts
Various contract sizes for different trader levels
This makes Deribit a complete hub for derivatives trading, not just options.
A Global Hub for Both Retail and Advanced Traders
Whether you’re:
Testing simple hedging strategies
Running volatility trades
Managing institutional portfolios
Using multi-leg options strategies
Trading futures for momentum or hedging
Deribit’s ecosystem supports every style of derivatives trading.
Deribit Referral Code and Affiliate Program
One of the benefits of Deribit is its referral/affiliate program. By using a referral code — such as “20121.8993” — new users get a discount (10%) on trading fees. This makes joining and trading on Deribit more cost-effective, especially for frequent traders.
The Deribit affiliate program is designed to reward both the referrer and the referee: the new user enjoys lower fees, and the referrer receives a share of commission or fee revenue generated by the referee (depending on Deribit’s specific affiliate structure at the time). Many traders use referral codes to reduce costs or get extra benefits when starting.
Using a referral code is simple: apply the code at sign-up or in the “referral/affiliate” field during registration. Then, once trading begins, the fee discount becomes effective.
How to Start with Deribit — Registration, Verification & KYC
Easy Registration
Getting started on Deribit is relatively straightforward. You typically register with an email address and create a password — making it accessible even to beginners.
KYC / Deribit Verification
Deribit performs customer due diligence (CDD) and identity verification (KYC) measures to prevent money laundering and unauthorized use.
Depending on your region and the products you wish to use, Deribit may require you to complete KYC before you can engage in certain activities (like higher withdrawal limits or institutional-level tools).
For many users, particularly those trading derivatives, this KYC process helps ensure a safer trading environment — protecting both the user and the platform.
Products Offered on Deribit: Options, Futures, Perpetuals, and More
Options on Deribit
Deribit’s flagship products are options — primarily for BTC and ETH. Options on Deribit are European-style, cash-settled contracts. That means they can only be exercised at expiry, not earlier.
When an option expires—assuming it’s “in the money”—profits are paid out in cash. If the option expires worthless, the buyer loses only the premium paid. This structure appeals to traders who want to limit risk (the premium paid) while retaining potential upside — a significant advantage over leveraged futures or perpetuals
Futures and Perpetual Contracts
Beyond options, Deribit also offers futures and perpetual-swap contracts (sometimes with high leverage), giving traders flexibility depending on their strategy: short-term trades, hedging, long-term speculation, or volatility plays. Perpetual contracts don’t expire — they are marked to market daily, offering another alternative for those who prefer trading without worrying about expiry.
Product Range, Leverage, and Liquidity
Deribit supports both inverse and USDC-settled products (depending on the contract type and underlying). The platform is known for deep liquidity, fast matching, and robust infrastructure — making it suitable for both small retail traders and large institutional players.
Deribit Options Expiry Time & How It Works
Understanding how expiry works is crucial when trading options or futures on Deribit. Here’s how it works:
- Options on Deribit are European-style and cash-settled at expiry. For typical monthly (or weekly) derivatives, expiry happens at 08:00 UTC on the specified expiry date, based on the official delivery price calculated using a 30-minute time-weighted average price (TWAP) of the relevant Deribit index.
- For shorter-dated “daily options,” Deribit offers options that expire every day — these are useful for traders with short-term views.
- Because of these predefined expiry times, many traders plan strategies around monthly, weekly, or daily expiries, depending on their trading horizon and risk tolerance.
Given the regular, scheduled expiries and large volume of contracts expiring at the same time, expiry events can sometimes lead to higher volatility in the underlying crypto assets.
Why Traders Use Deribit — Best UI, 24/7 Support, Wide Range of Strategies
There are several reasons why Deribit appeals to all types of traders — from beginners to professionals:
- Open to every type of trader: Whether you’re just starting out or are a seasoned pro, Deribit offers products and tools suitable for many trading styles: options, futures, perpetuals, daily/weekly/monthly expiries.
- Flexible strategies: Because of the product range, traders can use Deribit for hedging, speculation, directional bets, volatility plays, or hedging existing crypto holdings.
- Best UI & trading experience: Deribit’s interface — whether on web or its mobile app — is designed to make trading approachable, with fast order execution, real-time market data, options chains, and various order types
- Deep liquidity & professional-grade infrastructure: Deribit operates with low latency, advanced risk controls, and high liquidity — critical factors for traders executing large or complex orders. 24/7 support: The platform provides customer support to assist users with account issues, trading questions, or technical problems — making it easier for traders in different time zones or non-standard working hours. Because of these features, Deribit attracts a diverse user base — retail traders, advanced speculators, and institutional players alike.
Deribit Status & Recent Developments
Deribit continues to evolve. As of 2025, it remains the global leader in crypto options by volume and open interest.In a significant development, Deribit was acquired by Coinbase in 2025 — strengthening its institutional footing and integrating its advanced derivatives infrastructure with Coinbase’s broader crypto ecosystem.
This acquisition aims to make Deribit part of one of the most comprehensive global crypto-derivatives platforms — potentially bringing more product diversity, enhanced compliance, and better support for traders worldwide.
How to Use Deribit referral code "20121.8993" : Step-by-Step Guide to Using Deribit
- Sign up—visit Deribit’s website and register an account using your email. Include the referral code “20121.8993” at registration to get your 10% trading-fee discount.
- Complete Verification/KYC — submit necessary identity documents if required by your region for full account functionality.
- Deposit funds — deposit supported cryptocurrencies (e.g. BTC, ETH, or stablecoins depending on contract) to fund your account.
- Choose a product — decide whether you want to trade options, futures, perpetuals, or daily options based on your strategy and holding period.
- Select expiry & contract — for options, choose a strike price and an expiry date (daily, weekly, monthly). For futures/perpetuals, choose the leverage and contract terms.
- Place your trade — use Deribit’s trading UI to place limit or market orders. The order book, charting tools, and real-time data help you make informed decisions.
- Manage risk — monitor margin levels, open interest, and expiry times. Understand that options expire at fixed times (e.g. 08:00 UTC) and are cash-settled.
- Withdraw profits or holdings — when you close trades or options expire, you can withdraw funds, subject to any KYC/withdrawal limits in your jurisdiction.
Starting with Deribit is fairly accessible, yet powerful — giving traders a versatile and robust platform for derivative trading.
Conclusion
Deribit stands out as the world’s leading platform for trading crypto options and futures, offering unmatched liquidity, advanced tools, and a user-friendly interface suitable for every type of trader. Whether you’re exploring simple strategies or managing complex, multi-leg options structures, Deribit provides the reliability, speed, and flexibility needed to trade confidently. By using the Deribit referral code “20121.8993”, new users can instantly enjoy a 10% discount on trading fees, making the start of their trading journey more cost-efficient and rewarding. This fee reduction is especially helpful for active traders who aim to maximize profit while minimizing costs.
Visitors can also get the same discount directly from the official Deribit website, ensuring that everyone has easy access to lower trading fees and a smoother entry into the world of crypto derivatives. If you’re ready to explore high-performance trading with industry-leading tools, Deribit is an excellent place to begin.
Frequently Asked Questions FAQs
- What is the “Deribit referral code” and how does it work?
The Deribit referral code is a special code (like “20121.8993”) you enter during account registration. It grants you a 10% discount on trading fees as long as you trade on the platform. - Is the “Deribit Promo Code” different from the referral code?
No — “Deribit Promo Code” is often used interchangeably with “Deribit referral code.” Using the promo code gives the same benefits: fee discount or referral-based incentives. - Do I need KYC/verification to use Deribit?
Yes — Deribit conducts customer due diligence (CDD) and identity verification. Depending on where you are and the products you use, KYC might be required before you can trade or withdraw funds. - What kinds of products does Deribit offer?
Deribit offers European-style options, futures, perpetual contracts, and in some cases USDC-settled contracts. Main underlyings are Bitcoin (BTC) and Ethereum (ETH). - How does options expiry work on Deribit?
Options on Deribit expire at a predetermined time (often 08:00 UTC for weekly/monthly contracts), and are cash-settled. Daily options — if listed — expire every day. - Can I withdraw crypto or fiat from Deribit easily?
You can withdraw supported cryptocurrencies (like BTC or ETH) — but withdrawals may depend on your verification/KYC status and compliance with Deribit’s policies. - Is Deribit suitable for beginners or only for experienced traders?
Deribit caters to both. Beginners can start with simple options or small trades, while advanced traders or institutions benefit from deeper liquidity and advanced tools. - What’s “Deribit status” — is the exchange reliable and active?
Yes — Deribit remains among the top crypto derivatives exchanges worldwide. It boasts high open interest, huge volume, and is now part of Coinbase, which enhances its credibility and infrastructure. - What about Deribit support and customer care?
Deribit offers customer support to address issues related to account, trading, withdrawals, or technical problems — available to users around the clock. - Why do many traders prefer Deribit over other exchanges?
Because of its deep liquidity, robust infrastructure, advanced products (options, futures, perpetuals), a user-friendly interface, flexible strategies, and — for many — the ability to start trading with a discount using a Deribit referral/promo code.
