Story perspectives

Deribit's RFQ Tool Fuels $23 Billion Trading Surge

6/17/2025

30 4

Summary

Story summary

Deribit's Block Request-for-Quote (RFQ) tool, launched in March, generated over $23 billion in trading volumes within four months.
The RFQ tool facilitates large trades, reducing market price impact and reflecting robust institutional demand.
Monthly RFQ trades surged from $883 million in March to over $6 billion in June, with block trades rising from 17% to 27.5%.
Deribit strengthens its position in the cryptocurrency derivatives market, boosting institutional trading engagement.

1 of 1

Story summary

Deribit's Block Request-for-Quote (RFQ) tool, launched in March, generated over $23 billion in trading volumes within four months.
The RFQ tool facilitates large trades, reducing market price impact and reflecting robust institutional demand.
Monthly RFQ trades surged from $883 million in March to over $6 billion in June, with block trades rising from 17% to 27.5%.
Deribit strengthens its position in the cryptocurrency derivatives market, boosting institutional trading engagement.