About us

About Us

DERIBIT: THE FUTURES AND OPTIONS EXCHANGE FOR CRYPTOCURRENCIES
Deribit (Derivatives Bitcoin) is a bitcoin-only derivatives exchange for vanilla options and futures trading.

Deribit  is live since June 2016 after several years of development. John Jansen, the original founder teamed up with Marius Jansen, Sebastian Smyczýnski and Andrew Yanovsky. Deribit started as a Bitcoin Futures and Options platform. Soon was realized more services could be offered due to the choices made regarding technology and infrastructure that powers the platform. These choices have resulted in a high availability, high throughput and low latency trading environment. Deribit is is expanding every day as we speak and new cryptocurrency trading products are under development. We have a team of 6 people working on the platform and we run our daily office from Amsterdam (The Netherlands).

John Jansen – CEO
Bitcoin enthousiast. Amsterdam Exchange options trader in 1999. Pilot. Anarcho capitalist.
John heard about Bitcoin for the first time in the summer of 2012 and was hooked to it right from the start. In early 2014 he had the idea to create a cryptocurrency futures and options trading platform. That developed into a futures and options exchange called Deribit.

Marius Jansen – Chief Marketing Officer
Crypto enthousiast. Liberalist. Italian food & wine lover.
Marius also heard about Bitcoin in the summer of 2012 and not much later he bought his first Bitcoins on MTGox. Since then he knew he had build something around cryptocurrencies, but at the time he was still running a different business. In May 2017 he left his core business to join the Deribit team on a daily basis.

Sebastian Smyczýnski – Chief Technology Officer
Master of Science in Mathematics. Computer scientist. Tango dancer.
Sebastian is conducting workshops of functional programming and advanced C++ at the Faculty of Mathematics and Computer Science. He learned the Erlang programming language specifically for the Deribit project and mastered it within a week. In the evenings, Sebastian loves to dance the Tango.

Andrew Yanovsky – Lead Developer
PHD Theoretical Physicist. Cryptography enthousiast. Cat & dog fan. Loves to travel.
Andrew gets challenged by complex tasks and was already into Erlang before he got pulled into the Deribit project. He used to work as a freelance software developer, but is now fully dedicated to the Deribit Exchange development.

About the platform

Deribit has been created as an answer to those in search of a professional fully dedicated (vanilla) cryptocurrencies futures and options trading platform. A service that can create a fully liquid marketplace with the same standards as a traditional derivatives market. In our view, Deribit is the most important proposition that was missing to the cryptocurrencies trading ecosystem; a low latency ultra scalable platform that can potentially handle hundreds of thousands of traders in real time without reducing performance.

Technology

In order to secure normal  exchange standards, the system has been in development for more than 2 years to assure extreme performance. Entire framework of the platform has been developed in Erlang which assures the ability to handle very large numbers of requests with ultra low latency (<1ms). There is simply no other platform available that can guarantee similar performance.

“Erlang is a programming language used to build massively scalable soft real-time systems with requirements on high availability. Some of its uses are in telecoms, banking, e-commerce, computer telephony and instant messaging. Erlang’s runtime system has built-in support for concurrency, distribution and fault tolerance.”

We developed our own matching engine from scratch and all of our technology is proprietary. We chose to build it in Erlang because of the scalability. We believe in Bitcoin and cryptocurrencies so we believe there needs to be a platform that can handle large amounts of very active users at the same time, because at the end of the day what good is a platform if in times of high volatility it becomes unavailable? Traders deserve better than a platform that has everything under the sun but keels over at the first signs of market stress.

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