Registered Partner Program

Deribit now offers a new Registered Partner Program!

 

We have created a new fee schedule to offer the best deal to our industry partners.

 

Partners of Deribit can now make up to 35% of the trading fees, and the partner fees earned will be paid every day at 08:05 UTC to your Deribit account.

 

If you would like to become a Registered Partner and learn more about the detailed fee schedule, please reach out to our BD team.

 

 

Registered Partner Program Terms and Conditions

 

 

Last updated: June 18, 2020

 

These Registered Partner Program Terms and Conditions were prepared in the English language. The English version shall prevail in the event of any conflict, discrepancy or ambiguity between translations.

 

These Terms and Conditions govern the Registered Partner Program that is made available by DRB Panama Inc., a corporation incorporated under the laws of Panama, registered at the (Mercantile) Record No 155684990 in Panama City, Panama (“Deribit”);

These Terms and Conditions represent the whole agreement and understanding (the “Agreement”) between Deribit and the entity who participates in the Registered Partner Program (the "Registered Partner" or “you”).

By using the Registered Partner Program, you acknowledge that you have read, understood, and agreed to these terms and conditions.

The use of our Registered Partner Program is not available for companies located, incorporated or otherwise established in (i) the United States; (ii) Panama; (iii) any other country or area designated as a restricted area on our Website (https://www.deribit.com/pages/information/Restricted_Countries);

1          Definitions

                                    

Registered Partner Fee’ means the commission to be paid by Deribit to Registered Partner for the Services, as set out in paragraph 6 of this Agreement.

 

Bot’ means the Registered Partner’s proprietary brokerage software service in the form of a Telegram and/or application services bot which allows brokerage account holders to create cryptocurrency trades and configure multi-step trade sequences for execution on the exchange of Deribit.

 

Client means: (i) a unique Lead that was referred to Deribit by a Registered Partner, during the term of this Agreement, through a Link; provided that such Client: (a) is over the age of 18 or legal capacity in the applicable jurisdiction; (b) accesses the website of Deribit directly through a Link; (c) has not been a customer of Deribit and/or did not have an account or started registration with the platform of Deribit prior to clicking on the Link; (d) is not located in a restricted area; (e) has been verified and is accepted as a Client of Deribit under any applicable sign-up or identity verification procedure (KYC); (f) has agreed to and accepted the Terms of Service (‘Registered Partner's Client(s)’); and/or (ii) a current Customer of Deribit that uses the Bot on the platform of Deribit (‘Bot Customer(s)‘).

 

Customer’ means a current user of Deribit whether acquired through a Lead or otherwise.

 

Lead means a potential Client who clicks on the Link and has no prior account with Deribit.

 

Link means a unique hyperlink or other linking tools (URL) for referencing Deribit’s domain (www.deribit.com) and/or platform that Deribit provides exclusively to Registered Partner, through which Registered Partner refers Leads to Deribit.

 

        Registered Partner Acceptance

 

            Once you complete an application to become a Registered Partner, Deribit will review your application and notify you whether you have been accepted to participate in the Registered Partnership Program, or not. Before we accept an application, we may want to review your application with you, so we may reach out to you for more information. We may require that you complete certain requirements before we accept your application.

 

3          Term & Termination

 

3.1    This Agreement is effective as of the notification of acceptance in the Registered Partnership Program and shall remain in full force and effect for an indefinite period until terminated by either Party.

3.2    Either Party has the right to terminate this Agreement with five (5) days’ prior written notice to the other party by way of notice by email.

3.3    Either Party has the right to terminate this Agreement for cause by written notice to the other Party with immediate effect, upon the occurrence of any of the following events: (a) any material default or breach by the other Party of its obligations hereunder, which either is incurable by its nature or has not been cured within fifteen (15) days after the breaching Party has received written notice specifying such breach of default; (b) the other Party ceases or threatens to cease doing business in the ordinary course; or (c) in the event that by reason of any order or judgment of government, court or other authority, the continued operation of this Agreement in all its provisions is prevented or delayed for an unspecified period or made impossible or impractical.

 

4          Obligations Registered Partner

 

4.1    Registered Partner is responsible for the marketing initiatives set out in Annex I. Registered Partner is solely liable for the content and manner of such marketing initiatives.

4.2    Registered Partner will prominently incorporate and display the most up to date Links on its website(s). The Registered Partner may not modify the form, location, or operation of any Link unless it receives prior written consent from Deribit to do so. In the event that Deribit determines that its use of any Link does not comply with the terms of this Agreement, Deribit may take such measures to render such Links inoperative.

4.3    Registered Partner will provide a standard API option for Clients and/or Customers to use the Bot on the platform of Deribit.

 

5          Obligations Deribit

 

5.1    Deribit shall provide the Registered Partner with the Link and any assistance in integrating the Link into Registered Partner’s website at no additional costs to Registered Partner.

5.2    Deribit shall offer the Bot service to its Clients and/or Customers through its platform during the term of this Agreement.

5.3    Deribit shall process the turnover generated via the Links and the Bot.

5.4    Deribit shall handle all customer support services related to the use of the platform of Deribit by Clients and/or Customers.

 

6          Registered Partner Fee

 

6.1    The Registered Partner Fee payable shall be as determined in accordance with the Registered Partner Fee Schedule Agreement.

6.2    Deribit shall track the activity of the Clients and Customers for the purpose of calculating the Registered Partner Fee.

6.3     Deribit reserves the right, at its sole and absolute discretion, to change, modify, add or remove, at any time, any criteria applying to any Registered Partner Fees.

6.4    The Registered Partner Fee shall be payable by Deribit to Registered Partner on a daily basis. The Registered Partner Fee will be paid to Registered Partner in Bitcoin (BTC) or Ether (ETH), or Tether (USDT).

6.5     Each Party shall be solely responsible for all taxes due in connection with this Agreement.

 

7          Warranties

 

Each Party hereby warrants and undertakes to the other Party that:

a)     it is duly authorized and empowered to perform its duties and obligations under this Agreement;

b)     it is acting as principal in respect to this Agreement.

 

8          Limitation of Liability

 

No Party shall have any liability under this Agreement, including liability for its own negligence, for damages, losses or expenses suffered by any other party as a result of the performance or nonperformance of such party’s obligations hereunder, unless such damages, losses or expenses are caused by or arise out of the willful misconduct, fraud or gross negligence of such party or a breach by such party. No Party shall have any liability to the other parties for indirect, incidental, or consequential damages that such other Party or any third party may incur or experience on account of the performance or nonperformance of such Party’s obligations hereunder.

 

9          General Provisions

 

9.1    Notwithstanding any other provision contained in this Agreement, Deribit retains the right at any time to amend the provisions contained herein by giving written notice to the Registered Partner. Such amendment shall become effective on the date specified in the notice. Where the Registered Partner continues to provide Services after the date specified on the notice, it will be deemed to have accepted the amendment by conduct. Where the Registered Partner gives the Deribit a written notice that it does not accept such change, Deribit may terminate this Agreement.

9.2    Where any amendment is deemed by Deribit to be necessary or appropriate for the purposes of compliance with any applicable laws and regulations, the Registered Partner agrees, acting at the request of Deribit, to effect such amendments within the timeframe set by Deribit at its entire discretion and as may be necessary or appropriate for this purpose.

9.3    In the case in which the Registered Partner does not agree to any amendment which Deribit considers reasonable or appropriate in accordance with the provisions of clauses 9.1 and 10.2 above, within the period set by Deribit, this Agreement may be terminated by Deribit without further notice.

9.4    Neither party may delegate its duties under this agreement without the prior written consent of the other party.

9.5    Should any provisions of this agreement as a whole or in part become void, invalid, or unenforceable, the validity and enforceability of the other provisions are not thereby affected. Parties agree to replace the void, invalid or unenforceable provisions with a valid and enforceable provision that comes closest to the purpose and intent of the contract to the extent legally permitted. The same applies if there is a gap in the agreement which needs to be filled in.

 

10        Applicable Law & Jurisdiction  

 

10.1    This Agreement is governed by and shall be construed and enforced in accordance with the laws of Panama.

10.2    Any dispute, controversy, difference, claim to arise out of or relating to this Agreement, shall be referred to the competent court of Panama.

 

 

 

Annex I – Registered Partner Marketing Initiatives

 

Registered Partner shall participate in at least three of the following marketing initiatives during the term of the Agreement:

 

(a)    Dedicated posts on social media platforms as used by the Registered Partner.

(b)   Dedicated email newsletter to the customers of the Registered Partner promoting the partnership.

(c)    Dedicated announcement on community chats as used by the Registered Partner (such as Telegram etc.)

(d)   Deribit Logo with a backlink on the Registered Partner's homepage.

(e)   Collaborative efforts in content marketing dedicated to increased customer traffic.