How Deribit Does $500 Million in Real Volume Per Day w/ John Jansen (Ep. 0056)

Flippening - For Crypto Investors

Welcome to this conversation with John Jansen, CEO of Deribit.

Deribit launched in 2016 and is one of the first futures and options crypto exchanges. At the time of this recording, Deribit does half a billion dollars of (real) volume per day.

I should also note that Deribit has completed a “deep data integration” with Nomics.com. With this integration, Deribit receives an A+ crypto exchange rating.

This interview is part of a series of interviews I’m doing with exchange operators. As part of this series, we’ve already interviewed Binance CEO Changpeng Zhao (CZ), Binance CFO Wei Zhou, as well as Ivan Poon from Switcheo, Alex Wearn from IDEX, and Sam Bankman-Fried from FTX.

If you run a top 50 crypto exchange by volume, I want to speak with you as part of this series. Please reach out to set that up.
My conversation with John Jansen is broken up into 5 chapters:
- Chapter 1: What derivatives options and futures are
- Chapter 2: The current state of crypto derivatives exchanges
- Chapter 3: The current state of Deribit
- Chapter 4: Brand differentiation and growth hacking for crypto exchanges
- Chapter 5: An exploration of the future
In this episode we discuss:

• Deribit’s origin story
• How Deribit is funded
• Why most exchange operators don't really use social media
• How leverage changes as your position increases
• How crypto derivatives exchanges differ from derivatives exchanges in traditional finance
• Why more people have started spot exchanges versus derivatives exchanges
• How Deribit differentiates itself from the rest of the market
• How the crypto derivatives space has evolved over time
• Derivatives contracts volume versus spot exchange volume
• Why Deribit attracts institutional investors
• The number of Deribit users
• Deribit’s revenue figures
• Why Deribit uses geofencing
• Deribit’s future developments
• What Mass Quote Protections (MQP) are

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