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133 Review
173.5 Karma

Review on Deribit by Ali Huseynov

Revainrating 4 out of 5

A good platform for those new to using the exchange

Deribit was founded in 2016 in the Netherlands. People's interest in this exchange is growing virtually every day, thanks to its five years of expertise and ability to maintain excellent customer satisfaction. Deribit's daily transaction volume is likewise impressive, with over 1 million users. The exchange's daily trading volume is larger than that of many other exchanges, indicating how active the exchange's users are.

Deribit, a derivatives exchange, has gained popularity among clients due to its ease of use. In fact, I recommend this exchange to those who are just getting started with cryptocurrencies and have no prior expertise. The exchange's frequent events and the value of these events demonstrate that the exchange is really implementing great plans, since the exchange has seen a significant rise in consumers as a result of the events. Deribit exchange may be managed using both a mobile app and a website.

Furthermore, both the application and the website have a really good design. As we can see, the exchange has many positive aspects, but I believe it also has negative aspects. Deribit only has two trading pairs, which is a lot. I believe that adding new trading pairs to the stock market would improve consumer happiness and increase the number of users.

Pros
  • Both the app and the website are really simple to use.
  • It's the ideal location for those who aren't sure how to use exchanges.
  • The trade volume is fairly significant on a daily basis.
Cons
  • There are just two trading pairs available.

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