Analytical Tone for Institutional Audience
Deribit’s RFQ System Gains Traction, Driving $23B in Volume and 27.5% of Block Trades
The shift toward institutional-grade infrastructure in crypto continues to gather pace as Deribit’s Block Request-for-Quote (RFQ) tool crossed $23 billion in volume since its March launch, now accounting for 27.5% of all block trades on the platform.
Designed to meet the execution needs of professional traders, the RFQ platform allows participants to source quotes for large or complex trades — including options, futures, and spot legs — in a private, competitive environment. Multiple market makers respond with quotes, enabling traders to lock in efficient pricing without triggering public order book slippage.
“Block RFQ is addressing a real need in crypto markets — scalable execution with reduced information leakage,” said Luuk Strijers, CEO of Deribit. “This has become essential as institutions increasingly allocate capital to digital assets.”
Monthly volumes reflect accelerating adoption:
- March: $883M
- April: $6.3B
- May: $9.8B
- June (to date): $6B+
With features like multi-leg quoting, partial fills, and quote competition, Deribit’s RFQ offering positions the exchange as a leading venue for non-disruptive, high-volume execution in crypto derivatives.
