SPARK 25: Deribit Scales Crypto Options Infrastructure with Fireblocks
This is what crypto options infrastructure looks like at scale.
Deribit needed to onboard custodians and expand collateral support without months of technical integration for each new relationship.
Luuk Strijers, CEO of Deribit, knew they needed a partner with the security, flexibility, and network to scale faster without compromise. That partner was Fireblocks.
🔐 Full wallet infrastructure across hot, warm, and cold storage
📈 Seamless expansion of collateral and coin support
🌐 Frictionless custodian onboarding through Off Exchange
For exchanges building institutional-grade derivatives platforms, this is what modern infrastructure looks like.
Read the full customer story →https://fblks.co/customer-story-deribit-yt
Key Takeaways:
Operational Efficiency at Scale: How Deribit saved months of integration work per custodian using Off Exchange.
Security Without Compromise: Combining advanced transaction policies with flexible custody configurations across hot, warm, and cold wallets.
Network Effect: Why Off Exchange lets Deribit access new custodians and clients without building individual integrations.
Timecodes:
0:00 – The Hook: Inside the world's largest crypto options exchange
0:45 – The Numbers: $200B monthly volume, 80% market share
1:30 – The Challenge: Scaling custodian integrations without operational drag
2:15 – Choosing Fireblocks: From Solana wallets to full infrastructure
3:10 – Off Exchange: One integration, unlimited custodian access
4:05 – The Foundation: How Fireblocks simplifies expansion
4:50 – Looking Ahead: Coinbase acquisition and product roadmap
About Deribit
Deribit is the world's largest crypto options exchange, commanding approximately 80% of the global market. Founded in 2016 and headquartered in Dubai with a VARA license, the platform processes $150-200 billion in monthly trading volume. Two-thirds of their business focuses on options trading, primarily Bitcoin and Ethereum, with 85% of volume coming from institutional clients. The company operates with approximately 175 employees across Dubai, Amsterdam, Panama, and other global locations. Deribit was recently acquired by Coinbase in August 2025.
About Fireblocks
Fireblocks is the world’s most trusted digital asset and stablecoin infrastructure company, empowering organizations of all sizes to build, manage and grow their business on the blockchain.