Deribit, a crypto options exchange, has launched a new feature called Block Request-For-Quote (RFQ) interface. This feature allows traders to conduct large over-the-counter (OTC) trades with improved efficiency and liquidity. It enables direct negotiation of block trades without impacting public order books, catering to high-volume traders. The Block RFQ system supports complex trading structures and allows users to combine options, futures, and spot pairs in a single trade. The platform uses a multi-maker model and allows third-party platforms to connect to the Block RFQ system to pool liquidity from multiple sources. This announcement comes shortly after Sygnum Bank expanded its custody platform to include Deribit.



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