Market snapshot for Deribit
Decentralized (DEX). Country Netherlands. Established 2014. Trust rank 402.
Coverage: 20 active pairs across 18 tradable assets. Liquidity profile: Low. Concentration: Diversified. Execution quality: Competitive. Key pairs include BTC/USD, ETH/USD, ETH/USDC, BTC/USDC.
Interpreting coverage and execution quality
Volume mix: USD is the largest tracked quote currency at about 91.8% of measured flow. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread summarizes typical distance between bid and ask on the most active books and is a useful proxy for execution friction. With a compact set of pairs, most activity tends to funnel into the leaders, so the top pairs list becomes especially important. To evaluate fit, use coverage, concentration, spreads, and the leading pairs list together, especially if you rely on fast fills.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy