Deribit Spot overview
Decentralized (DEX). Country Panama. Established 2016. Trust rank 39. Reported 24h volume 248.66 BTC.
Coverage: 16 active pairs across 10 tradable assets. Liquidity profile: Moderate. Concentration: Concentrated. Execution quality: Tight. Top ten pairs share 98.6%. Key pairs include BTC/USDC, ETH/USDC, BTC/USDT, USDC/USDT. Leading pair BTC/USDC. Median spread on leading markets 0.08%.
Interpreting coverage and execution quality
Volume mix: USDC is the largest tracked quote currency at about 75.0% of measured flow. Data scope: 16 tickers observed, with spread readings on 16 markets. Trust rank summarizes relative standing among peers, and 24h BTC volume adds context on how active the venue is right now. Coverage is a breadth check, more pairs and assets generally mean more choice when conditions shift. 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. A smaller pair set often means the leading markets drive most outcomes, so focus on the top pairs and spread conditions. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. Spreads are tight on the leading markets, which is co.
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