What makes Deribit one of the industry's leading platforms for crypto derivatives? Chief Commercial Officer Luuk Strijers gives Qredo's Ben Whitby a detailed look at what Deribit does, including how it structures and manages trades in this fast-moving market. Reacting to Luuk, Ben frames the company’s role as well as anyone: "I don't think the market would operate without [Deribit]." Luuk and Ben also discuss the direct fallout from the meltdown of Three Arrows Capital. Because 3AC was a shareholder, Deribit extended credit to the now-bankrupt hedge fund and is now one of the many creditor-claimants seeking a total of $2.8 billion of redress. "It was a painful lesson learned," Luuk notes. Despite the recent carnage, open interest is growing at Deribit, and he’s optimistic about how its approach will appeal to investors. What about Deribit makes it a favorite trading place for institutions and sophisticated traders? What's next for this thriving crypto options platform? Luuk and Ben address these questions and more in today's episode. Recorded on July 18, 2022.

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