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Deribit announced that Orbit Markets has joined its Block RFQ platform, expanding Orbit Markets' role from order book liquidity provision to include pricing for institutional block trades.
Deribit announced that Orbit Markets, already an active liquidity provider on its order book, has joined the Block RFQ platform to offer pricing for institutional block trades. The Block RFQ (Request-for-Quote) system is designed to facilitate large and complex trades by allowing users to request quotes from multiple market makers, supporting up to 20-legged structures, pre-trade anonymity through a blind auction model, and specific risk and margin controls, as outlined in Deribit's official documentation.
Deribit is a cryptocurrency exchange established in 2016 specializing in futures and options trading for assets including BTC, ETH, USDC, SOL, XRP, LUNA, and AVAX. The platform features the TradingView browser terminal with integrated technical analysis tools, supports a mobile app, and offers leveraged trading up to 50x along with various order types. For more details, see the broker profile on Traders Union.
For more background, our earlier news discussed Deribit's launch of 'The Crew Tide' team trading campaign, featuring daily and top-tier rewards for meeting USDC volume goals. For the full story, read the previous Deribit update on Traders Union.