Deribit

Deribit is a centralized exchange. Reports $1.3B in 24-hour trading volume across all pairs. Its domain ranks #33,712 on Tranco — the one signal an exchange cannot type about itself. CoinGecko's own trust grade is 7/10.

CustodyCustodial
KYCRequired
RegionPanama
Since2016
Websitewww.deribit.com
24-hour volume$1.3B
Tranco web rank#33,712
Proof of reservesReported to publish, no verified link — a claim with nothing to show, scored 0
Reliability ratio (liquidity / Tranco)9.4× — volume scored at 1/9.4 (1× = the top-ten norm)
Liquidity size (thinner side of the book, ten largest markets, within 1% of mid)$4M across 10 markets · via CoinGecko
Liquidity / volumeliquidity within 1% of mid is 0.07% of daily volume on its top-10 markets; 66% of that volume sits beyond the book (worst BTC/USDC at 0.05%, floor 0.07%) · via CoinGecko — flagged · 1/8.2 of the top-ten norm
Data accessPublic order book, but too shallow to cover ±0.1% of mid
Order-book depth (BTC, 0.1% of mid)$426,286 within 0.1% of mid (floor — book stopped before the band)

Figures from the 25 September 2026 build snapshot. Open the live view for the current rankings.

What the ranking counts

Volume is a claim about a past that left no artifact. An order book is a claim about the present the exchange has to have standing there when you look. Tranco web rank is the one number nobody can type: it counts resolvers in the wild, not anything the venue reports. That is why the ranking uses web rank as the anchor and treats a deep book as a permission to keep a position, not a reason to promote one.