Deribit launched the Block RFQ system to improve liquidity for large over-the-counter trading

The derivit, the leading crypto option exchange, launched a block-for-quote request interface (RFQ), allowing entrepreneurs to conduct a large over-the-counter (OTC) trading with improved efficiency and liquidity.

This feature, available to all users but according to high-volume entrepreneurs, enables direct conversations of trading blocks without affecting public order books, According to a press release.

The Block RFQ system supports complex trading structures, allowing users to combine options, futures, and areas of up to 20 legs in a single trade, but the use of the system is subject to a higher minimum trading size.

The platform uses a multi-maker model that allows many liquidity providers to offer slight quotes instead of asking for everything-or without fill, while allowing third-party platforms to connect the RFQ block system to pool liquidity from many sources, each release.

Deribit announced the new system shortly Sygnum Bank has expanded its careful platform to include derivatives exchange. The trading platform, it is worth remembering, has already been reported Talks to Kraken for a potential acquisition.