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BP Bitpanda VS DB Deribit
These two exchanges don't share an obvious product overlap. Differences below come from our individual reviews of Bitpanda and Deribit.
| Bitpanda | Deribit | |
|---|---|---|
| Founded | 2014 | 2016 |
| Regions | Available across the European Economic Area under EU passporting from its Austrian licenses; not built for or targeted at US customers, and unavailable in a number of non-EU markets. | Not available to US persons directly; as of September 2026, eligible US users can reach Deribit's order books through Coinbase Financial Markets as a regulated intermediary. Broadly available elsewhere, subject to Deribit's own jurisdictional restrictions. |
| Products | Spot | Options, Perpetual futures, Dated futures, Combo/spread orders |
| Maker fee | Not yet verified | Not yet verified |
| Taker fee | Not yet verified | Not yet verified |
Bitpanda pros
- One account covers crypto, stocks, ETFs, and precious metals, a genuinely different positioning than a crypto-only exchange
- Multiple MiCA licenses issued directly by Austria's FMA, plus prior approvals in Germany and Malta
- Broad, mainstream fiat rail support (SEPA, cards, Apple Pay, PayPal) with fee-free deposits over a low minimum
- Large, long-running user base (7.4 million registered users as of the end of 2025) with over a decade of operating history
Deribit pros
- The dominant global crypto options venue by a wide margin, holding roughly half of all Bitcoin and Ethereum options volume and an even larger share of Bitcoin options specifically
- Purpose-built options infrastructure (combo orders, a full volatility surface, portfolio margining) that generalist exchanges bolting on an options tab don't match
- Backed by Coinbase's balance sheet and compliance infrastructure since the August 2025 acquisition, addressing a long-standing question about counterparty durability at a derivatives-only exchange
- Keeps roughly 99% of user funds in cold storage with third-party custody (Fireblocks, Cobo) for the operational portion, and covered a 2022 hot-wallet loss entirely from company reserves rather than user funds
This table is generated from the same data behind our individual exchange reviews. See methodology for how it's put together. Fee figures marked "not yet verified" need confirming against live terms before this page is treated as launch-ready.