BitMEX versus Deribit: Liquidation insurance fund comparisons
Messari broke down the growth of liquidation insurance funds for both BitMEX and Deribit. BitMEX, founded in 2016, is one of the largest derivatives platform in crypto, definitely the largest retail-focused platform. Deribit is a slightly newer competitor targeting the same trading demographic. In the chart below, the first year, year-to-date, and past year of growth for the platforms’ respective insurances funds are analyzed. One notable data point is the starting balance for each fund (denominated in dollars) relative to their current balance and per cent growth.
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