Re: Deribit moving to panama and adding KYC due to regulation
They will still allow accounts where no government ID is required (restricted to 1 BTC per day withdrawal), but they'll be collecting name, DOB, address, and country of residence and using Jumio to verify.
Seems a little favorable for traders who have small BTC volumes in the exchange. I personally wouldn't feel pressured to fulfill the KYC requirements with that withdrawal limit though it's lower than that for most exchanges.Right now i still use Bitmex and Bybit which are good options.
Out of curiosity thou, how is Liquidity in Deribit compared to bybit?
I can't say from personal experience since I haven't tried Bybit.
Deribit only clocks in at 1/10th of Bitmex's volume but the liquidity ratio is much better than that. Slippage is minimal. I've never had a problem getting orders as large as 25+ BTC filled very quickly.
Based on Bybit's history and their open interest vs. volume ratio, I suspect Deribit's volume/liquidity are more reliably real. I don't trust Bybit's reported volume numbers or market depth.