The
cryptocurrency derivatives exchange Deribit, has appointed Jean-David Péquignot
as Chief Commercial Officer (CMO). His experience, gained at some of the
world’s largest banks, including Barclays and Westpac, may help the company
strengthen its institutional presence and global market position.
Péquignot,
who brings over two decades of financial sector experience, will oversee the exchange ‘s
global sales and marketing initiatives. The appointment comes as Deribit seeks
to capitalize on the growing convergence between traditional finance and
cryptocurrency markets.
“The
convergence of traditional finance and crypto is opening unprecedented doors in
the derivatives market,” Péquignot said in a statement. “Deribit has
the infrastructure, vision, and expertise to seize this moment and become the
go-to platform for institutions seeking high-quality crypto trading
solutions.”
Prior to
joining Deribit, Péquignot served at OSL for three and a half years, following
senior positions at several major financial institutions including Barclays,
Westpac, and Deutsche Bank. His background spans both traditional finance and
crypto institutional services, positioning him to bridge these increasingly
overlapping sectors.
Luuk Strijers, CEO of Deribit; Photo: X
Based in
Asia, Péquignot will serve as a key member of Deribit’s Executive Committee,
focusing on broadening the platform’s client base and exploring new market
opportunities. The appointment aligns with Deribit’s broader strategy to
enhance its position as one of the leading institutional-grade crypto
derivatives exchange.
“We are
thrilled to welcome JD to our executive team,” said Luuk Strijers, CEO of Deribit. “His
deep expertise and industry connections will be instrumental as we continue to
expand our offerings and strengthen our position in the derivatives market.”
Migration and Buyout
Offers
Deribit,
which operates a cryptocurrency derivatives exchange, provides trading
infrastructure for crypto options and futures contracts. The platform offers
services including price discovery mechanisms, trading execution, and risk
management tools for market participants.
In late
November, the company announced its plan to begin offering spot and derivatives
trading in the UAE starting January 1, 2025, shifting all operations to its
Dubai-based entity. As part of this transition, it aims to transfer $50 billion
in open interest to the Dubai entity.
This
decision followed Deribit FZE securing a license from Dubai’s Virtual Assets
Regulatory Authority (VARA) and relocating its headquarters to the city. The
exchange confirmed that all trading flows and operations will be consolidated
under its Dubai-based entity, which, under VARA’s regulatory framework, will
provide a full suite of services, including spot trading, perpetual contracts,
futures, options, and post-trade activities.
According to a Bloomberg report, the company has also evaluated acquisition proposals from potential buyers. While U.S.-based crypto firm Kraken
explored the possibility of acquiring the options trading platform , it
ultimately did not proceed. Deribit’s estimated valuation falls between $4
billion and $5 billion.
Although no
official plans for a sale have been disclosed, the company acknowledged
receiving interest from investors.
The
cryptocurrency derivatives exchange Deribit, has appointed Jean-David Péquignot
as Chief Commercial Officer (CMO). His experience, gained at some of the
world’s largest banks, including Barclays and Westpac, may help the company
strengthen its institutional presence and global market position.
Péquignot,
who brings over two decades of financial sector experience, will oversee the exchange ‘s
global sales and marketing initiatives. The appointment comes as Deribit seeks
to capitalize on the growing convergence between traditional finance and
cryptocurrency markets.
“The
convergence of traditional finance and crypto is opening unprecedented doors in
the derivatives market,” Péquignot said in a statement. “Deribit has
the infrastructure, vision, and expertise to seize this moment and become the
go-to platform for institutions seeking high-quality crypto trading
solutions.”
Prior to
joining Deribit, Péquignot served at OSL for three and a half years, following
senior positions at several major financial institutions including Barclays,
Westpac, and Deutsche Bank. His background spans both traditional finance and
crypto institutional services, positioning him to bridge these increasingly
overlapping sectors.
Luuk Strijers, CEO of Deribit; Photo: X
Based in
Asia, Péquignot will serve as a key member of Deribit’s Executive Committee,
focusing on broadening the platform’s client base and exploring new market
opportunities. The appointment aligns with Deribit’s broader strategy to
enhance its position as one of the leading institutional-grade crypto
derivatives exchange.
“We are
thrilled to welcome JD to our executive team,” said Luuk Strijers, CEO of Deribit. “His
deep expertise and industry connections will be instrumental as we continue to
expand our offerings and strengthen our position in the derivatives market.”
Migration and Buyout
Offers
Deribit,
which operates a cryptocurrency derivatives exchange, provides trading
infrastructure for crypto options and futures contracts. The platform offers
services including price discovery mechanisms, trading execution, and risk
management tools for market participants.
In late
November, the company announced its plan to begin offering spot and derivatives
trading in the UAE starting January 1, 2025, shifting all operations to its
Dubai-based entity. As part of this transition, it aims to transfer $50 billion
in open interest to the Dubai entity.
This
decision followed Deribit FZE securing a license from Dubai’s Virtual Assets
Regulatory Authority (VARA) and relocating its headquarters to the city. The
exchange confirmed that all trading flows and operations will be consolidated
under its Dubai-based entity, which, under VARA’s regulatory framework, will
provide a full suite of services, including spot trading, perpetual contracts,
futures, options, and post-trade activities.
According to a Bloomberg report, the company has also evaluated acquisition proposals from potential buyers. While U.S.-based crypto firm Kraken
explored the possibility of acquiring the options trading platform , it
ultimately did not proceed. Deribit’s estimated valuation falls between $4
billion and $5 billion.
Although no
official plans for a sale have been disclosed, the company acknowledged
receiving interest from investors.
