Kraken vs Deribit: Como estas exchanges de cripto se comparam

When selecting a crypto exchange, finding the platform that is right for your goals and trading style is important, especially as features, risk-profiles, customer support and product depth vary widely across providers.

As a globally-reconized brand, Kraken emphasises full-suite access, regulatory clarity and user-friendly infrastructure. Deribit targets high-performance derivatives trading, deep options and futures markets, and advanced tools.

This article unpacks core differences across product sets, transparency, fees, security and asset availability, to help you decide which exchange best fits your goals.

Fundada em 2011 nos Estados Unidos, a Kraken está entre os nomes mais antigos e estabelecidos na indústria de criptomoedas. Lançada menos de dois anos após a estreia do Bitcoin, a exchange ganhou reconhecimento global pelo seu forte foco em segurança, transparência operacional e uma experiência de utilizador de alta qualidade.

Hoje, a Kraken serve mais de 15 milhões de clientes em mais de 190 países. As suas ofertas variam desde a plataforma principal Kraken para investidores individuais, até plataformas de negociação completas e poderosas para traders avançados e institucionais através da plataforma Kraken Pro e da aplicação Kraken Desktop.

A suite institucional da Kraken abrange mercados à vista (spot), de margem, de futuros, staking e negociação OTC para clientes qualificados. A Kraken também investe fortemente em educação através do Kraken Learn, apoiando traders novos e experientes.

Com sede em Wyoming, a Kraken destaca o seu compromisso com a responsabilidade através de Provas de Reservas regulares, uma prática que introduziu na indústria em 2014. Foi também a primeira crypto exchange a ser listada no Bloomberg Terminal, ajudando a preencher a lacuna entre as finanças tradicionais e os ativos digitais.

Com licenças regulatórias em mercados-chave, incluindo os EUA, Canadá, Reino Unido, UE e um histórico de assistência em casos como os pedidos de credores da Mt. Gox, a Kraken construiu uma reputação de operações estáveis e conformes, o que a torna um destino de confiança para quem procura uma crypto exchange segura e duradoura.

Launched in 2016 by brothers John and Marius Jansen along with Sebastian Smyczynski, Deribit is a crypto exchange purpose-built for derivatives trading, with an exclusive focus on options and futures markets. It was acquired by Coinbase in 2025 in a bid to broaden its trading suite.

Deribit’s narrow scope has enabled it to deliver a leading derivatives venue for professional traders, market makers and institutional players around the globe. It is designed for high-performance trading, offering features like low-latency executions, APIs, and advanced order types to cater to sophisticated strategies.

The exchange stands out due to its deep liquidity and dominance in the crypto options space. It’s often recommended as a go-to venue for executing complex strategies, owing to its advanced tooling and long-term focus on derivatives infrastructure.

While a feature-rich venue for derivatives traders, Deribit may not appeal to casual users or those seeking a wider range of products — spot trading, staking and other common crypto products are notably lacking from the platform. It’s worth also noting that Deribit provides a relatively limited selection of assets on its options and futures markets. As a result, its users must often rely on alternative exchanges to enjoy a comprehensive trading experience, making Deribit a partial solution for trading rather than an all-in-one crypto platform

While Deribit shines for professional derivatives traders, Kraken offers a broader, more accessible platform that caters to investors across multiple experience levels.

Kraken’s global licensing, multi-asset support (including spot trading, futures, staking and traditional securities) and longstanding reputation for top tier transparency and security, make it a strong choice for those seeking dependable infrastructure and regulatory alignment.

If your priority is stable access, diversified assets and long-term trust rather than pure derivatives, Kraken holds the advantage over Deribit’s specialist, high-speed model.

O ecossistema de produtos da Kraken foi concebido para suportar uma vasta gama de estilos de negociação e níveis de experiência. Os utilizadores podem negociar em movimento com a sua aplicação móvel otimizada ou aceder a ferramentas mais avançadas através do Kraken Pro, que oferece gráficos detalhados, tipos de ordem personalizados e dados de mercado em tempo real.

A plataforma suporta a negociação spot para todos os utilizadores, com negociação de margem (até 5x de alavancagem) e contratos de futuros (até 50x de alavancagem) disponíveis em regiões elegíveis. Clientes institucionais e de elevado património líquido podem aceder a serviços adicionais através da mesa OTC da Kraken e da oferta Kraken Prime.

Além da negociação, a Kraken oferece staking de cripto em mais de 21 ativos, com recompensas até 17% APY dependendo da moeda e das condições da rede. Os utilizadores podem ganhar passivamente ao fazer staking de ativos como Ethereum (ETH), Solana (SOL) e Cardano (ADA) diretamente através da plataforma.

A Kraken também suporta pagamentos digitais globais através do Krak, uma funcionalidade que permite aos utilizadores enviar cripto ou dinheiro sem taxas de transação.

Em 2024, a Kraken lançou a sua rede Ink Layer-2, construída na SuperChain da Optimism, proporcionando uma ponte contínua entre exchanges centralizadas e protocolos DeFi populares.

Para aqueles que procuram aprofundar os seus conhecimentos financeiros, o Kraken Learn oferece recursos educacionais que abrangem desde os princípios básicos da blockchain até estratégias de negociação avançadas.

Deribit offers a laser-focused product set centred around derivatives: BTC and ETH futures and options (both inverse and USDC-settled), with high leverage, and a low-latency matching engine designed for advanced traders.

Deribit does not currently offer a non-custodial wallet, meaning as a custodial exchange it holds users' assets. To trade on Deribit, you must deposit funds into a wallet controlled by Deribit or through a third-party custodian it partners with. While Deribit allows users to link external non-custodial wallets for withdrawals, the assets always remain under Deribit's control while on its platform.

The exchange does provide API access through multiple interfaces, including WebSocket, REST, and FIX protocols. Users can create API keys with specific permissions to access market data, manage orders, and perform other trading functions programmatically. Deribit also offers a test environment for API development.

With features like a fast perpetuals engine, micro-second funding, and a variety of order types, Deribit delivers tools designed for serious traders and institutions.

But its narrower focus means essentials like broad spot markets, crypto staking and fiat integrations are not available, suggesting that Deribit is better suited to derivatives-first trading strategies rather than complete retail onboarding.

Deribit’s product suite is deep in the derivatives space, but Kraken’s offering is much wider, more holistic and user friendly.

While Deribit caters to leveraged futures and options specialists, Kraken covers spot trading, futures, staking, and even access to U.S. equities and ETFs.

If you want advanced tools and diversified markets under one compliant infrastructure, Kraken provides more breadth and flexibility than Deribit’s niche-focused derivatives platform.

Os clientes podem aceder a mais de 600 criptomoedas na Kraken, incluindo as principais como Bitcoin (BTC) e XRP (XRP), bem como uma variedade de altcoins, desde memecoins até liquid staking tokens.

Existem também mais de 11.000 ETFs e ações sem comissão disponíveis para negociar diretamente na aplicação Kraken. E para clientes em locais elegíveis, podem investir em xStocks, que são versões tokenizadas destes ativos.
A Kraken suporta levantamentos e depósitos em dez principais moedas fiduciárias, tornando rápido e conveniente para os clientes globais financiarem as suas contas.

As moedas fiduciárias suportadas incluem:

• USD (Dólar dos EUA)

• CAD (Dólar Canadiano)

• GBP (Libra Esterlina)

• EUR (Euro)

• JPY (Iene Japonês)

• AUD (Dólar Australiano)

• CHF (Franco Suíço)

• ARS (Peso Argentino)

• MXN (Peso Mexicano)

• BRL (Real Brasileiro)

Existem também 15 stablecoins suportadas, incluindo Tether (USDT), USDC e USDG.

Deribit is focused predominantly on BTC and ETH derivatives markets. Users must deposit one of these or a supported settlement asset such as the stablecoin USDC to trade.

While the exchange supports major assets like BTC, ETH, PAXG, SOL and USDC for certain contracts, it does not offer a wide spot market listing of thousands of coins in the way Kraken does.

This means Deribit is optimized for targeted derivatives exposure rather than a broad asset variety. Traders looking for niche altcoins, fiat pairs or a full ecosystem might find the asset list limiting compared to wider-scope exchanges.

While Deribit excels in derivatives on BTC and ETH, Kraken offers a much broader asset platform with hundreds of cryptocurrencies, staking on multiple chains, and even access to tokenised stocks and ETFs.

This versatility gives Kraken the advantage for investors looking to diversify beyond derivatives into spot, long-term holdings and portfolios that combine traditional assets with crypto.

Deribit remains focused on its niche derivatives market, but Kraken’s broad range of assets suits users seeking a wider set of tradable instruments.

O modelo de taxas da Kraken baseado no volume é escalonado e transparente para apoiar tanto traders profissionais quanto investidores ocasionais.

Com taxas de maker a começar em 0.25% e taxas de taker em 0.40%, existem também descontos disponíveis para indivíduos e instituições de alto volume. Com uma subscrição Kraken+, estas taxas podem ser totalmente eliminadas para clientes elegíveis até determinados volumes mensais.

A maioria dos depósitos de cripto e fiduciários são gratuitos, com algumas exceções dependendo do método de transação e do ativo específico. A Kraken também destaca a transparência ao exibir todas as taxas antes de uma transação ser confirmada, garantindo que os clientes estão cientes de todas as taxas antecipadamente e evitam surpresas dispendiosas.

Deribit uses a maker-taker fee model for its derivatives products, offering competitive rates for liquidity-providing maker orders and clear structure for taker fees. For example, BTC/ETH weekly futures can feature maker fees as low as 0.01% and taker fees around 0.05%.

Spot trading on Deribit is free (0% maker and taker) for supported assets. Delivery and liquidation fees apply in specific cases such as futures at 0.025% or higher, which adds complexity to the cost model. Volume-based discounts are available, with the exchange publishing a tiered fee structure that upgrades automatically as trading volume grows.

While the fee environment is very favorable for pro derivatives users, beginners or spot-only traders should be aware that the model is tailored to high-volume trading rather than simple buy and sell activity.

Deribit’s fee levels are attractive for derivatives traders, yet they are designed around more complex instruments such as futures and assume high volume and leverage.

Kraken’s fee model is simpler and more consistent across spot, margin and futures, with transparent maker/taker rates, no need for native token-holding, and easier cost visibility for all users.

For traders who prioritize predictable and accessible pricing rather than narrow high-volume optimization, Kraken’s fee structure offers a clearer path.

A Kraken é amplamente considerada uma das plataformas de cripto mais seguras do setor. Desde a sua criação, a Kraken nunca sofreu uma violação que resultasse na perda de fundos de clientes, uma afirmação que poucas outras exchanges podem fazer. Os clientes beneficiam de proteção de conta multicamadas, incluindo 2FA com chaves de acesso, encriptação de e-mail PGP, permissões de chave API granulares com limites de alcance, tempo limite de conta configurável, monitorização em tempo real para atividade suspeita, lista de permissões para levantamentos e definições de chave mestra.

A Kraken foi pioneira na Prova de Reservas em 2014 e continua a liderar o setor com auditorias regulares e independentemente verificáveis. Este procedimento criptográfico permite que os clientes revejam pessoalmente como os seus saldos de conta são apoiados por ativos reais, a qualquer momento. A Kraken também possui a certificação ISO/IEC 27001:2013, conformidade com a auditoria SOC 2 Type 2 e opera um robusto programa de recompensas por bugs público.

Deribit stores over 90% of assets in cold wallets and keeps only a minimal fraction in hot wallets for withdrawals and trading activity.

The exchange has been awarded certifications such as ISO 27001, SOC 2 Type II and CCSS Level III, underscoring its commitment to institutional security standards.

Additionally, it offers 2-factor authentication, IP locking, and an insurance fund designed to cover extreme volatility or liquidation shortfalls.

While the security architecture is robust, users should note that Deribit’s narrow asset focus and derivatives-heavy model means risk exposures differ from broader spot exchanges.

Deribit implements strong security measures, but Kraken’s security framework remains one of the most rigorous in the crypto industry. Kraken pioneered Proof of Reserves verification, allowing clients to independently confirm that all balances are fully backed, a level of transparency Deribit does not yet provide.

Kraken’s robust compliance and regulatory footprint, covering over 190 jurisdictions, also gives clients confidence that their assets are protected by institutional oversight. In addition, Kraken’s long-standing record of zero major security breaches since its 2011 launch stands as a testament to its operational resilience.

For traders who value verified transparency, compliance, and proven defense against external threats, Kraken remains the safer choice.

A Kraken é conhecida pelo seu serviço de apoio ao cliente profissional e responsivo, oferecendo vários canais de apoio para satisfazer as diferentes necessidades dos utilizadores. Os clientes podem aceder ao chat ao vivo 24 horas por dia, 7 dias por semana, com agentes humanos reais, enviar pedidos por e-mail ou (em casos selecionados) falar diretamente com um especialista de apoio por telefone.

A equipa de apoio multilingue da Kraken pode ajudar os utilizadores em mais de uma dúzia de idiomas. Isto ajuda a empresa a servir a sua base de clientes global de forma mais eficaz.

A exchange também obteve altas classificações na satisfação do cliente e foi reconhecida como Vencedora do Melhor Uso de IA em CX (Europa) na Customer Centricity World Series. O seu foco na clareza, empatia e rapidez na resolução de problemas continua a distinguir a experiência do cliente da Kraken num espaço competitivo.

Deribit provides a help center with detailed guides on account setup, trading rules, and API integration. Clients can access live chat and email support, typically available 24/7 for urgent trading or technical issues.

The exchange also maintains an active X account and a community-focused Deribit Insights blog to communicate updates and educational materials.

While the documentation is thorough, Deribit’s client-service model is oriented toward professional traders who are already familiar with derivatives platforms, meaning less hand-holding for beginners compared to more retail-focused exchanges.

While Deribit excels in derivatives on BTC and ETH, Kraken offers a much broader asset platform with hundreds of cryptocurrencies, staking on multiple chains, and even access to tokenised stocks and ETFs.

This versatility gives Kraken the advantage for investors looking to diversify beyond derivatives into spot, long-term holdings and portfolios that combine traditional assets with crypto.

Deribit remains focused on its niche derivatives market, but Kraken’s broad range of assets suits users seeking a wider set of tradable instruments.

Kraken and Deribit both cater to serious traders, but their focuses diverge sharply. Deribit is a specialist derivatives exchange, excelling in BTC and ETH options and futures with world-class liquidity and low fees.

Kraken offers a full-spectrum platform, from spot and margin trading to staking and regulated futures, all backed by institutional-grade security and global compliance.

Traders who are focused solely on complex derivatives may prefer Deribit’s streamlined approach. However, for those seeking a more diverse ecosystem, transparent auditing, stronger consumer protection, and a wider range of products, then Kraken remains the more complete and trusted choice.