Each corporate client is required to complete our Know-Your-Customer (“KYC”) process in the menu Verification of their Deribit account before they can make any deposits and start trading.
The goal of our corporate KYC is to verify the existence and identity of the trading entity, understand the intended purpose and nature of the business relationship, and ascertain the identity of the individuals connected to the entity, such as the Ultimate Beneficial Owners (“UBOs”), individuals holding senior management positions in the entity (e.g. directors), traders, authorised signatories, and legal representatives of the corporate client.
We kindly ask you to carefully enter the requested information. This makes it easier for us to verify your corporate account, so you can start trading. In case of errors, omissions or inconsistencies in the information provided, we will ask you to amend the data. This will result in delays.
To prevent any delays in the verification process carefully enter all the requested information. In case of errors, omissions or inconsistencies in the information provided it will be required to amend the data before verification is approved.
If you have any questions regarding our corporate KYC process, please do not hesitate to contact our compliance team via compliance@deribit.com.
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Item |
Details |
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Legal name of the entity |
The full name as it also appears in official records and incorporation document(s). Do not fill out the (doing business as) trade name (if different). |
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Type of legal entity (e.g. limited liability company, corporation, limited partnership, Segregated Portfolio Company etc.) |
The legal form of the company. For example, a limited liability company, corporation, limited partnership, Segregated Portfolio Company (SPC), foundation, trust. If you select ‘Other’, you are required to specify your selection. For a detailed description of some of the legal entities, please see below. |
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Date of incorporation |
The date the company was incorporated on. |
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Country of incorporation |
The country that the company is incorporated in. |
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Registered office address of the entity (street name, house/apartment number, postal code (if applicable), city, country) |
This is the formal address of the entity as it is registered in official records. Enter the street name, house/apartment number, postal code (if applicable), city, country of the address where the entity is registered. This could be different from the principal place of business and/or the visiting address. You should be able to find the registered office address in the extract of the business registry (where applicable) or it might be the address of your corporate services provider if your entity is registered through such a company. |
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Principal place of business. For more information, see the explanation below. |
The location from which the officers, partners, or managers of the legal person primarily direct, control, and coordinate the activities of the legal person. For most entities, this location would correspond to the location of the headquarters or main office. The principal place of business is not necessarily the same as the registered office address. For example, a company registered in the British Virgin Islands whose directors and traders are based in Singapore, should select Singapore as principal place of business. |
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Business registration number |
The number under which the entity is registered in official records in its jurisdiction. You should be able to find it in the extract of the trade registry (where applicable) or in the incorporation document(s). |
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Legal entity identifier - LEI (if applicable) |
If the company does not have an LEI, you can leave the field blank. |
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Description of the business (activities) |
This could be the formal business scope of the entity, or what it normally makes its business of, for example, “virtual assets trading” or “investment company”. |
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Type of business (e.g. Asset Manager, Broker, Hedge Fund, Market Maker) |
Select one of the options from the dropdown (e.g. Asset Manager, Hedge Fund, Market Maker), or specify another option. |
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Industry in which the company is active (e.g. Financial services, IT, Virtual Assets trading) |
Choose the option that best matches the company's area of operation. |
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Purpose of the account (e.g. Trading for own account, Trading for the account of clients, Hedging) |
Choose from ‘Trading for own account’, ‘Trading for the account of clients’, ‘Hedging’, ‘Investing’ or ‘Long-term holding’. |
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Regulatory status; does the company have a license? (by a competent financial services regulator) |
If you select ‘Yes’, we will ask you to upload a copy of the license or a screenshot of the regulator’s website showing the regulated activity.The registration of the company in the national business register alone is not sufficient to be considered licensed/regulated. |
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Is the company listed on a stock exchange? |
If you select ‘Yes’, you will be asked to upload a document that confirms your listed status. |
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Source of funds (e.g. primary funding founders, secondary funding investors, client funds, profit of the company) |
Select one or more of the following options: "Founders (primary funding)", "Early investors (secondary funding)", "Client funds", "Profit of the company", "Loan", "Other income sources". If you select other, you will be asked to specify these other income sources. |
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Intended deposits amount in the next 12 months |
Your estimated deposits in liquid assets (such as Virtual assets, Cryptocurrency or Cash) in the next 12 months. |
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Contact person details (name, date of birth, residential address, job title) |
First name plus middle name(s), last name, and date of birth (as they also appear on the government-issued ID), plus the job title. The job title refers to the title you have within the company, for example, “Director”. |
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Contact person full address details |
Enter the street name, house/apartment number, postal code (if applicable), city, country of residence of the address where the contact person has the main residence. |
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Does the company satisfy at least 2 out of the 3 criteria Investor classifications? |
Any legal entity that, based on the last annual accounts, certified by the CFO of the client or an external auditor, satisfies at least two of the following criteria:
NB. This question is important because it determines whether we can classify you as an Institutional Investor. If the company does not satisfy 2 of the 3 criteria, we will assign a different Investor Classification to your account. For more information, please check the Investor Classification definitions. |
Corporate documentation varies from jurisdiction to jurisdiction. This means that it is possible that not all requested documents are available for your entity. The explanations below aim to clarify what kind of information is required for each question in the verification form.
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Company documents |
Description |
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Certificate of incorporation |
This certificate is typically just one page and bears the name of the newly founded company, the registration number, and the founding date. For countries that do not issue a separate Certificate of Incorporation, you could upload an alternative document that gives evidence that the entity has been founded or incorporated. For example a (notarial) deed of incorporation. |
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Country of incorporation |
Select the jurisdiction under which laws the entity is incorporated. This is not necessarily the jurisdiction of its principal place of business, for example in case of an offshore entity. In the rare case where the entity has moved from one jurisdiction to another jurisdiction, enter the current jurisdiction under which it legally exists. |
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Date of incorporation |
The date the entity came into existence. This is - for example - the date the Certificate of Incorporation or the deed of incorporation has been passed. Do not enter the date the entity was first registered in a public registry, which is normally later. |
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Memorandum and Articles of Association (or Constitution) |
All entities typically have at least some brief articles that govern the internal workings of the entity containing the structure and rules of the company. They can also be called Constitution or By-Laws. In many jurisdictions, the Articles are incorporated in the deed of incorporation. Sometimes a statutory fixed set of Articles will be considered applicable to your entity. In this case, upload any document that clearly states such standard Articles apply to your entity, together with a copy of such standard Articles. |
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Recent (not more than 3 months old) document that reflects registration with the local authorities and the regulated status of the company |
A copy of the extract of the business registry for your entity. This is the government agency, such as the Registrar of Companies, the Companies House or the Chamber of Commerce, in the jurisdiction of the entity that is tasked with keeping records of all entities. This document contains all the basic information of the entity, including full name, registration number, directors, shareholders/UBOs and contributed capital (if any). Alternatively, you can upload a recent Certificate of Incumbency or Certificate of Good Standing. |
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URL of the website from the local authorities that contains details confirming the registration of your company |
A copy of the extract of the business registry for your entity. This is the government agency, such as the Registrar of Companies, the Companies House or the Chamber of Commerce, in the jurisdiction of the entity that is tasked with keeping records of all entities. This document contains all the basic information of the entity, including full name, registration number, directors, shareholders/UBOs and contributed capital (if any). Alternatively, you can upload a recent Certificate of Incumbency or Certificate of Good Standing. |
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Register of Directors including the names, residential addresses and dates of appointment of all directors, signed and dated within the past 3 months by a signatory, with the name of the signatory provided |
This would ideally be a copy of the formal register of directors of your entity. In the case of an entity that does not have directors, give the information on the people who are formally authorized to represent the company and have control over the actions of the company. This could be a managing member, governor or similar. The names, dates of birth and residential addresses should be identical to the data that is reflected in the IDs and proofs of residence that are provided for each individual later on. |
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Register of Members/Shareholders including names, dates of birth, residential addresses and ownership percentages, signed and dated within the past 3 months by a signatory, with the name of the signatory provided |
This would ideally be a copy of the formal shareholders' register (register of members) if your company has this available. If the entity does not have shareholders, the list should contain the beneficiary owners. |
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The names, dates of birth, and residential addresses should be identical to the data that is reflected in the IDs and proofs of residence that are provided for each individual later on |
If a shareholder is another legal entity, please provide the name of the entity, its jurisdiction and its registration number. |
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Corporate structure chart showing the shareholders and UBOs, including share percentages and countries of residence/incorporation, signed and dated within the past 3 months by a signatory, with the name of the signatory provided |
A schedule or graphic diagram showing the entity in relation to its shareholders or other beneficiary owners (in case of foundations, trust or other contractual arrangements) up to and including its UBOs, including the jurisdictions of each included entity. As an example with 1 legal entity as shareholder and 3 UBOs, such schedule would look like this: |
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Restricted jurisdictions statement |
We will ask you to fill out a form in which you declare that you will not operate on our platform from certain restricted jurisdictions and the principal place of business is not in any of the restricted jurisdictions. The document should be dated and signed by an authorized signatory of the company. |
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Recent (not more than 3 months old) proof of registered office for the entity |
This can be a utility bill, bank statement, tax bill, lease agreement, document from the local authorities or a contract for a corporate service provider. It is essential that the document is addressed to the registered office address of the entity. |
Natural persons connected to corporate clients must be identified and verified so that we know who we are engaging with. This identification process applies to UBOs*, directors, traders, authorised signatories** and legal representatives of the corporate client.
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KYC Individual |
Details |
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KYC individual |
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* UBOs are natural persons who own or control interests (i.e. shares or voting rights) of 25% or more in a client who is a legal person (i.e. a company). In instances where no specific individual can be identified as the UBO, the UBO designation should be assigned to the individual occupying the role of senior managing official.
** A signatory is a person who is authorized to act on behalf of the company in relation to the Deribit account.
Fund
If your company houses a fund, you should provide us with sufficient information on the UBO of both the management structure of the fund and on the investors in the fund. Please enter information and provide documentation on the management side of the company (including the UBO of the management company) and add the following information of the investors in the fund:
If there is no UBO of an investor (often called “participant”) in the fund that holds 25% or more ultimate interest in the fund, a signed and dated declaration of the company stating this fact.
For each UBO of an investor in the fund that ultimately holds 25% or more interest in the fund, please identify each such UBO (as UBO) in step 3 of the form.
Example: a BVI incorporated company “Fund Company” functions as a fund and has issued 100 management shares to “Management Company”, has issued 5000 participant shares to “Participant Company”, and has issued 500 participant shares to 10 other participant investors each. When onboarding, answer all default questions for Fund Company, assuming Management Company is the only shareholder of Fund Company and therefore also identify each UBO of Management Company which holds 25% or more interest in the management shares in Fund Company. Next to this, provide a signed and dated statement of Fund Company stating: “Fund Company has issued 10,000 participant shares to 11 parties. 5,000 participant shares are issued to Participant Company, of which the UBOs are A and B who each hold 25% ultimate interest in the participant shares in Fund Company (please refer to corporate schedule). No other UBO holds 25% or more ultimate interest in the participant shares in Fund Company.”
Segregated Portfolio Company
If your fund is a Segregated Portfolio Company or similar (segregating the assets of the company in separate “cells”), please identify the management and UBO of the SPC (as management) and the UBO of the specific portfolio/cell that you are onboarding (as participants/ investors). If you do not specify any Segregated Portfolio, cell, or similar of the SPC you are onboarding, we will assume that assets in your corporate account belong to the onboarding company and not any of its separate portfolio/cells.
Signing up and Creating an account
To sign up as an Corporate client on Deribit, create an account using your desired email.
The email must be accessible due to the email’s usage for account email confirmation on signup as well as various functions such as withdrawal confirmation and support accessibility.
You can complete the verification process in the 'Verification' menu.
This can be found via https://www.deribit.com/account/BTC/verification or the person icon on the top right menu and then clicking Verification.
Then select Corporate account:
Step-by-Step:
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Company details - This step is to ascertain basic company details matching the records of the entity to be registered.
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Legal Entity name - Full and complete legal Entity name as it also appears in official records and incorporation document(s). Do not fill out the (doing business as) trade name (if different).
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Type of legal entity - The legal form of the company (e.g. limited liability company, corporation, limited partnership, Segregated Portfolio Company etc.). For example, a limited liability company, corporation, limited partnership, Segregated Portfolio Company (SPC), foundation, trust. If you select ‘Other’, you are required to specify your selection.
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Principal place of business (please include city plus country) - The location from which the officers, partners, or managers of the legal person primarily direct, control, and coordinate the activities of the legal person. For most entities, this location would correspond to the location of the headquarters or main office. The principal place of business is not necessarily the same as the registered office address. For example, a company registered in the British Virgin Islands whose directors and traders are based in Singapore, should select Singapore as principal place of business.
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Business registration number - the number under which the entity is registered in official records in its jurisdiction. You should be able to find it in the extract of the trade registry (where applicable) or in the incorporation document(s).
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Legal entity identifier / LEI - If the company does not have an LEI, you can leave the field blank.
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Description of the business - This could be the formal business scope of the entity, or what it normally makes its business of, for example, “virtual assets trading” or “investment company”.
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Type of business - Select one of the options from the dropdown (e.g. Asset Manager, Hedge Fund, Market Maker), or specify another option.
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Industry in which the company is active - Choose the option that best matches the company's area of operation.
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Is the company listed on a stock exchange? - If you select ‘Yes’, you will be asked to upload a document that confirms your listed status.
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Does the company have a license (by a competent financial services regulator)? - If you select ‘Yes’, we will ask you to upload a copy of the license or a screenshot of the regulator’s website showing the regulated activity. The registration of the company in the national business register alone is not sufficient to be considered licensed/regulated.
The registration of the company in the national business register alone is not sufficient to be considered licensed/regulated.
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What is the purpose of the account - Choose from ‘Trading for own account’, ‘Trading for the account of clients’, ‘Hedging’, ‘Investing’ or ‘Long-term holding’.
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What is the source of funds in the Deribit account (multiple options can be selected)? - Select one or more of the following options: "Founders (primary funding)", "Early investors (secondary funding)", "Client funds", "Profit of the company", "Loan", "Other income sources". If you select the latte, you will be asked to specify these other income sources.
Does the company satisfy at least 2 out of the 3 criteria below? - If so, the most recent annual accounts, certified and dated by the CFO or an external auditor, are required.
- Balance sheet total of at least USD 20 million;
- Net annual turnover of at least USD 40 million;
- Own funds of at least USD 2 million.NB.
This question is important because it determines whether we can classify you as an Institutional Investor. If the company does not satisfy 2 of the 3 criteria, we will assign a different Investor Classification to your account. For more information, please check the investor classifications page.
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Intended deposits amount in the next 12 months - Select the best estimate.
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Registered office address - This is the formal address of the entity as it is registered in official records. Enter the street name, house/apartment number, postal code (if applicable), city, country of the address where the entity is registered. This could be different from the principal place of business and/or the visiting address. You should be able to find the registered office address in the extract of the business registry (where applicable) or it might be the address of your corporate services provider if your entity is registered through such a company.
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Contact person details - First name plus middle name(s), last name, and date of birth (as they also appear on the government-issued ID), plus the job title. The job title refers to the title you have within the company, for example, “director”.
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Contact person full address details - Enter the street name, house/apartment number, postal code (if applicable), city,
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Country of residence of the address where the contact person has the main residence - This is automatically matched to the country given on sign up. If this is no longer correct, please contact compliance@deribit.com.
Step-by-Step:
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Company documents - This step is to provide documents supporting the identity of the trading entity and verify it's existence.
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Certificate of incorporation
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Country of incorporation
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Date of incorporation
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Memorandum and Articles of Association - Containing the structure and rules of the company.
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Recent (not more than 3 months old) document that reflects registration with the local authorities and the regulated status of the company (e.g. business register extract, Certificate of Incumbency, Certificate of Good Standing).
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URL of the website from the local authorities that contains details confirming the registration of your company.
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Register of Directors including the names, residential addresses and dates of appointment of all directors, signed and dated within the past 3 months by a signatory, with the name of the signatory provided.
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Register of Members/Shareholders including names, residential addresses and number of shares, signed and dated within the past 3 months by a signatory, with the name of the signatory provided.
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Corporate structure chart showing the shareholders and UBOs, including share percentages and countries of residence/incorporation, signed and dated within the past 3 months by a signatory, with the name of the signatory provided.
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Please download the statement and upload a signed copy.
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Recent (not more than 3 months old) proof of registered office for the entity (e.g. bank statement, tax bill, lease agreement, contract for corporate service provider). The document should be addressed to the company and include the name and registered address details of the company.
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You have indicated in step 1 that your company is listed. Please upload a document that reflects your listed status.
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You have indicated in step 1 that your company has a license from a financial services regulator. Please upload a copy of the license.
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Additional file (optional)
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Leave a note (optional)
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ID Verification - Natural persons connected to corporate clients must be identified and verified so that we know who we are engaging with. This identification process applies to UBOs*, directors, traders, authorised signatories** and legal representatives of the corporate client.
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List of Natural persons
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Add person to to the list of natural persons.
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Select role of person (Director, UBO, Trader, Signatory, Legal Representative)
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Person information of the (Director, UBO, Trader, Signatory, Legal Representative)
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Address information of the (Director, UBO, Trader, Signatory, Legal Representative)
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Proof of residence to support the address information entered above - Must not be more than 3 months old.
After Save is pressed at the bottom, press ‘ID verification’ to upload a valid and unexpired ID that has been issued within the last 10 years ago.
4. Once all personnel information has been entered the application can be submitted via “Submit your application for Verification”. The application will not be reviewed until submitted.
Most clients get through the verification process without a problem, but some clients may experience issues. This guide will cover the most common issues faced, and how they can be overcome. In general though, if you are having serious issues completing verification, it is best to email compliance@deribit.com directly with the details.
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Verification cannot be completed - Please ensure that you are logged into / have selected the main account. If the error shown is ‘Not available on subaccounts’, please select the main account and continue.
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In case you do not meet 2 out of the 3 criteria, we can (most likely) still classify you as a Qualified Investor. This means we can onboard you onto our regulated exchange in Dubai. Our trading instruments are available (under the same conditions) for all types of investor classification.
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[The information is not saved] - If the page is not correctly saving and returns as a blank page, please ensure that all fields are correctly filled. This will correctly enable the ‘Submit’ button.
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Document rejected - Please ensure the document is not older than 3 months old. Deribit cannot accept older documents.
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If additional information is needed to explain the context of documents and/or if this is requested by Deribit Compliance staff, this can be provided on Step 2 at the bottom of the page under Additional Notes.
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Cannot submit application - Please ensure that all fields have been filled. Steps 1, 2 and 3 must be completed to the best of your ability. If a document is not available, please contact compliance@deribit.com for assistance.
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“Unknown error” - Unfortunately without additional information, we suggest trying to upload the document on another browser. Should this fail, another device on a private/incognito window in case a browser addon is interfering or preventing a module from loading correctly.
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You have not completed all required fields - If this appears while entering Personnel details, please ensure that all eleven fields are correctly filled out on the form, including an additional document as proof of residence. If all fields are filled and the error persists, please attempt on an incognito tab / private window. Should the error continue to persist, please contact compliance@deribit.com for assistance.
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Document is rejected by Jumio - Jumio can only process limited types of documents and they all have to be machine-readable. Please try a different document type or upload a higher resolution scan. If this fails, please contact compliance@deribit.com for manual verification of the documents.
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Verification failed - A common cause is a different ID has been entered for a person that does not match the details automatically, or two IDs have been entered for an individual.
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Upload button is greyed out - Please try again from a different browser and/or an incognito/private window.
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"We have not received a response from Compliance for several days" - Please ensure you click ‘Submit your application’ on the final step. Until this is pressed, Deribit cannot proceed with processing your documents. Please allow up to 3 working days for your submitted Verification documents and forms to be approved by our Compliance team. If you have not been approved, please check your Deribit account's email for contact from the team. They may have already reached out seeking additional information to process your application.