Renowned cryptocurrency options exchange, Deribit, is suffering a severe ongoing service outage.
In line with recent official tweets by the company, the trading platform is suffering “hardware issues” as well as a technician has been called to reboot its servers, thereby hopefully bring services back to normal functionality.
“We aren’t hacked and all of your funds are safe,” an initial tweet added.
Deribit went on to warn that it’s going to not have its systems back online in time for today’s daily options expiry.
Within the case, the firm will “manually adjust the options expiry to reflect the particular market at the time of expiry.”
The value employed for the adjustment would be drawn from Deribit’s index as listed on test.deribit.com.
Meanwhile, the outage may knock confidence within the exchange with the news that Deribit doesn’t seem to possess server redundancy to avoid such severe ramifications from technical issues.
Similar issues have affected top United States spot exchange Coinbase within the past, leading it to eventually pledge to try to more in terms of redundancy provision.
Deribit may, in fact, are lucky the outage didn’t occur Friday when over $700 Mln-worth of monthly contracts are set to expire, most of them on [Deribit].
Deribit is so far the foremost popular options exchange within the cryptocurrency ecosystem in terms of trading volumes: