Deribit continues to dominate the crypto options market, leveraging its early entry in 2016 to secure a first-mover advantage, according to CEO Luuk Strijers. Unlike competitors who diversified into various products, Deribit concentrated on options, investing in proprietary low-latency hardware to enhance execution quality. This strategic focus has solidified its reputation as a leader in the crypto options space, making it a benchmark for the industry.