Fees, liquidity, product flags, margin, RFQ, and editorial volume. Fit score is a research model, not a safety or “best broker” ranking. Derive scores higher on the research-model fit (76 vs 64). OptionsMatch does not open accounts.
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Research pairs
Editorial pairs — not a ranking
| Metric | Derive On-chain options with long-dated + HYPE strength | Thalex Pro portfolio-margin options · linear USD premiums |
|---|---|---|
| Fit scoreresearch model | 76 | 64 |
| Fit /10research model | 7.6 | 6.4 |
| Liquidityresearch model | 70 | 58 |
| Cost scoreresearch model | 76 | 72 |
| Product depthresearch model | 80 | 62 |
| Tech / APIresearch model | 82 | 76 |
| API quality | 4/5 | 4/5 |
| Maker bpsresearch model | 1 | — |
| Taker bpsresearch model | 4 | — |
| Margin | on-chain | portfolio |
| Settlement | usdc | usdc, linear |
| Assets | BTC, ETH, SOL, HYPE, XRP, ADA, ZEC, CC, XAUT | BTC, ETH |
| RFQ / blocks | Yes | No |
| On-chain | Yes | No |
| 24h vol (edit.) | $45M | $12M |
| OI (edit.) | $900M | $180M |
| Best for | HYPE options · Long-dated · On-chain | Portfolio margin · Pro workflows · Linear USD options |
| KYC | Wallet-first; frontend geo rules apply | Institutional / pro onboarding style |
| Profiles / hops |
Fit score is a research model, not a safety or “best broker” ranking.
Derive liquidity score 70 vs Thalex 58. Product depth 80 vs 62. RFQ/blocks: Derive. On-chain: Derive / —.
Both venues enforce geo and KYC rules that change by entity. Derive: Jurisdiction-dependent frontends. Thalex: US and other restricted jurisdictions. Use country hubs for jurisdiction mapping — not legal advice.