Bankless · Monday, September 14, 2026
Nick Forster, CEO of Derive, highlights that on-chain options provide self-custody and verifiable transparency, contrasting with centralized exchanges. This allows users to independently verify the state of the risk engine and margin, which he notes has been a problem for even regulated traditional exchanges.
“I mean, one is the obvious point that like some people really value and particularly in crypto, but less so over time, which is it is self-custodial. You can verify the state of the risk engine and the margin in real time.”
“And that has been a problem for some other exchanges all the way up to regulated traditional ones.”
“But these, you know, even regulated commodities exchanges can go under because of like capital mismanagement. And we have all of our, you know, the state of the system is verifiable and transparent.”