Head to head · Exchange derivatives · October 2026 research run
Deribit vs Gemini Exchange API
Gemini Exchange API scores 74.6 (BB) on agent readiness against Deribit's 59 (C), and leads in 6 of 7 scored categories. Both do exchange derivatives.
Best crypto exchange APIs and MCP servers for AI agents · All 210 exchanges comparisons
Which one, for what
Deribit C
Best for An agent trading crypto options, dated futures and perpetuals for an institutional or retail Deribit account, and anyone migrated from Coinbase International Exchange.
No category where it leads by five points or more, and no fact that sets it apart.
Watch for
No official MCP server, and the GitHub organisation has no public repositories, so no official SDK in any language
Best for An agent trading spot, perpetuals or prediction markets for a US customer with a role-limited key and a sandbox to rehearse on.
Ahead on
- Reliability, 73 against 45
- Agent ergonomics, 79 against 74
- Security & auth, 78 against 62
- Payments & pricing, 40 against 25
- Maintenance & community, 88 against 65
- Transparency & trust, 75 against 46
Also in its favour
- Agent-ready, a grade of BB or better
- Runs on your own machine
Watch for
Client order ids are only recommended to be unique and no duplicate rejection is documented, so a retried order can execute twice
Why the edge
Each category where one leads by five points or more, with the reason behind each side's score from its assessment. The numbers are in the table below; this is what they stand for.
Transparency & trust Gemini Exchange API +29
Deribit 46
The editorial half. A closed service whose terms (Deribit FZE membership terms and DRB Panama Inc. terms) sit on a support site that answered 403, with the entity confirmed on VARA's register (12 of 30). The privacy policy was not read, and nothing in the docs states retention (0 of 30). The changelog marks deprecations and the upcoming docs branch previews the next release, but removals such as public/get_index on 25 November 2025 carry no notice period (10 of 20). No subprocessor or data-location statement found (0 of 20). Total 22.
Gemini Exchange API 75
The editorial half. A closed service under a user agreement that names its entities by state, with the MCP server and SDKs open under Apache-2.0 (18 of 30). The privacy policy of 11 May 2026 names entities and processing countries, ties retention to need without numbers and names provider categories only, with no DPA or subprocessor list found (16 of 30). The revision history records removals and type changes with dates, but the upcoming-changes page is "TBD" and no notice period is stated (8 of 20). Processing countries are named (US, Ireland, UK, Malta, Singapore, Australia) and providers by category, with no named subprocessors (12 of 20). 18 + 16 + 8 + 12 = 54.
Reliability Gemini Exchange API +28
Deribit 45
Read with the hosted lines on the JSON-RPC API. status.deribit.com did not resolve for our reader on 3 November 2026 and Coinbase's status page showed no Deribit component, so no status page is scored, with the unchecked line below (0). No readable history (5). Rate limits are documented with numbers, 50,000 credits per sub-account refilled at 10,000 a second, and matching-engine tiers of 5 to 30 requests a second by 7-day volume (15). Error 10028 ends the session and the errors page says to back off exponentially; 10040 means retry; the 6 May 2026 release added a nonce for idempotent orders (15). No SLA found (0). The API is generally available; only Starbase is limited to selected clients (10). 0 + 5 + 15 + 15 + 0 + 10 = 45.
Gemini Exchange API 73
Read with the hosted lines on the REST API at api.gemini.com. status.gemini.com is a Statuspage site with component history (20). Its Atom feed for 10 September to 3 November 2026 holds 25 entries, mostly scheduled trading and FIX upgrades of 15 to 60 minutes with possible order timeouts, single-network deposit delays, and incorrect perpetual index prices for about 3.5 hours on 15 and 16 October; a 3-hour scheduled eOTC window was planned and outside the core API. Minor only (20). Rate limits with numbers, 120 a minute public and 600 private plus per-endpoint limits (15). 429 is documented but with no Retry-After or backoff guidance, and client order ids are recommended without duplicate rejection, so retries are not safe by contract; the heartbeat cancel is a safety net rather than idempotency (8 of 15). No SLA found (0). Generally available (10). 20 + 20 + 15 + 8 + 0 + 10 = 73.
Maintenance & community Gemini Exchange API +23
Deribit 65
Read as a closed service. The JSON-RPC changelog's latest production entry is 13 October 2026 and an entry dated 5 November 2026 describes the next release; Deribit's posts of 14 October and 2 November 2026 change fees (30). Entries of 18 August, 15 September and 13 October 2026, three in 90 days (20). A public changelog and a support site; whether support answers wasn't tested and the support site refused our reader (10 of 15). No official SDK and no MCP registry entry (0). The OpenAPI and AsyncAPI files are maintained with the docs (5 of 10). Total 65.
Gemini Exchange API 88
Read as a closed hosted service with an open repository. The revision history's latest entry is 28 October 2026 and the repository was pushed on 5 October (30). Thirteen dated entries between 2 September and 28 October 2026 (20). The nine open items on the repository are all pull requests with replies, Dependabot included, and the docs name trading@gemini.com for developer support; no public issue tracker was tested (15 of 25). Not in the official MCP registry, but current official SDKs, TypeScript 0.1.1 of 23 September and Go 0.1.0 of 29 August 2026 (15). CI workflows validate and publish both SDKs and the MCP server has tests; dependencies are current (8 of 10). 30 + 20 + 15 + 15 + 8 = 88.
Security & auth Gemini Exchange API +16
Deribit 62
Keys carry five scopes at read, read_write or none, ip:ADDR and expires limits, can be disabled, reset and removed by API, and self-generated Ed25519 or RSA keys keep the private half off Deribit. The HTTP client_credentials example passes client_secret in the query string, a documented option, so 10 off (20 of 30). trade:read and wallet:none give read-only and no-withdrawal keys and the 5 August 2025 release stopped account:read keys reading other keys' secrets; no per-order confirmation and the address allow-list article was unreadable (16 of 20). The API returns no untrusted content (10). private/list_api_keys, the transaction log and order history let an operator see what a key did, but no per-key call log was found (8 of 15). A HackerOne bug bounty per the support article title and HackerOne's customer story, neither page read first-hand (insights.deribit.com/bug-bounty answered 403), a VARA licence, and no security.txt on www.deribit.com (8 of 20). Total 62.
Gemini Exchange API 78
Revocable API keys with one role each (Trader, Fund Manager, Auditor, Administrator), HMAC-SHA384 signing with a nonce, and OAuth 2.0 with scopes, PKCE S256, single-use refresh tokens and RFC 7009 revocation; no IP allow-list documented and no key expiry (28 of 30). Auditor is read-only, a Trader key cannot withdraw, approved withdrawal addresses are a Fund Manager action, and the MCP server refuses funds-moving tools without confirm: true (18 of 20). The MCP server wraps every response in untrusted-output markers, strips control and bidi characters and redacts memos, labels and agreement text; the REST docs say nothing on the subject (13 of 15). Order and transfer history are readable, but no per-key audit log or API access log was found (5 of 15). security.txt with a PGP contact and a bug bounty paying $150 to $20,000, scoped to the sandbox hosts; no certification was read and no public advisory process was found (14 of 20). 28 + 18 + 13 + 5 + 14 = 78.
Payments & pricing Gemini Exchange API +15
Deribit 25
No machine payment protocol (0). The fee schedule is on support.deribit.com, which answered 403; Deribit's own posts give VIP4 to VIP7 taker fees and the 0 bps linear options maker fee, so partial prices are public but the lowest tier is unchecked (5 of 20). Public market data needs no key and the test environment is free, with no card anywhere (20). A person signs up in a browser with identity checks before any key exists (0). Total 25.
Gemini Exchange API 40
No machine payment protocol (0). The API fee schedule is public per tier without login, 0.6% maker and 1.2% taker at the base tier (20). The API is free to call, public market data needs no key, and the sandbox credits test funds with no card (20). A person must sign up in a browser with identity checks, mint a key or approve an OAuth grant, and production OAuth apps wait for Gemini's review (0). 0 + 20 + 20 + 0 = 40.
Agent ergonomics Gemini Exchange API +5
Deribit 74
An API, read for response sizing. public/get_order_book takes depth, get_instruments filters by currency and kind, and history methods take count and offset, though get_instruments returns every instrument for a currency and costs 10,000 credits (18 of 25). Count and offset pagination, time ranges on trade and transaction logs, and WebSocket channels with interval and depth options (16 of 20). Numeric error codes with short names, a wait value on some errors, and sample code that branches on them (18 of 20). A nonce on orders since May 2026 returns the existing order on retry, a label lets an agent find its own orders, and 10040 marks the calls safe to retry; no MCP annotations apply (16 of 20). Few required parameters and sensible defaults (limit and good_til_cancelled), but no official SDK in any language, so every caller signs and frames JSON-RPC itself (6 of 15). Total 74.
Gemini Exchange API 79
Graded on the REST API, with the MCP server noted. Order book depth, trade and candle counts can be limited and symbols filtered; the MCP server lists 87 tools with no toolset or read-only subset switch, so a session that loads it pays for all of them (18 of 25). Timestamps, limit_trades, since and per-symbol filters on history, pagination on prediction-market lists (16 of 20). Errors carry a reason and message an agent can branch on, such as InsufficientFunds, MarketNotOpen and MissingRole, though some messages only say to retry later (16 of 20). client_order_id is echoed back but not checked for duplicates, cancel-all-session-orders and the heartbeat limit damage; the MCP server publishes readOnlyHint and destructiveHint on every tool and gates destructive ones on confirm: true (14 of 20). Few required parameters, sensible defaults, and official TypeScript and Go SDKs (15). 18 + 16 + 16 + 14 + 15 = 79.
Score by category
| Category | Weight this run | Deribit | Gemini Exchange API | Edge |
|---|---|---|---|---|
| Reliability | 16%20 | 45 | 73 | Gemini Exchange API +28 |
| Performance | 10%pending | pending | pending | not scored in this run |
| Schema & documentation | 13%16.2 | 88 | 88 | even |
| Agent ergonomics | 13%16.2 | 74 | 79 | Gemini Exchange API +5 |
| Security & auth | 14%17.5 | 62 | 78 | Gemini Exchange API +16 |
| Payments & pricing | 10%12.5 | 25 | 40 | Gemini Exchange API +15 |
| Task success | 10%pending | pending | pending | not scored in this run |
| Maintenance & community | 7%8.8 | 65 | 88 | Gemini Exchange API +23 |
| Transparency & trust | 7%8.8 | 46 | 75 | Gemini Exchange API +29 |
| Negative events | ≤15 | 0 | 0 | |
| Total | C 59/100 | BB 74.6/100 |
Facts side by side
| Fact | Deribit | Gemini Exchange API |
|---|---|---|
| Kind | HTTP API | HTTP API |
| Vendor | Deribit FZE | Gemini Trust Company, LLC |
| Hosted endpoint | no (local only) | no (local only) |
| Transports | stdio | |
| Auth | API key | OAuth or key |
| Pricing | Pay per use | Pay per use |
| x402 | no | no |
| Licence | Proprietary hosted exchange. The API is documented under the Deribit docs with an OpenAPI 3.0 file; no official client library is published | Proprietary hosted API under Gemini's user agreement. The developer-platform repository (MCP server, TypeScript and Go SDKs, samples and skills) is Apache-2.0 |
| Tools exposed | 0 | 87 |
| Read-only variant documented | no | yes |
| llms.txt | yes | yes |
| Last release | 2026-10-13 | 2026-10-28 |
| Terms last updated | 2026-08-13 | couldn't be read |
| Privacy policy last updated | no document linked | no date given |
| Customer content may train models | not found in the text | yes |
| Terms restrict automated access | yes | couldn't be read |
| Terms restrict benchmarking | not found in the text | couldn't be read |
| Terms or service can change without notice | not found in the text | couldn't be read |
| Arbitration or class-action waiver | not found in the text | couldn't be read |
| Popularity | none | 8 stars, 99 npm/wk |
Verdicts
Deribit
Deribit's JSON-RPC API has scoped keys with IP and expiry limits, asymmetric signing, an OpenAPI file, numeric rate limits and a 64-entry changelog. There is no official MCP server or client library, the fee schedule, terms and privacy policy sit on a support site that refused our reader, and the status page did not resolve.
Gemini Exchange API
Gemini publishes an OpenAPI and AsyncAPI contract, API key roles that keep withdrawals off a trading key, a funded sandbox, and an official MCP server whose tools carry read-only and destructive annotations and a confirm gate. Client order ids are not checked for duplicates, there is no SLA, and UK, EEA and Australian accounts closed in April 2026.
Before you call either
Deribit
- Create the key with
trade:read_writeandwallet:none, anip:limit and anexpiresvalue; keepaccount:readunless the task edits subaccounts - Authenticate with
client_signatureor an Ed25519 key over WebSocket rather thanclient_credentialsover HTTP, which puts the secret in the URL - Watch the
limitsfield ofprivate/get_account_summaryand back off on error 10028; a session that runs out of credits is closed and must reconnect - Send a
noncewith orders so a retry after a timeout does not place a second order, and treatorder_not_foundon cancel as a possible fill - Develop against https://test.deribit.com/api/v2 first; production and test need separate accounts and keys
Gemini Exchange API
- Create a Trader key for order flow and a separate Fund Manager key only if withdrawals are in scope; never combine them, and keep the secret out of prompts and logs
- Set a
client_order_idper order and look it up withget_order_statusbefore resending after a timeout, because Gemini does not reject duplicates - Start on api.sandbox.gemini.com with the same code; sandbox apps register at once, production OAuth apps wait for Gemini's review
- Stay under 1 public and 5 private requests a second; a 429 keeps answering 429 until the rate falls, with no Retry-After to read
- Check the person's country against the availability page first; UK, EEA and Australian accounts were closed on 6 April 2026
Questions
Which is better for AI agents, Deribit or Gemini Exchange API?
Gemini Exchange API scores 74.6 (BB) on agent readiness against Deribit's 59 (C), and leads in 6 of 7 scored categories.
Do Deribit and Gemini Exchange API need an API key?
Deribit needs an API key. Gemini Exchange API takes an API key or an OAuth sign-in.
Can an agent call Deribit and Gemini Exchange API without installing anything?
No hosted endpoint is listed for Deribit. Gemini Exchange API runs on your own machine, with no hosted endpoint listed.
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Machine-readable
- This page as Markdown
/compare/deribit-vs-gemini-exchange.md· slim.min.md· JSON.json(or sendAccept: text/markdown) - Each listing in full
/api/v1/tools/deribit.json·/api/v1/tools/gemini-exchange.json - From a terminal
anchor compare deribit gemini-exchange(the CLI) - Over MCP
compare_tools {"a": "deribit", "b": "gemini-exchange"}at/mcp, no key