Deribit moves headquarters to Dubai after VASP approval
Key Takeaways
- Deribit has obtained a virtual asset service provider license from Dubai VARA, allowing it to offer a range of cryptocurrency trading services in the region.
- The exchange plans to move its global headquarters from Panama to Dubai.
- The license reflects the exchange’s commitment to providing a secure, transparent and innovative trading platform.
Deribit, a leading cryptocurrency derivatives exchange, is gearing up for: Headquarters moved from Panama to Dubai Luuk Strijers takes over as new CEO.
This decision comes after the exchange achieved significant levels. Received regulatory approval from the Virtual Asset Regulatory Authority (VARA).
Did you know?
Do you want to become smarter and richer with cryptocurrency?
Subscribe – We post new cryptocurrency explainer videos every week!
Deribit FZE, the Dubai entity of Deribit Group, has been granted a Virtual Asset Service Provider (VASP) license. We are now able to provide spot and derivatives trading services in Dubai.
The license is It will go live if the exchange meets the remaining conditions and localization requirements. This is set by VARA.
Once your license is operational, Deribit will launch. We serve institutional and qualified investors. Retail customers will continue to be served through Panama-based broker affiliates.
Deribit co-founder John Jansen said:
Securing a conditional VASP license from VARA is not just a regulatory milestone. This is a sign of our firm commitment to providing users with a safe, transparent and innovative platform. <...>. By establishing our presence in Dubai, we are not only expanding our reach but also reaffirming our determination to remain a platform for transactions.
According to reports, Deribit It has become the fifth largest derivatives exchange. As of this writing, daily trading volume is over $2 billion.
Established in March 2022, VARA is the main regulator of virtual asset activities in Dubai. Authorities have been active in granting cryptocurrency trading licenses to major exchanges, including Binance.
Deribit’s recent regulatory approvals and relocation plans signal Dubai’s growing attractiveness as a global cryptocurrency hub, further strengthening the region’s aspirations to become a leading center for financial innovation and security.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst with an interest in data-driven and fact-based content, as well as content targeting both Web3 native users and industry newcomers.
Aaron is our go-to guy for all things digital currency. With a huge passion for blockchain and Web3 education, Aaron is working to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been quoted in several popular media outlets and is a published author himself. In his spare time, he enjoys researching market trends and looking for the next supernova.
