The world’s leading crypto derivatives exchange Deribit has received a conditional Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Asset Regulatory Authority (VARA). Deribit is also relocating global headquarters to Dubai and promoting chief commercial officer Luuk Strijers as the new chief executive officer (CEO).
Deribit FZE Receives License in Dubai
Deribit FZE, the Dubai entity of Deribit group, becomes the first crypto derivatives exchange to receive regulatory approval from Dubai’s Virtual Asset Regulatory Authority (VARA), as per a press release on April 2. This marks a great development for the firm and crypto community.
The conditional Virtual Asset Service Provider (VASP) for virtual asset exchange services is subjected to fulfillment of specific conditions and qualifying for operational approval. The license applies to both spot and derivatives trading. The official launch will happen after the completion of the last formal steps with complete VARA
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