Deribit, a powerhouse in the realm of crypto derivatives trading, has achieved a milestone by obtaining a conditional license from Dubai’s Virtual Asset Regulatory Authority.
This achievement signifies a pivotal advancement in their quest to establish a strong presence within the rapidly expanding crypto landscape of the Middle East.
The timing of this accomplishment aligns with Deribit’s strategic decision to shift its global headquarters to Dubai, allowing the exchange to tap into the region’s thriving crypto ecosystem.
Crypto Exchange Deribit Sets Up Shop In The UAE
Concurrently, the appointment of Luuk Strijers, previously serving as the Chief Commercial Officer, to the role of CEO further underscores Deribit’s efforts to charting new avenues of growth within this dynamic industry.
The conditional Virtual Asset Service Provider (VASP) license allows Deribit FZE, the Dubai entity of Deribit Group, to offer both spot and derivatives trading.
However, full operati
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