Deribit Secures Virtual Asset Provider License in Dubai, Eyeing Global Headquarters Move
In a crucial expansion move, Deribit's Dubai-based unit, Deribit FZE, has secured a conditional virtual asset provider (VASP) license from the prestigious Dubai Virtual Asset Regulatory Authority (VARA). This strategic milestone permits Deribit to extend its operations as a virtual asset exchange for both spot and derivatives trading. However, before becoming fully operational, the firm must fulfill additional conditions and adhere to local requirements.
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