Crypto derivatives firm Deribit moves to Dubai after winning VARA approval

The Dubai subsidiary of Deribit group, Deribit FZE, has received a Virtual Asset Service Provider license from Dubai’s Virtual Asset Regulatory Authority , Deribit

According to the announcement, the exchange will soon share launch plans, terms and the exact timing to start operating under the new licensed entity. In addition to winning the license, Deribit will be relocating its global headquarters from Panama to Dubai, appointing its former chief commercial officer Luuk Strijers as the new CEO.According to Deribit co-founder John Jansen, the obtaining of the conditional VASP license from VARA is “not just a regulatory milestone” but rather a sign of the company’s commitment to providing a secure and transparent platform.

Cointelegraph approached Deribit for a comment regarding the VARA license but did not receive a response at the time of publication.

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