Crypto derivatives firm Deribit moves to Dubai after winning VARA approval

Deribit, one of the world’s largest exchanges offering options and futures for cryptocurrencies like Bitcoin $71,780, is relocating to Dubai after securing new local regulatory approval.

The Dubai subsidiary of Deribit group, Deribit FZE, has received a virtual asset service provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), Deribit announced on April 2.