Deribit first derivatives exchange to receive VARA Regulatory Approval
DUBAI, UAE, April 2, 2024 /PRNewswire/ -- Deribit FZE, the Dubai entity of Deribit group, the world's leading crypto derivative options platform, today announced it has received a conditional Virtual Asset Service Provider (VASP) licence from Dubai's Virtual Asset Regulatory Authority (VARA) for VA Exchange Services.
- DUBAI, UAE, April 2, 2024 /PRNewswire/ -- Deribit FZE, the Dubai entity of Deribit group, the world's leading crypto derivative options platform, today announced it has received a conditional Virtual Asset Service Provider (VASP) licence from Dubai's Virtual Asset Regulatory Authority (VARA) for VA Exchange Services.
- The licence covers both spot and derivatives trading and remains non-operational until Deribit fully satisfies all remaining conditions and select localisation requirements defined by VARA.
- The firm will work closely with VARA to complete the last formal steps in the process to enable it to officially launch the exchange in Dubai.
- Deribit has also disclosed that Dennis Dijkstra, Former CEO of Flow Traders, and industry veteran Willem Meijer, will become Non-Executive Directors (NEDs) for Deribit.