CandleFocus Deribit to Migrate All Activities to Its Dubai-Licensed Entity
2024-11-29
Author: Content Editor
Cryptocurrency options trading platform Deribit will launch spot and derivatives trading in the UAE from 1 January 2025. The move follows the platform receiving a licence from Dubai's Virtual Assets Regulatory Authority (VARA) and relocating its headquarters to the city. Deribit plans to transfer $50bn in open interest to its Dubai entity and will consolidate all flows and activities into the new entity. The platform will onboard qualified and institutional clients directly under the Dubai-regulated entity and will continue to service retail clients through its existing Panama-based entity.
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