Secure

Planet

Dubai

<div class="intro-text">
 Deribit FZE, the Dubai entity of Deribit Group, has obtained a conditional Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Asset Regulatory Authority (VARA).&nbsp;
</div>
According to a recent <a style="color: #0000ff;" href="https://insights.deribit.com/exchange-updates/deribit-first-derivatives-exchange-to-receive-vara-regulatory-approval/" rel="noopener noreferrer nofollow">statement</a> published by the platform, the licence covers spot and derivatives trading and will remain non-operational until Deribit fully satisfies all remaining conditions and localisation requirements defined by the regulator.&nbsp;
Notably, this licence makes Deribit, an already leading crypto derivative options platform, the first derivatives exchange to receive regulatory approval from VARA. This development signifies a significant stride not only for Deribit but also for the wider digital asset trading sphere.
<h2 id="span-style-font-weight-400-deribit-moves-its-global-headquarters-to-dubai-appoints-new-executives-span">Deribit Moves its Global Headquarters to Dubai, Appoints New Executives</h2>
Meanwhile, Deribit has also made strategic organizational changes, including relocating its global headquarters from Panama to Dubai.
Once operational, Deribit will serve institutional and qualified investors in the region and continue to serve its retail client base from its broker affiliate in Panama. However, Deribit must still complete some steps before officially launching its platform in Dubai.&nbsp;
The firm anticipates that its incorporation into Dubai’s robust regulatory framework for crypto venues will appeal to traditional financial institutions and sophisticated investors, thereby augmenting its market reach and credibility.
In tandem with this transition, Luuk Strijers was promoted to the Chief Executive Officer role after acting as the firm’s Chief Commercial Officer since 2019. Two Non-Executive Directors were also appointed.
Commenting on his appointment, Strijers remarked: 
“Being appointed CEO at this crucial time is a huge honour. VARA’s progressive regulatory framework opens up vast opportunities in the digital asset realm. Our strong position in the crypto options market reflects the trust our clients have in us. I’m thrilled to work with our loyal clientele and drive Deribit’s innovation as we continue to lead in the evolving crypto marketplace.”
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/04/deribit-becomes-first-crypto-derivative-platform-to-secure-regulatory-approval-from-dubais-vara/" rel="noopener noreferrer nofollow">Deribit Becomes First Crypto Derivative Platform to Secure Regulatory Approval from Dubai’s VARA</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Deribit Becomes First Crypto Derivative Platform to Secure Regulatory Approval from Dubai’s VARA

Indice dei contenuti

DeFi Planet

Altri articoli pubblicati su 2 apr 2024

XRP And XLM Blast: Analyst’s 20X Rally Projection To ‘Melt Faces’

Investor focus shifts to new memecoin amid Solana’s market dip

Binance Announces Addition of Wormhole Coin to Trading Platform

Teacher Recruitment and Retention Crisis Remains a Grave Concern

Aptos (APT) and Avalanche (AVAX) Stakeholders Swarm to Pushd (PUSHD) Presale, Foreseeing an E-Com...

Consensys Defends Ethereum’s PoS Against SEC Concerns, Advocates for Approval of Spot Ether ETFs

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!