Deribit, a prominent crypto derivatives platform, is setting up its new headquarters in Dubai, having successfully garnered significant local regulatory approval.

The move comes as Deribit secures a Virtual Asset Service Provider (VASP) license from the Virtual Asset Regulatory Authority (VARA) in Dubai, a milestone that underscores the platform's commitment to complying with regulatory standards and bolstering its operational capability in the region.

This license empowers Deribit's Dubai subsidiary, Deribit FZE, to extend its offerings to include crypto trading services within the city, encompassing both spot and derivatives trading markets such as futures and options.

This expansion into Dubai marks a significant step for Deribit, positioning it strategically within a rapidly evolving global crypto landscape.