Deribit FZE acquires a conditional license in Dubai, signaling a strategic move to cement its status in the city's crypto ecosystem.

Under new CEO Luuk Strijers, Deribit aims for the full VARA license to bolster platform quality and client trust.

The exchange's shift from Panama to Dubai aligns with the city's ambition to be a leading crypto hub.

The conditional license is a key step for Deribit to serve a broader investor base while meeting Dubai's regulatory standards.

Dominating the crypto derivatives market, Deribit's Dubai venture marks a significant leap towards global expansion and enhanced governance.