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Crypto Exchange Deribit's Dubai-Based Unit Wins Conditional VASP License

Deribit, the world’s leading crypto options exchange, said on Tuesday that its Dubai-based unit, Deribit FZE, has won a conditional virtual asset provider (VASP) license from the local regulator. The license allowing FZE to operate as a virtual asset exchange for spot and derivatives trading remains nonoperational until Deribit satisfies all remaining conditions and local requirements of Dubai’s Virtual Asset Regulatory Authority (VARA), Deribit said in the press release. The license, once operational, will allow Deribit to serve institutional and qualified investors while continuing to serve. The exchange also said it is looking to shift its global headquarters to Dubai from Panama.

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