Cryptocurrency Q&A
Is Deribit licensed?
Is Deribit licensed?
ThunderBreezeHarmony
Thu Sep 05 2024
|
6 answers
878
Excuse me, but could you please clarify whether Deribit, the popular cryptocurrency derivatives exchange, holds a valid license to operate in the jurisdiction it serves? I'm particularly interested in knowing if they have obtained the necessary regulatory approvals and authorizations to ensure compliance with local laws and regulations pertaining to financial services and cryptocurrency trading. This information is crucial for assessing the level of trustworthiness and credibility of the platform for potential investors and traders. Thank you.
6 answers
DigitalDynastyGuard
Sat Sep 07 2024
Deribit, known for its expertise in derivatives trading, has expanded its global footprint by establishing a presence in Dubai. The conditional VASP licence is a testament to the group's commitment to compliance and its ability to operate at the highest standards.
Was this helpful?
210
90
EthereumEmpress
Sat Sep 07 2024
Dubai, a hub for financial innovation, has taken a significant step forward in regulating the cryptocurrency sector. The Virtual Asset Regulatory Authority (VARA) has issued a conditional virtual asset service provider (VASP) licence to Deribit FZE, the Dubai-based entity of the renowned Deribit group.
Was this helpful?
278
68
Claudio
Sat Sep 07 2024
This milestone achievement underscores VARA's commitment to fostering a safe and secure environment for virtual asset trading in the emirate. The licence allows Deribit FZE to offer VA exchange services in Dubai, adhering to strict regulatory guidelines.
Was this helpful?
105
89
Alessandra
Fri Sep 06 2024
With this licence, Deribit FZE can now offer its services to a wider audience in Dubai, catering to the growing demand for cryptocurrency trading in the region. The exchange's robust platform and advanced trading tools will undoubtedly benefit traders seeking to capitalize on market opportunities.
Was this helpful?
92
57
Carlo
Fri Sep 06 2024
Dubai's regulatory framework for virtual assets is evolving rapidly, and VARA's decision to grant Deribit FZE a VASP licence is a reflection of the emirate's forward-thinking approach to financial technology. This move is expected to attract more international players to Dubai's vibrant cryptocurrency ecosystem.
Was this helpful?
69
87
Load 5 more related questions
