TechFlow news — Deribit, the world's leading crypto options exchange, has announced that its Dubai branch, Deribit FZE, has received a conditional Virtual Asset Service Provider (VASP) license. This license permits Deribit FZE to operate as a virtual asset exchange offering spot and derivatives trading; however, it remains non-operational until all conditions and requirements set by Dubai’s Virtual Assets Regulatory Authority (VARA) are fulfilled.
Once the license becomes effective, Deribit will be able to serve institutional and qualified investors, while continuing to provide services to retail investors through its brokerage affiliate headquartered in Panama.
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