Deribit Secures Dubai Broker-Dealer License via Coinbase
WorldPing
Deribit, the derivatives exchange Coinbase acquired for $2.9 billion, secured a Broker-Dealer Licence from Dubai’s Virtual Assets Regulatory Authority (VARA) last week, routing its spot orders directly into Coinbase’s liquidity.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
Binance’s UK arm has been barred from offering regulated activities in the country since June 2021, but the company will reportedly move to secure licensing under new crypto rules.
Brief by WorldPing · Original reporting by Cointelegraph