Deribit Secures Dubai Broker-Dealer License via Coinbase

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. What the New License Changes Deribit’s Broker-Dealer Licence from Dubai’s Virtual Assets Regulatory Authority (VARA) means the exchange’s spot buy, sell, and trade orders…