Deribit to Route Most Spot Orders to Coinbase under New Dubai Licence

Deribit has received a Broker-Dealer Licence from Dubai's Virtual Assets Regulatory Authority (VARA), allowing the Coinbase-owned crypto derivatives platform to route most spot orders to Coinbase Exchange for execution. Deribit will remain the client-facing venue and retain its derivatives ecosystem, while Coinbase Exchange will provide main execution and liquidity for the upgraded spot product.…