Deribit will relocate its headquarters to Dubai and is seeking a license

ChainCatcher news, according to The Block, the cryptocurrency derivatives exchange Deribit will relocate its headquarters to Dubai, as the company is seeking a full market product license under the Dubai Virtual Assets Regulatory Authority (VARA).

Deribit Chief Business Officer Luuk Strijers stated that the Dubai office will accommodate staff including management, compliance, and support roles. (The Block)