Crypto Updates

Deribit Secures Conditional Dubai VASP License, Names Luuk Strijers CEO


Deribit FZE, the Dubai-based arm of Deribit Group, a firm in
the cryptocurrency derivative options market, has announced the acquisition of
a conditional Virtual Asset Service Provider (VASP) license from Dubai’s
Virtual Asset Regulatory Authority (VARA). This license, covering both spot and
derivatives trading, remains non-operational until Deribit fulfills all
remaining conditions and localized requirements outlined by VARA.

As part of its strategic moves, Deribit is in the process of
relocating its global headquarters to Dubai. The appointment of Luuk Strijers
as the Chief Executive Officer, along with the addition of two Non-Executive
Directors, marks significant leadership changes within the organization.
Strijers, who joined Deribit in 2019 as the Chief Commercial Officer, brings
nearly two decades of experience, including tenure at SGX, to his new role.

Luuk Strijers, CEO, Deribit FZE, Source: LinkedIn

Strijers commented on the news: “Being appointed CEO at this
crucial time is a huge honour. VARA’s progressive regulatory framework opens up
vast opportunities in the digital asset realm. Our strong position in the
crypto options market reflects the trust our clients have in us. I’m thrilled
to work with our loyal clientele and drive Deribit’s innovation, as we continue
to lead in the evolving crypto marketplace.”

Deribit’s operational expansion into Dubai aims to cater to
institutional and qualified investors, leveraging its advanced technology
platform. The firm also plans to maintain services for its retail clientele
through its broker affiliate in Panama, which is linked to Deribit FZE in

Deribit Readies for Dubai Exchange Launch

John Jansen, Co-Founder of Deribit, Source: LinkedIn

Details regarding the official launch of the exchange

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