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Deribit announced that its entity Deribit FZE is licensed by the Virtual Assets Regulatory Authority (VARA) to provide virtual asset exchange services, while DRB Panama Inc. operates without regulation and serves both retail and non-retail investors.
Deribit stated that its entity, Deribit FZE, is licensed by the Virtual Assets Regulatory Authority (VARA) to provide virtual asset exchange services. However, Deribit FZE does not offer derivatives to retail investors. The announcement also noted that DRB Panama Inc. operates without regulatory oversight and serves both retail and non-retail investors. No additional details about the services or regulatory framework were provided in the post.
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Deribit is a cryptocurrency exchange established in 2016 that specializes in futures and options trading for assets such as BTC, ETH, USDC, SOL, XRP, LUNA, and AVAX. The platform features the TradingView terminal with integrated technical analysis, leverage up to 50x, various order types, and fixed commission fees below market average. For more details, you can read the full review on Traders Union.
For more context, our previous Deribit update on Traders Union covered how the major quarterly options expiry concentrated risk around key bitcoin strikes and discussed the impact of dealer hedging and potential volatility shifts. This backdrop provides useful insight into the ongoing developments in the crypto derivatives market involving Deribit.