Bitcoin options exchange Deribit in move to Dubai

The trading platform, which has been based in Panama since 2020, is preparing to open a Dubai office with about 10 people. — Reuters

DUBAI: Deribit, the world’s biggest bitcoin and ether options exchange, is making plans to relocate to Dubai as soon as the third quarter if authorities in the crypto-friendly emirate provide more clarity on regulations.

The trading platform, which has been based in Panama since 2020, is preparing to open a Dubai office with about 10 people, a mix of core employees and local hires, David Dohmen, chief legal compliance and regulatory officer at Deribit, said in an interview.