Bitcoin Options Exchange Deribit Looks to Relocate to Dubai
- Panama-based exchange seeks to re-register in third quarter
- Customers are looking for better regulated platforms after FTX
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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. Some employees will continue to be based in Panama. Deribit’s Netherlands-based parent company and related subsidiaries currently employ 95 people globally, roughly double year-ago levels.