Deribit moves headquarters to Dubai after obtaining VASP license

After obtaining a VASP license, the cryptocurrency exchange Deribit will relocate its headquarters to Dubai to expand its cryptocurrency trading services in the region. The relocation of the headquarters signifies the exchange's commitment to compliance and its long-term vision for development in a regulated environment. Although Panama has been an important base of operations for the company, the move to Dubai reflects the strategic consistency with the rapidly developing cryptocurrency ecosystem in the region and its enormous potential for fintech enterprises.