Deribit has secured a Broker-Dealer Licence from Dubai’s VARA .The licence allows Deribit’s spot orders to be routed directly to Coinbase Exchange. The upgraded platform will offer deeper liq
- Deribit has secured a Broker-Dealer Licence from Dubai’s VARA
- .The licence allows Deribit’s spot orders to be routed directly to Coinbase Exchange.
- The upgraded platform will offer deeper liquidity, more assets, and future collateral support for derivatives trading.
Deribit, a subsidiary of Coinbase, has been granted a Broker-Dealer Licence by Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant milestone for the exchange’s expansion in the region.
The new licence enables a major enhancement to Deribit’s spot trading platform. Under the upgraded model, spot buy, sell, and trade orders placed on Deribit will be routed directly to Coinbase Exchange for execution.
The integration is expected to provide clients with deeper liquidity and access to hundreds of additional digital assets, strengthening Deribit’s spot market offering.
Expanded Functionality for Traders
Beyond improved liquidity, the upgraded platform is designed to offer greater flexibility for active traders.
Following the necessary regulatory approvals, digital assets purchased through Deribit’s enhanced spot platform will also be eligible for use as collateral in derivatives trading on the exchange. This feature could streamline capital management by allowing users to deploy the same assets across both spot and derivatives markets.
The changes are intended to improve trading efficiency while expanding the range of services available to institutional and professional clients.
Coinbase Subsidiary Deribit Secures Broker-Dealer Licence from Dubai's VARADeribit, a Coinbase company, has been granted a Broker-Dealer Licence by Dubai's Virtual Assets Regulatory Authority (VARA). The licence enables a major upgrade to Deribit's spot trading product,… pic.twitter.com/om5ywDNbZO
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Dubai Continues to Attract Crypto Firms
The Deribit VARA licence underscores Dubai’s growing role as a global hub for regulated digital asset businesses.
With regulatory approvals enabling closer integration between Deribit and Coinbase Exchange, the company is positioned to enhance its product offering while benefiting from increased market liquidity. Industry participants will be watching the rollout of the upgraded platform and any further regulatory approvals tied to collateral functionality.