Deribit Wins Dubai Licence to Tap Coinbase Liquidity
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Deribit secured a Broker Dealer Licence from Dubai's Virtual Assets Regulatory Authority (VARA), allowing it to route spot orders through Coinbase Exchange. This builds on its January 2025 VARA Exchange Service licence and adds Coinbase's centralized orderbook to Deribit's execution options. The move should deliver tighter spreads, deeper CEX liquidity, broader asset access and the ability to use purchased assets as collateral for derivatives, supporting crypto adoption and institutional access.
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Deribit has secured a Broker Dealer Licence from Dubai’s Virtual Assets Regulatory Authority (VARA), strengthening its spot trading business. The approval lets Deribit route spot orders through Coinbase Exchange, giving clients access to deeper liquidity and more assets.
Coinbase Liquidity Expands Deribit’s Spot Offering
Deribit already operates spot trading under its VARA Exchange Service licence, which it received in January 2025. However, the new approval adds Coinbase’s centralized orderbook to its execution options.
Consequently, traders could benefit from tighter spreads and improved execution across a wider selection of digital assets. Additionally, Deribit clients can use purchased assets as collateral for derivatives trading, subject to regulatory approval.
The expanded service targets retail, qualified and institutional investors. Besides Coinbase liq…
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