Deribit Eyes U.S. Expansion Amid Favourable Crypto Climate
- Deribit is exploring U.S. entry amid favourable regulation.
- Talks with Coinbase could ease market access.
- Competition grows with Kraken’s $1.5B NinjaTrader deal.
Deribit, the world’s largest crypto options exchange, is considering expanding into the United States, driven by a perceived shift toward a more crypto-friendly regulatory environment under President Donald Trump’s administration.
According to a May 3 report by the Media House, Deribit CEO Luuk Strijers revealed that the Dubai-based platform is “actively reassessing potential opportunities” in the U.S. The platform processed over $1.3 trillion in notional volume in 2023, highlighting its growing dominance in the derivatives market.
Strijers cited the “recent shift toward a more favourable regulatory stance on crypto in the U.S.” as a main motivating factor. This represents a possible turning point for Deribit, which had otherwise stayed out of the U.S. market amid tighter supervision and ambiguous regulations.
Coinbase Acquisition Talks Add Momentum
Deribit’s U.S. expansion ambitions come as acquisition rumours gain traction. In March, Bloomberg reported that Coinbase is in advanced talks to acquire Deribit. Both companies have reportedly informed regulators in Dubai, where Deribit holds its operational license. If a deal is finalised, the license would need to be transferred to Coinbase.
A merger with Coinbase, which is one of the most established and regulated crypto companies in the U.S., might make Deribit’s entry into the American market smoother.
The timing of Deribit’s action is opportune. Rival exchanges such as Kraken are also gunning for the rapidly expanding crypto derivatives market. Kraken has recently bought NinjaTrader for $1.5 billion, which indicates growing competition in this area.
Deribit’s potential to enter the U.S. market can potentially recast the picture for crypto derivatives trading, provided the regulatory environment keeps improving towards digital assets.Unread Message
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Deribit Eyes U.S. Expansion Amid Favourable Crypto Climate
- Deribit is exploring U.S. entry amid favourable regulation.
- Talks with Coinbase could ease market access.
- Competition grows with Kraken’s $1.5B NinjaTrader deal.
Deribit, the world’s largest crypto options exchange, is considering expanding into the United States, driven by a perceived shift toward a more crypto-friendly regulatory environment under President Donald Trump’s administration.
According to a May 3 report by the Media House, Deribit CEO Luuk Strijers revealed that the Dubai-based platform is “actively reassessing potential opportunities” in the U.S. The platform processed over $1.3 trillion in notional volume in 2023, highlighting its growing dominance in the derivatives market.
Strijers cited the “recent shift toward a more favourable regulatory stance on crypto in the U.S.” as a main motivating factor. This represents a possible turning point for Deribit, which had otherwise stayed out of the U.S. market amid tighter supervision and ambiguous regulations.
Coinbase Acquisition Talks Add Momentum
Deribit’s U.S. expansion ambitions come as acquisition rumours gain traction. In March, Bloomberg reported that Coinbase is in advanced talks to acquire Deribit. Both companies have reportedly informed regulators in Dubai, where Deribit holds its operational license. If a deal is finalised, the license would need to be transferred to Coinbase.
A merger with Coinbase, which is one of the most established and regulated crypto companies in the U.S., might make Deribit’s entry into the American market smoother.
The timing of Deribit’s action is opportune. Rival exchanges such as Kraken are also gunning for the rapidly expanding crypto derivatives market. Kraken has recently bought NinjaTrader for $1.5 billion, which indicates growing competition in this area.
Deribit’s potential to enter the U.S. market can potentially recast the picture for crypto derivatives trading, provided the regulatory environment keeps improving towards digital assets.Unread Message
Highlighted Crypto News Today:
EU moves to ban privacy coins and anonymous wallets by 2027
Читать больше
Kraken's Quarterly Revenue Jumps 19% to $472M in Q1, Trading Volume Rises by 29%