Deribit Withdraws from Russian Market to Comply with EU Regulations
YM Lee
Summary
- Deribit announced its decision to withdraw from the Russian market to comply with EU regulations.
- Deribit stated that it will support close-only trading for Russian users starting February 17.
- The service suspension will be effective from March 29.
Cryptocurrency derivatives exchange Deribit is withdrawing from the Russian market to comply with European Union (EU) regulations.
According to a report by Cryptopolitan on the 6th (local time), Deribit announced, "Due to the EU's sanctions against Russia, Deribit can no longer accept Russian nationals and residents as customers."
Deribit Russian users will only be supported for close-only trading starting February 17, and all services will be unavailable from March 29.
YM Lee
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