"The World's Largest Cryptocurrency Options Exchange Deribit Considering Entry into the US Market"
Summary
- The world's largest cryptocurrency options exchange Deribit is reportedly actively reconsidering entering the US market.
- Deribit stated that it is exploring positive entry possibilities due to favorable changes in the US regulatory environment.
- It was added that competitor Kraken is strengthening its market offensive by acquiring a derivatives platform.
The world's largest cryptocurrency options exchange, Deribit, is reportedly actively reconsidering entering the US market.
On the 3rd, cryptocurrency-focused media outlet Cointelegraph, citing a report from the Financial Times (FT), stated, "With the regulatory environment in the US turning favorable, Deribit is exploring re-entry into the US market." Deribit, headquartered in Dubai, recorded a nominal trading volume of $1.3 trillion last year.
Luuk Strijers, CEO, said in an interview with FT, "The regulatory stance on cryptocurrencies in the US is becoming more positive," and "We are actively reconsidering potential opportunities."
The media added, "Deribit's move comes amid competitors like Kraken expanding into the derivatives market." Notably, Kraken recently continued its market offensive by acquiring the derivatives trading platform NinjaTrader for $1.5 billion.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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