Coinbase-Deribit Upgrade: VARA Broker-Dealer License Expands Asset Universe

Deribit, now owned by Coinbase, has obtained a VARA broker-dealer license from Dubai's Virtual Assets Regulatory Authority.

The new license allows Deribit to upgrade its spot product and route spot buy, sell, and trade orders to Coinbase Exchange for execution.

This move expands the available asset universe, deepens liquidity, and tightens spreads, according to Coinbase.

A small number of assets will continue to be executed on Deribit's own order book as a fallback.