Coinbase Stock Rises as Deribit Secures VARA Licence in Dubai

Coinbase stock is in focus as Deribit, a derivatives platform acquired by Coinbase, secured a VARA Broker-Dealer Licence from Dubai's Virtual Assets Regulatory Authority (VARA).

This licence allows Deribit to route spot buy, sell, and trade orders directly to Coinbase Exchange for execution.

The new approval changes the scale of Deribit's service by bringing Coinbase Exchange liquidity into the platform, giving users deeper market access and hundreds of additional assets.

Coinbase for Agents supports over 900 trading pairs and portfolio tools for AI applications, with CEO Brian Armstrong describing it as a starting point for the next $1 billion hedge fund.