Deribit Unlocks Coinbase Liquidity with VARA Licence

Deribit, a cryptocurrency derivatives exchange now owned by Coinbase, has secured a crucial regulatory approval from Dubai's Virtual Assets Regulatory Authority (VARA). The Broker Dealer Licence will enable Deribit to access liquidity on Coinbase Exchange for spot orders. This development is significant for Deribit's Spot Market, which can now tap into the vast liquidity pool of one of the world's leading cryptocurrency exchanges.

The licence allows Deribit to route spot orders to Coinbase Exchange for execution, increasing the platform's capacity and competitiveness in the market. The move is expected to enhance trading experiences for clients by providing greater flexibility and improved pricing.

This approval marks another milestone in Deribit's integration with Coinbase since its acquisition last year. As a result of this licence, Deribit will be able to expand its services and offer better trading opportunities for its users.