Deribit's Dubai Expansion Brings Deeper Liquidity to Crypto Traders

Deribit's recent expansion into Dubai has significant implications for crypto traders in the region. The exchange has obtained a Dubai Broker-Dealer Licence, allowing it to upgrade its spot offering and provide deeper liquidity to clients.

The partnership with Coinbase is expected to give Deribit clients 'significantly deeper liquidity,' with hundreds more assets set to be made available for trading.

This could lead to better BTC and ETH trade execution for Dubai users, as a deeper order book means more buyers and sellers at different prices. This can help close the gap between the price seen and the actual price obtained, particularly important for big trades where low liquidity can result in slippage.