Deribit eyes US expansion under crypto-friendly Trump admin: FT
Deribit, the largest crypto options exchange, is considering entering the US market due to a perceived friendlier regulatory environment under President Trump. The Dubai-based exchange processed $1.3 trillion in notional volume last year and is reassessing opportunities in the US, as stated by CEO Luuk Strijers. This potential expansion coincides with reports of Coinbase negotiating to acquire Deribit, which would require transferring its Dubai license if finalized. The shift follows a period of regulatory hostility during the Biden administration, marked by SEC and DOJ crackdowns post-FTX collapse. Under Trump, the SEC has paused several enforcement actions, and the DOJ dissolved its cryptocurrency enforcement unit, indicating a softer approach. Other crypto firms, like OKX and Nexo, are also exploring US expansion, reflecting increased industry confidence.
