Cryptocurrency Options Exchange Deribit Considers Expanding to the US, Driven by Trump's Crypto-Friendly Policy.
Deribit – the world's largest cryptocurrency options exchange based in Dubai – is considering expanding operations to the US market. This decision is driven by new commitments from President Donald Trump to make the US a global center for digital assets, according to information from Financial Times.
With a trading volume of 1.3 trillion USD last year, Deribit is joining the wave of crypto businesses like OKX and Nexo targeting the US market after the Trump administration introduced a series of supportive policies for this sector. These policies include stopping lawsuits from the US Securities and Exchange Commission (SEC) and supporting bitcoin mining activities.
Legal Challenges Remain Complex
Despite the positive prospects, Deribit's CEO Luuk Strijers also issued a warning about the complex legal challenges in providing derivative products in the US market. He emphasized: "Providing crypto derivative products in the US market requires overcoming specific legal barriers and cannot be quickly implemented without a clear licensing mechanism."
The crypto derivatives market in the US remains under strict control from regulatory agencies like the SEC and Commodity Futures Trading Commission (CFTC). Despite positive signals from the new administration, changing the legal framework will take time and may require significant adjustments in the approach of regulatory agencies.
