Deribit, the largest crypto choice exchange worldwide, weighs an entry into the US market, encouraged by what it sees as a lovely regulatory climate under President Donald Trump’s administration, according to a recent Financial Times report.
The based on Dubai Replaceprocessing $ 1.3 trillion in last year’s notional volume, was “active re -reviewing potential opportunities” in the United States, CEO Luuk Strijers said The ft.
He noted the “recent move towards a more interesting crypto regulation in the US” as a major motivator behind the decision.
Deribit’s potential plan to expand in the US is in the midst of reports that Coinbase is in advanced negotiations to get the platform.
In a March 21 report, Bloomberg said both companies had Regulators in Dubaiwhere the deribit is licensed. If the deal is that -finalize, the license will need to be moved to Coinbase.
Moving will come as competitors like Kraken who are also pursuing the growth in the derivatives space, with it Recent $ 1.5 billion taking or ninjatrader.
Report: The Deribit Options Exchange Checks Purchase Offers: Report
Crypto companies target the US expansion
Deribit joined a growing list of European and Asian crypto companies exploring US expansion.
Shift will come after a period of hate in regulation during biden management, following the FTX collapse in late 2022.
The time saw an aggressive cracking from the SEC and DOJ, which motivated many companies to withdraw from US operations. However, the narrative appears to be moving under Trump, who has Pledged to “make the US the crypto capital of the world. “
Since success in Trump’s election, the SEC has dropped or stopped in a dozen cases of implementation against crypto companies.
In addition, the Department of Justice recently announced the Diping its cryptocurrency implementation unitSigned a softer approach to the sector.
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This hands-on approach appears to strengthen industry confidence.
OKX, for example, is revealed plans to be established A US headquarters in San Jose, California, just a few months after a $ 504 million case to the US authorities.
On April 28, Nexo, who left the US by the end of 2022 cites a lack of clarity of regulationrevealed that it is Re -adjusting the US market.
Switzerland’s Wintermute and DWF Labs of Switzerland are among other major crypto players who have shown interest in exploring US expansion.
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