Deribit, the world's premier crypto options exchange, has achieved a significant milestone with its Dubai-based arm, Deribit FZE, securing a conditional virtual asset provider (VASP) license from local regulators. While the license is currently nonoperational, pending completion of all requisite conditions and local regulations set by Dubai's Virtual Asset Regulatory Authority (VARA), it positions Deribit to cater to institutional and qualified investors, alongside its existing retail clientele serviced through its Panama-based affiliate. The exchange also revealed plans to relocate its global headquarters from Panama to Dubai, with Luuk Strijers, former Chief Commercial Officer, stepping up as the new CEO.