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With Trump in Power, Deribit Targets US Market Entry – Big Moves Ahead for Crypto Derivatives!
Deribit, the world’s largest crypto options exchange, has announced its intention to enter the US market. This significant move comes as a result of the more crypto-friendly stance taken by the administration under President Donald Trump.
This shift in regulatory tone is expected to pave the way for global crypto firms like Deribit to re-enter the US market, with the latter “actively reassessing” its entry into the American market, according to CEO Luuk Strijers.
As a direct consequence of this new approach, other major crypto firms are also reconsidering their stance on entering the US market. OKX has already announced plans to open a US headquarters in San Jose, California, and Nexo has expressed its intention to re-enter the US market after previously leaving due to unclear regulations in 2022.
The move by Deribit is seen as a significant development for crypto derivatives, with Strijers stating that they are “not just looking at the US market but also other major jurisdictions.”
Source: https://coinpedia.org/news/with-trump-in-power-deribit-targets-us-market-entry-big-moves-ahead-for-crypto-derivatives/
