Deribit, the top crypto options exchange, secured a conditional VASP license in Dubai through its unit, Deribit FZE. The license, pending fulfillment of local requirements, enables spot and derivatives trading. Deribit aims to relocate its HQ to Dubai and appointed a new CEO, Luuk Strijers. With over 85% of global crypto derivatives activity, Deribit plans to elevate platform standards post-ISO and SOC2 certifications.