Deribit eyes US expansion under crypto-friendly Trump admin
Deribit, the largest crypto options exchange globally, is considering expansion into the US, motivated by a more favorable regulatory climate under President Trump's administration. The company's CEO, Luuk Strijers, mentioned that the recent shift in regulatory stance towards cryptocurrency in the US is a significant reason for their reassessment of opportunities. This prospective move aligns with other global firms, such as Coinbase, which is reportedly in talks to acquire Deribit. The expansion considerations come after a period of regulatory hostility during the Biden administration that prompted many firms to withdraw from US operations. Since Trump's election, the SEC has paused several enforcement cases against crypto companies, indicating a softer approach towards the sector. Additionally, other firms like OKX and Nexo have shown interest in establishing US operations, reflecting growing confidence in the market's reopening. Deribit's potential US entry highlights a notable trend of European and Asian crypto companies exploring expansion in the American market following regulatory changes.
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