Delibit, the exchange of larger cryptographic options in the world, is weighing an entry into the US market, encouraged by what you see as a more friendly regulatory climate under the administration of President Donald Trump, according to a recent report by the Financial Times.
Dubai’s headquarters, which prosecuted $ 1.3 billion in notional volume last year, is “actively reassessing potential opportunities” in the United States, said CEO Luuk Strijers to FT.
He cited the “recent change towards a more favorable regulatory position on cryptography in the United States” as a key motivator to be the decision.
Deribit’s potential plan to expand to the US.
In a March 21 report, Bloomberg said both companies have notified regulators in Dubai, where the detribit is licensed. If the agreement is final, the license would need to be transferred to Coinbase.
The measure occurs when competitors such as Kraken also pursue growth in the derivatives space, with its recently $ 1.5 billion of acquisition of ninjatrader.
Report: Delibit Options Exchange is evaluating purchase offers: Report
Cryptographic companies are directed to the expansion of the United States
Delibit joins a growing list of European and Asian cryptographic companies that explore US expansion.
The change occurs after a period of regulatory hostility, the Biden administration, after the FTX collapse at the end of 2022.
That time saw an aggressive repression of the SEC and the Department of Justice, which led many companies to withdraw from US operations. However, the narrative seems to be changing under Trump, who has committed to “make the United States the cryptographic capital of the world.”
Since Trump’s electoral victory, the SEC has fallen or detained on cases of application of boxes against cryptographic companies.
In addition, the Department of Justice recently announced the dissolution of its cryptocurrency compliance unit, indicating a softer approach to the sector.
Related: Tether CEO to adopt a ‘cautious’ approach for the expansion of us, the highest earnings.
This practical approach seems to be promoting the confidence of the industry.
OKX, for example, has announced plans to establish a United States headquarters in San José, California, only a few months after resolving a case of $ 504 million with US authorities.
On April 28, Nexo, which left the US. At the end of 2022 citing a lack of regulatory clarity, he revealed that he is restarting the US market.
The Wintermute and Dubai DWF laboratories are among other important cryptographic players that have shown interest in exploring the expansion of the United States.
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