Deribit's VARA Broker Dealer Licence Routes Spot Orders to Coinbase Exchange
COIN is trading near its 52-week low of $139.11 (8.0% above the low) on light trading volume (0.2× avg).
Summary
Deribit, now a Coinbase company, received a Broker Dealer Licence from Dubai's VARA, allowing its spot orders to route to Coinbase Exchange for execution. This connects Deribit's spot market to Coinbase's centralized orderbook, giving clients deeper liquidity, tighter spreads, and access to hundreds of additional assets. Assets bought through the upgraded spot product can also be used as collateral for derivatives trading on Deribit, subject to regulatory approval. The rollout is immediate, marking one of the clearest product integrations since the Coinbase-Deribit combination. This follows Coinbase's recent MiCA and FCA approvals, reinforcing its regulatory expansion. The move strengthens Coinbase's institutional liquidity network and could drive incremental trading volume.
At the time of this announcement, COIN was trading at $150.28 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $39.6B. The 52-week trading range was $139.11 to $402.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Coinpedia.