Deribit Exits Russian Market Amid EU Sanctions: What It Means for Crypto Traders

Quick Summary:

The company, based in the Netherlands, announced that it can no longer provide services to Russian citizens and residents unless they meet specific conditions.

Centralized exchanges that are not bound by EU regulations, such as OKX, Bybit, and some offshore platforms, could also see an influx of Russian users.

By cutting off Russian traders, Deribit risks losing a significant portion of its user base and trading volume.

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Article Details

Author / Journalist: Debashree Patra

Category: Crypto

Markets: United StatesBrazilChinaIndiaNetherlandsSwitzerlandUkraine

Topics: Crypto Regulations News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-08 @ 08:08:33 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 674 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 25978547

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News Last Updated: 13 hours ago

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