According to @charlesdhaussy, Deribit is the world’s leading crypto options exchange with over $1 trillion in trading activity in 2024 and more than $30 billion in open interest, and it selected Dubai as its global HQ in 2023 (source: @charlesdhaussy). According to @charlesdhaussy, Deribit was acquired by Coinbase in 2025 (source: @charlesdhaussy). According to @charlesdhaussy, the relocation from Amsterdam was driven by Dutch laws covering spot but not derivatives clearing needed for options, with the UAE chosen after evaluating Panama, the Bahamas, and Singapore (source: @charlesdhaussy). According to @charlesdhaussy, Deribit worked directly with Dubai’s VARA to develop an options with leverage framework with strict security, certifications, audits, and enterprise risk management standards (source: @charlesdhaussy). According to @charlesdhaussy, Deribit’s One Central office sits alongside Binance and OKX within an ecosystem of 500+ crypto firms, and Dubai is positioned as the center of Deribit’s non-US institutional crypto activities with clients regularly stopping over in the city (source: @charlesdhaussy).