Hitting the eyes of expanding under a cordial cryptocurrency administrator Trump: FT

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Deribit, the world’s largest exchange of cryptocurrency options, destroys the entry into the American market, encouraged by what he considers a more cordial regulatory climate under the administration of President Donald Trump, in accordance with the last Financial Times report.

The stock exchange from Dubai, which last year processed USD 1.3 trillion, “actively assesses potential possibilities” in the United States, CEO of Luk Strijers he said theft.

He cited “the last change towards a more favorable regulatory attitude to the USA” as a key motivator of this decision.

The potential Deribit plan involving the expansion in the US among reports that Coinbase is in advanced negotiations to get the platform.

In the report of March 21, Bloomberg said that both companies informed the regulatory authorities in Dubai, where Deribit is licensed. If the contract is finalized, the license would have to be transferred to Coinbase.

This movement occurs when competitors, such as Kraken, also develop development in the derivative space, with a recently acquired ninjatrader with a value of $ 1.5 billion.

Bitcoin Sibs on Deribit. Source: hit

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Cryptographic companies are directed to the US extension

Deribit joins the growing list of European and Asian cryptographic companies studying the US expansion.

The change will occur after a period of regulatory hostility during biden administration, after the fall of FTX at the end of 2022.

In this era there was aggressive repression from SEC and Doj, which prompted many companies to withdraw from the US surgery. However, it seems that the narrative changes under the command of Trump, who has pledged to “make the US the capital of cryptocurrencies of the world.”

Since the victory of Trump Sec has fallen or stopped at several cases regarding the enforcement of regulations against cryptographic companies.

In addition, the Department of Justice has recently announced the dissolution of the cryptocurrency enforcement unit, signaling a more cushioned approach to the sector.

Related: Tether CEO to adopt a “cautious” approach to the expansion of the USA

This practical approach seems to augment the trust of the industry.

For example, OKX announced plans to set up the headquarters in San Jose, California, just a few months after the case was settled in the amount of $ 504 million with the US authorities.

On April 28, Nexo, who left the USA at the end of 2022, citing a lack of regulatory transparency, revealed that he re -introduces the American market.

Swiss DWF and Dubai laboratories are among other main cryptographic players who have shown interest in the expansion of the USA.

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