Largest Crypto Options Exchange Heads for Panama Amid Scrutiny – Bloomberg

Deribit, the world’s dominant exchange for trading cryptocurrency options, is relocating to Panama from the Netherlands next month in anticipation of rising regulatory scrutiny.The Netherlands is likely to adopt new European Union regulations that “would mean that we have to demand an extensive amount of information from our current and future customers,” the Amsterdam-based company said in a letter to customers obtained by Bloomberg News. Deribit accounts for about 80% of Bitcoin options volume, according to data tracker Skew.

Source: Largest Crypto Options Exchange Heads for Panama Amid Scrutiny – Bloomberg

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