🗼 Deribit Exchange Announces Termination of Operations in Russia
Cryptocurrency exchange Deribit, which provides options and futures trading services, has announced the termination of operations in Russia. The platform will stop serving residents of the country, as well as its residents, due to the European Union sanctions against Russia.
It is known that the parent company Deribit is registered in the Netherlands, so these sanctions are mandatory for the exchange. The statement also says that the following will not be able to use Deribit services:
A crypto trader under the pseudonym TradeDucky in X (formerly Twitter) shared an email that Deribit clients received. It says:
Since February 17, users from the Russian Federation can only close positions, or place new orders "that will be recognized as reducing risks." All open positions will be closed on March 29, and the ability to withdraw assets will not be limited.
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