Deribit, the greatest exchange of cryptocurrency options in the world, seeks to enter the American market, joining a multitude of European and Asian Crypto-money companies that are trying to exploit the commitment of President Donald Trump to make the country the World Center for Digital Assets.
The group based in Dubai, which managed 1.3 TN of notional transactions last year, “actively re-evaluates potential opportunities” in the United States, said the director general Luuk Strijers to the Financial Times, after “the recent change towards a more favorable regulatory stance on the crypto in the United States”.
The potential decision comes while companies such as the crypto exchange Okx from Seychelles and Nexo in Bulgaria, as well as the Wintermute of Switzerland and DWF Labs in Dubai, two of the largest industry market manufacturers, plan to set up offices in the United States.
Companies examine the largest economy in the world in a new light after a marked change in industry approach to Washington under Trump.
After the collapse of Crypto Exchange FTX in November 2022, a concerted repression under the Biden Administration on Industry by the authorities and regulators noted that certain companies and customers have chosen to avoid the United States.
But the active court of industry by Trump and undertakes to “make the United States the world capital of cryptography”, seems to have made the United States a much less hostile place so that digital asset companies do business.
Since the elections, the Commission for Securities and Exchange has ended or interrupted more than a dozen cases, it had opened against cryptographic societies for having violated federal laws on securities. Last month, the Ministry of Justice, which had targeted the companies and the services it suspected of having violated the American rules on money laundering, said that it dissolved its cryptocurrency application unit.
Trump and his family also pushed in cryptocurrencies, with incursions into stabbed, Bitcoin exploitation and a same.
“I think the entire market feels good in regulatory clarity,” said David Rutter, Managing Director of R3, a Blockchain Company based in London. “The Trump Memecoin was a big signal that things had changed for the United States in a fairly important way.”
Rutter said R3 would build its activities in the United States, after focusing on opportunities in more regulated markets in Europe, the Middle East and Asia in recent years.
OKX will set up an American headquarters in San Jose, California, and will appoint a new head of countries, World President Hong Fang saying that the United States was “a key element in OKX’s global growth strategy.”
He announced his plans for less than three months after agreeing to pay $ 504 million to settle the accusations of the American authorities that the scholarship had managed more than $ 5 billion in suspicious trades and criminal products over a period of more than six years.
Nexo settled with the dry for $ 45 million in 2023 for having offered an unregistered asset loan product.
Binance.us, an autonomous unit of the largest crypto exchange in the world, began to accept deposits and withdrawals based on a dollar this year after having suspended the service in July 2023 on the concerns of regulators. Non-American Binance activities were struck by a penalty of $ 4.3 billion in 2023, the biggest fine in history for violations of compliance in the United States.
DWF will base its American operations in New York and said it had bought a value of 25 million dollars issued by World Liberty Financial, the Crypto project supported by Trump and two of his sons as well as the envoy of the president of the Middle East and long-standing trade partner Steve Witkoff and two of his sons.
However, despite the environment more suited to crypto, challenges remain for companies trying to exploit the American market.
“Offering derivatives in the United States remains complex,” said the deribit attackers. “We monitor developments and assess strategic options accordingly. “”
Derivatives dominate the global crypto exchange market, with around 4.9 TN transactions in March, according to CCData. The total was almost double the $ 2,31 TN negotiated on the scholarships.
Arnab Sen, general manager of GFO-X, an exchange based in the United Kingdom, said that many major institutions around the world wanted to enter the cryptography market, but “in a safe and structured market”, which could be provided by American cryptographic American rules.
“Whether European customers, Asian customers, Middle East customers-none of them try to avoid regulations,” he said. “They want to exchange via this intermediate structure safely.”
But he added that the opening of an office in the United States was not a guaranteed way to gain business.
“Politically, what is happening today (in the United States), there will be many customers who want to have a non-American place they want to exchange,” he said.
“They just give themselves an option here, so that they can even create a only American business,” he added. “You could actually see two markets, an American and not American market, for many places.
