Deribit announces withdrawal from Russian market to comply with EU sanctions

Odaily News Crypto derivatives exchange Deribit has announced its exit from the Russian market in response to sanctions imposed by the European Union. As a company registered in the Netherlands, Deribit is obliged to comply with EU regulations, which currently prohibit the platform from providing services to Russian nationals and residents.
Effective immediately, Russian nationals and residents are not allowed to use Deribit's services unless certain exceptions are met. These exceptions include individuals with dual citizenship of the European Economic Area (EEA) or Switzerland, or individuals who permanently reside in an EEA member state or Switzerland. For example, Russian nationals who reside in Ireland or have dual Danish citizenship can use Deribit's services. (TASS)