Deribit, the world's largest crypto options exchange, is considering entering the US market, encouraged by what it perceives as a more favorable regulatory environment under President Donald Trump, the Financial Times reports.
The Dubai-based exchange, which handled $1.3 trillion in notional volume last year, is "actively reassessing potential opportunities" in the US, according to CEO Luuk Strijers.
Strijers pointed to the "recent shift toward a more favorable regulatory stance on crypto in the US" as the main motivation for the decision.
Deribit's potential US expansion coincides with reports that Coinbase is in advanced talks to acquire the platform.