Deribit Exchange Halts Russia Operations

Deribit Halts Operations for Russian Clients Due to EU Sanctions

• Deribit will cease services for Russian clients, complying with EU sanctions.
• From February 17, Russian users can only close existing positions.
• All open positions will be closed by March 29, allowing asset withdrawals.
• The decision affects Russian citizens and companies without EEA or Swiss ties.
• Deribit’s compliance is due to its registration in the Netherlands.

Deribit’s cessation of operations for Russian clients aligns with EU regulations, mandating position closures by March 29 while permitting unrestricted asset withdrawals.