Deribit to exit the Russian market, blame EU sanctions

Criptocurrencini derivatives The exchange of deribit excludes its services for Russian users to adhere to the sanctions of the European Union.

The company, based in the Netherlands, announced that it will carry out restrictions on trading start 17. February, with full account shutters set for 29. March.

In the notice published 5. February, Deribit He stated that Russian citizens and residents can no longer access their platform unless they meet special exceptions.

Russian users living in European economic areas or Switzerland will still be allowed to trade. However, Russian citizens living in non-Eye countries, as well as Russian companies, are fully limited to using exchange.

EU Sanctions VS Russia

The decision follows the constant financial sanctions against Russia. Users of impact on restrictions will be set to “only reduction” mode, allowing them to close existing positions, but prevent new stores.

The withdrawals will remain available even after the final closing date.