{"id":20936,"date":"2025-02-05T18:03:57","date_gmt":"2025-02-05T16:03:57","guid":{"rendered":"https:\/\/forklog.com\/en\/deribit-to-cease-services-for-russian-clients-in-compliance-with-sanctions\/"},"modified":"2025-02-05T18:03:57","modified_gmt":"2025-02-05T16:03:57","slug":"deribit-to-cease-services-for-russian-clients-in-compliance-with-sanctions","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/deribit-to-cease-services-for-russian-clients-in-compliance-with-sanctions\/","title":{"rendered":"Deribit to Cease Services for Russian Clients in Compliance with Sanctions"},"content":{"rendered":"<p>The cryptocurrency options platform Deribit <a href=\"https:\/\/www.deribit.com\/kb\/restrictions-for-russians\">announced<\/a> it will cease servicing Russian citizens and residents, with certain exceptions.\u00a0<\/p>\n<p>Under the new rules, the platform will restrict access for:<\/p>\n<ul class=\"wp-block-list\">\n<li>Russian citizens, unless they are also citizens of a European Economic Area (EEA) country or Switzerland, or reside there;<\/li>\n<li>individuals residing in Russia who do not hold citizenship of an EEA country or Switzerland;<\/li>\n<li>all legal entities registered in Russia without exception.<\/li>\n<\/ul>\n<p>From February 17, accounts of the listed categories will be switched to reduce-only mode, allowing them only to close existing positions.<\/p>\n<p>On March 29, the platform will forcibly close all remaining positions. Asset withdrawals will remain available.<\/p>\n<p>Registered in the Netherlands, Deribit is subject to EU sanction restrictions.\u00a0<\/p>\n<p>According to journalist Colin Wu, Russian traffic on the exchange last year <a href=\"https:\/\/t.me\/wublockchainenglish\/16434?single\">averaged<\/a> 8%.<\/p>\n<p>In 2024, Deribit&#8217;s trading volume grew from $608 billion <a href=\"https:\/\/forklog.com\/en\/news\/deribits-annual-turnover-surges-to-1-2-trillion\">to $1.19 trillion<\/a> (+95% year-on-year), surpassing the peaks of three years ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency options platform Deribit announced it will cease servicing Russian citizens and residents, with certain exceptions.\u00a0 Under the new rules, the platform will restrict access for: Russian citizens, unless they are also citizens of a European Economic Area (EEA) country or Switzerland, or reside there; individuals residing in Russia who do not hold citizenship [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1409,27,686],"class_list":["post-20936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-deribit","tag-russia","tag-sanctions"],"aioseo_notices":[],"amp_enabled":true,"views":"75","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20936"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20935"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}