The cryptocurrency options exchange Deribit announced its exit from the Russian market due to EU sanctions

ChainCatcher news, according to a report by the Russian TASS agency, the cryptocurrency options exchange Deribit announced its exit from the Russian market due to sanctions imposed by the European Union, as stated on its official website. Deribit stated: "Due to the EU sanctions against Russia, Deribit will no longer accept Russian citizens and residents as clients, unless applicable exceptions apply. As Deribit's parent company is based in the Netherlands, these EU sanctions are binding on us."

Russian citizens are prohibited from using the services of this cryptocurrency exchange unless they are also citizens of a member state of the European Economic Area (EEA) or Switzerland, or are long-term residents of an EEA member state or Switzerland. According to examples cited by the exchange, Russian citizens residing in Ireland or holding Danish nationality can use Deribit services. Russians residing in the UAE are also unable to use its services. Russian companies do not enjoy any exceptions.