Deribit head of regulation Dohmen leaving in early 2025
5th December, 2024|Luke Jeffs
Crypto market Deribit’s head of regulation David Dohmen is leaving the firm after two-and-a-half years as the crypto options giant prepares to launch a derivatives market in Dubai.
Dohmen, who became Deribit’s chief regulation officer in July 2022 before moving to Dubai with the firm late last year, is leaving early next year to return to Europe, according to sources.
A spokeswoman for Deribit declined to comment.
Deribit plans to launch in January a fully licensed spot and derivatives exchange in Dubai after becoming in April the first derivatives exchange to secure a license from Dubai’s Virtual Asset Regulatory Authority (VARA), partly thanks to Dohmen.
Deribit FZE chief executive Luuk Strijers said last week: “As the crypto industry matures and global regulatory needs evolve, our institutional clients require our regulated trading platform to be able to evolve with the industry.”
Dohmen joined in July 2022 Sentilla, the group that operates Deribit, as its head of regulatory compliance based in Amsterdam, as first reported by FOW. He moved to Dubai late last year as Deribit shifted its headquarters to the Gulf.
Before Deribit, Dohmen ran compliance at online firm Trading 212 after 18 months as RJ O’Brien’s head of compliance for the UK and Europe, the Middle East and Africa (EMEA).
Prior to RJO, Dohmen was head of EMEA compliance at GAIN Capital UK, the British arm of the US online trading giant.
Before GAIN, Dohmen worked in compliance at NEX, the broker formerly known as ICAP that is now part of CME Group, Stater Global Markets and Ronin Trading. He has also worked at All Options, Fortis and Rabo Securities.
Bitcoin market GFO-X is about to start testing with a view to launching in early 2025 and becoming the first British regulated and cleared crypto venue.
