Crypto trading firm Caladan has announced its plan to open an office in New York City. According to the announcement, this move is vital as the company expands into the United States. To support its growth in the American market, Caladan will dedicate at least 5% of its global workforce to this effort. Why Caladan is Looking to Expand Into the US Market Notably, Caldan is focusing on working with institutions and aligning with regulations, as reported by Decrypt. The Singapore-based firm looks to register as a broker-dealer and join the Financial Industry Regulatory Authority (FINRA). These steps will help Caladan strengthen relationships with institutional partners, offer regulated services, and communicate directly with U.S. financial regulators. Furthermore, Caladan expansion comes amidst a significant change in U.S. regulations. The Donald Trump administration is easing some enforcement actions and supporting laws that favor cryptocurrency, creating a friendlier environment for digital asset companies. As such, Caladan sees this regulatory shift as a key opportunity to establish itself in one of the world’s most important financial centers. Meanwhile, the firm has hired a three-member team led by Gian-Paul Caccia to lead the effort at its newly opened office. Expertise from cryptocurrency exchange Coinbase, BlackRock, Bank of America, and Cowen Digital will also drive the firm forward. Deribit Weighs US Expansion Earlier in the month, Deribit, the world’s largest crypto exchange, considered expanding its operation in the U.S. market . Deribit has built its reputation as a leading platform for crypto options. However, the exchange is looking beyond its Dubai base to explore new opportunities in the United States. Deribit’s CEO, Luuk Strijers, believes the US is becoming more supportive of the crypto industry due to recent changes in the country’s crypto regulations. These relaxed crypto rules come after crypto firms in the country have faced challenges over the past few years. Recall that under Joe Biden’s administration, regulatory bodies such as the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) cracked down on the industry . Growing Confidence in the US Market Intriguingly, Caladan and Deribit’s potential move into the US reflects a broader trend. Companies that once left the US due to regulatory uncertainty are rethinking their strategies. OKX, a major crypto exchange, has announced plans to establish a U.S. headquarters in California, months after settling a significant legal case with US authorities. Meanwhile, Nexo, which exited the US in 2022 , has announced its return to the market in response to the more favorable conditions. Other notable players, like DWF Lab and Wintermute, are eyeing US expansion , further demonstrating the growing confidence in the US market. The post Caladan Weighs US Expansion Amid Shifting Crypto Regulations appeared first on TheCoinrise.com .
