🇪🇺🔒 Deribit, a cryptocurrency derivatives platform, announces its exit from Russia due to EU sanctions. Starting Feb. 17, Russian accounts will switch to "reduce-only" mode, and all positions will be forcibly closed by March 29, with withdrawals still open. In their statement, Deribit emphasized compliance with EU sanctions following Russia's invasion of Ukraine. These sanctions bar Europe-based crypto entities from serving Russian nationals or legal entities. 🛡️ Deribit joins Binance in exiting the Russian market, with significant penalties for non-compliance. What are your thoughts on the impact of EU sanctions on the crypto world?