Crypto.com Wins Full License in Dubai, Expands Reach to Institutions
Crypto.com announced Tuesday that its Dubai-based entity achieved full operational approval from the Virtual Assets Regulatory Authority (VARA). It will commence operational services by catering to institutional investors.
It follows Crypto.com satisfying VARA’s pre-operational requirements in Nov. 2023. Notably, it represents the first instance of a global crypto exchange being authorized to operate with fiat currency within the United Arab Emirates.
Crypto.com’s Dubai-based branch, CRO DAX Middle East, facilitates spot trading activities and brokerage services for staking. It also provides additional over-the-counter (OTC) offerings related to settlements within designated markets.
Additionally, Crypto.com has planned further product launch initiatives including the Crypto.com App and other retail-focused ones.
We're excited to announce our full operational approval from Dubai’s Virtual Assets Regulatory Authority
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