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- Crypto.com secures a limited VARA license in Dubai, expanding its services with derivatives trading in DIFC.
- Institutional investors gain access to Crypto.com’s regulated derivatives in Dubai, with retail access to follow soon.
- Crypto.com partners with Standard Chartered to simplify fiat transactions for users in the UAE.
The Virtual Assets Regulatory Authority (VARA) granted Crypto.com a limited regulatory license to provide derivatives trading through its operations in Dubai International Financial Centre (DIFC). The regulatory approval gives Crypto.com permission to introduce futures along with perpetual swap contracts thus strengthening its market presence throughout the United Arab Emirates (UAE).
In November 2023 the company had already received permission to operate as a Virtual Asset Service Provider (VASP). The new regulatory milestone permits Crypto.com to expand its services toward institutional investors. Qualified retail investors will gain access to the platform when additional permits grant them entry.
The UAE expansion strategy of Crypto.com continues to intensify
Dubai establishes itself as an essential center for cryptocurrency companies through its modern regulatory system which draws international business operations. The latest achievement by Crypto.com enables the company to strengthen its position across the region through a broader digital asset offering under established regulatory rules.
The obtained license enables the company to provide contracts for difference (CFDs) and perpetual swap contracts and futures contracts to customers. Through these financial products investors can both reduce their exposure and execute sophisticated trading methods. Dubai shares a strategic objective with this decision to establish a managed virtual asset market that promotes security.
The company strengthened its expansion through its strategic partnership with Standard Chartered. Standard Chartered’s banking network enables the UAE’s users to perform deposit and withdrawal operations in USD via fiat transactions thanks to this strategic partnership. Access to digital assets becomes more accessible through the new integration which simplifies cryptocurrency to fiat currency transactions.
The company combines compliance-oriented operation with innovative financial product development. Institutional investors are the target audience because Crypto.com delivers trading services through a dual strategy of strong regulation combined with security. The company’s strategy matches Dubai’s dual mission of safeguarding investors during virtual asset advancement initiatives.
Experts in the market believe Crypto.com’s recent choice supports Dubai’s expansion of regulated cryptocurrency trading services. The company holds a strategic position to benefit from regional customer demand growth in digital assets trading operations.
Crypto.com’s reception from VARA has established a key achievement in advancing its worldwide business growth strategy. The firm strengthens its Dubai position to deliver complex compliant trading solutions for institutional clients before expanding retail opportunities.
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