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Crypto.com Expands in UAE with Key Derivative License Acquisition

by aria-crypto.com

March 14, 2025 at 19:48


Crypto.com Expands in UAE with Key Derivative License Acquisition



Crypto.com's recent acquisition of a derivatives license from Dubai’s Virtual Assets Regulatory Authority (VARA) marks a significant expansion of its operations in the UAE. This license allows Crypto.com to offer various financial instruments such as futures, perpetual swaps, and contracts for difference (CFDs) to institutional and qualified investors. The move aligns with Crypto.com’s aggressive global growth strategy, ensuring their increased presence in international markets as outlined in their 2025 Roadmap. Following the acquisition of its Virtual Asset Service Provider (VASP) license in November 2023, the platform has initiated several noteworthy projects. These include a partnership with Standard Chartered in August 2024, enhancing financial service offerings and facilitating USD transactions through Standard Chartered’s banking services. This partnership underscores Dubai's role as a progressive center for regulated cryptocurrency activities and reaffirms the region’s commitment to becoming a global hub for blockchain innovation.

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