- Crypto.com expands its UAE presence with derivatives approval from Dubai’s VARA.
- Dubai’s crypto-friendly regulations attract firms like Crypto.com to launch services.
- Institutional investors gain access to Crypto.com’s futures and perpetual swaps.
Crypto.com has obtained a limited regulatory license from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing it to offer derivatives, including futures and perpetual swap contracts, in the Dubai International Financial Centre (DIFC).
This expands the company’s presence in the United Arab Emirates (UAE) and supports its ambitious global expansion strategy.
Crypto.com’s Strategic Dubai Expansion
Crypto.com has been actively broadening its footprint in Dubai since acquiring its Virtual Asset Service Provider (VASP) license in November 2023. The new license builds on its existing regulatory status, enabling the platform to introduce sophisticated financial products. Initially, these offerings will be available to institutional investors, with access for qualified retail investors expected to follow.
Related: Ripple Earns DFSA License to Expand Crypto Payment Solutions in UAE
Dubai has emerged as a top destination for crypto firms, primarily due to its progressive regulatory framework, and by securing approval to launch derivatives, Crypto.com will be able to capitalize on the growing demand for regulated digital asset services in the region.
Derivatives and Streamlined Fiat Access
The license permits Crypto.com to offer contracts for difference (CFDs) alongside futures and perpetual swap contracts. These financial instruments enable investors to hedge risks and explore advanced trading strategies within a secure and regulated environment.
Further easing access, Crypto.com’s partnership with Standard Chartered enhances its ability to offer seamless financial services. All users in the UAE can now deposit and withdraw funds in USD using Standard Chartered’s fiat rails. This integration simplifies fiat-to-crypto transactions, making it easier for investors to access digital assets.
Related: Argentina Seeks Interpol Red Notice for LIBRA Crypto Scandal Figure
The company’s focus remains on delivering comprehensive financial tools to meet the needs of institutional clients while maintaining strict compliance with regulatory requirements.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
