Crypto.com gets an organizational license to submit derivatives in the United Arab Emirates

Crypto.com gets an organizational license to submit derivatives in the United Arab Emirates

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Crypto.com revealed on March 14 that it had a limited license from the Dubai Virtual Asset Regulatory Authority to provide derivatives in the United Arab Emirates. The company also admitted that the new version extended the current VASP license provisions to work in the region.

Crypting trading platform male Its new services will be available for the first time for qualified institutions in the world, with eligible investors to follow up at a later time. The company also highlighted that the limited license will allow all retail users to reach the US dollar rods to recover and withdraw the US dollar from their Crypto.com account through Standard Charted.

Crypto.com gets a license for derivatives in the United Arab Emirates

Crypto.com announced on Friday that it had received a new organizational license to submit derivatives in Dubai. The company said that it was allowed to submit futures for encryption contracts, permanent swap contracts, and CFDs for qualified institutions and investors in the United Arab Emirates (United Arab Emirates).

The platform was recognized in a previous press statement that a new limited license was built on the previous VASP license to work in the region. The stock exchange has argued that the license will redirect “the regional entity plans to start providing various derivative products, including future contracts, permanent swap contracts, and CFDS.”

“We are transforming and developing Crypto.com strongly to provide users all over the world with all the financial technology tools they are looking for in one place. Through this approval from VARA for a limited license, we take an important and exciting step forward in our endeavor.”

~ Eric Anziani, President and Director of Operations at Crypto.com.

Digital Asset Trading Company confirmed that Crypto.com Roadmap focused on expanding its products and services. The company also promised to its users that it will launch some of its most important updates and launch it Over the course of 2025.

Exchange Declare In November 2023, its entity obtained Dubai, CRO DAX Middle East Fze, a VASP license for digital asset service activities defined by VARA. The company allowed the company to provide organized digital currency services, including exchange, mediator, lending and borrowing services. Chris Marzalek said it was an honor for me to be one of the first encryption exchange that is granted a VARA license from VARA.

In April 2024, Cro Dax Middle East Fze receive Full operational approval from VARA in Dubai after fulfilling the previous conditions of operation stipulated in the previous year. Stewart Ezd, general manager of Crypto.com in the Middle East and Africa, admitted that the company was supporting the steps taken by Dubai to advance the encryption industry, both in the market or abroad.

Crypto.com also open Its long -term commitment to the United Arab Emirates in 2022 with the establishment of the regional center office in Dubai. Dr. Thani Awni Zaydi, Minister of State for Foreign Trade, stated that the United Arab Emirates is committed to defending the “future industries”. He added that the nation was also committed to developing an environmental system that attracts pioneers and innovators, And investors to bring them to fruits.

Crypto.com Partners with Tawasal ai khaleej

Crypto.com Declare On March 13, I got a partnership with Tawasal Ai Khaleej, a major player in artificial intelligence and technology in the United Arab Emirates. The company noted that cooperation will integrate its platform with Tawasal and Tawasal Superapp to grant nearly four million users in the area to reach trading and encryption services.

The trading platform highlighted that the partnership with Tawasal will be published in two phases. In the first stage, Tawasal Alchalej will refer the Crypto.com platform to its local and Middle East partners, enhancing the regional stock market footage. The company said that the second stage will merge the services of Crypto.com in Tawasal Superapp, which makes the circulation of virtual assets easier.

Anziani said that the partnership opened a world of possibilities to exchange to integrate its leading products and services in its technical projects. Tawasal Eric Leandri CEO confirmed that Tawasal Superapp was ready to provide Crypto.com with an unparalleled vision and expose its financial products to the local market.

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