Dubai Approves Crypto.com for Advanced Trading
On March 14, 2025, Crypto.com announced it received a special license from Dubai’s Virtual Assets Regulatory Authority (VARA). This allows the platform to offer derivatives trading (like futures and contracts tied to crypto prices) in the UAE. This marks a big step in Crypto.com’s growth across the Middle East.
Building on Past Progress
In March 2023, Crypto.com got an initial license from VARA to prepare for UAE operations. The new approval lets them serve both everyday users and large businesses. They’ll also add advanced financial tools to their platform, aiming to meet strict local rules focused on user safety and market stability.
What’s Included in the License?
- Trading Options: Products like futures, perpetual swaps, and CFDs (contracts based on price changes).
- Rollout Plan: First available to global institutions, then UAE users later in 2025.
- Easier Money Moves: Retail users can deposit/withdraw USD through Standard Chartered Bank.
Competing with Global Platforms
Crypto.com’s new features will build on existing tools like “UpDown Options” and leveraged trading. The UAE version will adapt these to local needs. Rivals like Deribit also got similar licenses in 2024, but Crypto.com aims to stand out by focusing on regional demand.
Why This Matters for Crypto.com
The license boosts Crypto.com’s presence in the Middle East, a region with clear crypto rules. Eric Anziani, President of Crypto.com, said: “We’re expanding fast to give users worldwide all the financial tools they need in one place.” The company also holds approvals in the US, UK, and Bahrain.
What’s Next?
In 2025, Crypto.com plans to launch more advanced tools for both everyday traders and big investors. This move could help them grow faster in a competitive market.
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