Crypto.com has taken another step in its global expansion by securing a limited license from Dubai's Virtual Assets Regulatory Authority (VARA).
Crypto.com has secured a limited license from the Virtual Assets Regulatory Authority (VARA) in Dubai to provide financial products in the region, according to a statement on Thursday.
The new approval expands on Crypto.com’s existing Virtual Asset Service Provider (VASP) license, and will enable the company to offer new financial products in the region.
As part of this expansion, Crypto.com is set to launch futures, along with perpetual swaps and contracts for difference (CFDs). These products will be available first to institutional investors around the world as part of the first phase of the launch.
Later, qualified individual investors will gain access to these offerings.
Through its license, Crypto.com’s retail users will be able to use electronic payment and wire transfer transactions in USD fiat currency. The deposits and withdrawals can be activated through Standard Chartered, and will improve transaction capabilities on the Crypto.com platform.
The new integrated features align with Crypto.com’s broader goal of creating seamless access for its global user base to cryptocurrency services.
Announcing this expansion, which is a core part of Crypto.com’s Roadmap for 2025 that will also see the company launch several major product developments throughout the year, يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ يأ
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