Crypto.com has obtained a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA) to provide derivatives products in the UAE market.
The license allows Crypto.com to offer futures, perpetual swap contracts, and Contracts for Difference (CFDs).
Crypto.com's partnership with UAE-based Tawasal will help promote the exchange across the Middle East and allow its 4 million users to trade cryptocurrencies.
The new license and partnership support Crypto.com's global expansion strategy and aim to establish the company as a leader in the digital asset market.