Story Highlights
- Crypto.com secures VARA license to expand services in Dubai.
- The new license enables Crypto.com to offer futures and CFDs.
- Eric Anziani sees VARA approval as key innovation milestone.
Crypto.com has taken another step in its global expansion by securing a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA). The recent approval strengthens the company’s Virtual Asset Service Provider (VASP) license so it can offer new financial products to the region.
Crypto.com is prepared to launch futures together with perpetual swaps and contracts for difference (CFDs) due to this advancement. Institutional investors worldwide will gain access to these products as their first phase of availability. Later on, qualified individual investors will achieve access to these offerings after qualified individual investors.
Through its license, Crypto.com enables its retail users to utilize electronic payment and wire transfer transactions in USD fiat currency. Through Standard Chartered, users can now activate USD deposits and withdrawals, which improves transaction capabilities on the Crypto.com platform. The new integrated features match Crypto.com overall mission to create easy access for its worldwide user base to cryptocurrency services.
VARA License to Boost Crypto.com Services in Dubai
Crypto.com Roadmap for 2025 contains this expansion as a fundamental element that details major product developments that the company plans to launch throughout the year. With this license in hand, the company will strategically grow its market share through key locations while providing expanded financial solutions to customers.
The president and COO of Crypto.com, Eric Anziani, highlighted the company’s dedication to innovation through his remarks about this important development. He marked the approval as a crucial advancement that helps the company drive its mission to evolve financial tech systems and provide one-stop financial solutions globally.
On the other hand, the company had already obtained market entry permission across the entire domain of the European Economic Area (EEA) under the Markets in Crypto-Assets Regulation (MiCA). The achievement enabled the organization to broaden its European cryptocurrency services via international routes.
The recent regulatory approval expands Crypto.com position in the Middle East market where Dubai functions as a leading digital asset center. The company will focus on securing compliance and maintaining security while improving user experiences as it expands its operations in the developing crypto market structure.
