TechFlow reports that on March 14, according to FinanceFeeds, Crypto.com has today obtained a limited license from Dubai's Virtual Assets Regulatory Authority (VARA), permitting it to offer derivative trading services in the UAE.
The license will enable Crypto.com to launch derivative products such as futures contracts, perpetual swap contracts, and Contracts for Difference (CFDs) in the regional market. The company plans to initially roll out these products to globally qualified institutions, followed by services for qualified investors. The license also provides Crypto.com's retail users with a USD fiat on-ramp, allowing deposits and withdrawals through Standard Chartered Bank.
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