In another key point of growth for both the digital asset industry and Crypto.com, the platform has received a new regulatory license to offer derivatives in Dubai. Indeed, the cryptocurrency exchange announced the new regulatory approval on Friday. Indeed, they can now offer crypto futures and perpetual to institutions and qualified investors in the United Arab Emirates (UAE).
According to the exchange, they were granted a Virtual Asset Regulatory Authority (VARA) license in the UAE. A limited approval, it “extends the provision of Crypto.com’s existing VASP license to operate in the region,” they announced.
JUST IN: 🇦🇪 Crypto․com obtains regulatory license to offer crypto futures & perpetual to institutions and qualified investors in Dubai.
— Watcher.Guru (@WatcherGuru) March 14, 2025
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Crypto.com Gets New VARA License in UAE
The growth of the cryptocurrency industry has been an undeniable facet of 2025 so far. Although prices have not increased the way many had hoped, change has taken place. Regulatory and policy shifts have only raised the immense potential of the asset class. Now, it looks to be a mainstay in the global finance sector.
With the United States enacting a major crypto shift this year, a host of nations have followed. Moreover, some have only doubled down on their embrace of the industry, such as the UAE, with Crypto.com announcing that they have received a new regulatory license in Dubai.
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In a recent press release, the platform announced a new limited license that is built on its previous VASP license to operate in the region. This will forward the exchange’s “regional entity plans to initiate offering various derivatives products, including futures, perpetual swap contracts, and CFDs.”
“We are aggressively transforming and evolving Crypto.com to provide users around the world all of the financial technology tools they are looking for in one place,” Crypto.com President and COO Eric Anziani said. Moreover, he added the approval would allow them to take “a significant and exciting step forward in our pursuit.”
