Crypto.com has focused on the United Arab Emirates for a while now. Today, March 14, 2025, the company announced a limited license by the Dubai Virtual Assets Regulatory Authority (VARA) to provide derivatives in the United Arab Emirates.
Thanks to the license of virtual assets service providers (VASP) to work in the United Arab Emirates, the company enhances its presence in the region.
Through this limited license, Crypto.com plans to start providing different derivative products, including future contracts, permanent swap contracts, and CFDS.
Our last organizational teacher – Cryptocom She received her license from Varadubai To present derivatives in #UAE.
Learn more
https://t.co/lwun3p3ue pic.twitter.com/zqtfry0xq
– Crypto.com (Cryptocom) March 14, 2025
“We turn and develop Crypto.com strongly to provide users all over the world with all the financial technology tools they are looking for in one place,” said Eric Anziani, head and director of operations at Crypto.com.
He added: “Through this approval from VARA to obtain a limited license, we take a big and exciting step forward in our endeavor.”
Explore: 10 high -revenue metal coins: Curvement expectations 2025
Partnership with the local technology company Tawasal
The company has also announced a partnership with AI player and a technology player, Tawasal, from the United Arab Emirates. “This strategic partnership with Tawasal will see Crypto.com is an exclusive partner for a favorite encryption,” said Crypto.com on March 13, 2025.
Currently, it is expected to be completed in two phases. The first repetition of this deal will witness the Crypto.com platform that Tawasal Alkhalee’s referred to to its partners and collaborators with the Middle East and Mediterranean. Second, there are also plans to integrate the Crypto.com platform into the leading Tawasal Superapp platform in the UAE that provides access to Crypto.com products and services and the ability to trade encryption with approximately 4 million users.
Commenting on the partnership, “Khamis Alshamsi, Chairman of Tawasal Alkhalee’s Board of Directors, said,” The partnership with Crypto.com is related to expansion, growth leadership, and made encryption services more attractive to United Arab Emirates consumers. “
“This partnership is a great example of how the ecosystem of Emirati technology is flourishing, and since the integration of digital asset products can benefit companies and consumers alike, allowing simplified access to the cryptocurrency that not only encourages adoption, but also progresses in developing our industry.” Anzani.
“You will be able to do more encrypted coin more than Derham and Dollar,” says Crypto.com Eae Head.
Mohamed Al -Hakim, the newly appointed president of Crypto.com, United Arab Emirates, expects that with high encryption accreditation in the region, digital assets may exceed traditional currencies in daily use cases.
In an interview with the local media outlet on February 19, 2025, Hakim said: “In the next two years in the United Arab Emirates, you will be able to do more cryptocurrency more than Dirham and Dollar.”
Hakim’s appointment as President of Crypto.com in the United Arab Emirates makes him the first unit of your equivalent in the Gulf Cooperation Council and an Emirati citizen who takes a major role in an exchange of global encryption. Hakim’s appointment is expected to help better expand in the Gulf region.
Explore: 10 best AI’s Cracks for Investment in 2025
Main meals
-
Crypto.com A limited license from the Dubai Virtual Assets (VARA) organizational authority (VAR) was received to provide derivatives in the United Arab Emirates.
-
Through this limited licensing, all Crypto.com retail users can access the Rails USD FIAT to deposit and withdraw the US dollar from the Crypto.com account via Standard Charted.
The post this week focuses on Crypto Asia: Crypto.com on the UAE, and receives a license to submit derivatives first on 99bitcoins.