Crypto.com has reached another major milestone, receiving a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivatives trading in the UAE1. This approval extends the company’s existing Virtual Asset Service Provider (VASP) licence, further solidifying its presence in the region’s rapidly growing crypto market.
With this new licence, Crypto.com’s regional entity will begin rolling out a range of derivatives products, including futures, perpetual swaps, and CFDs. These will first be available to eligible institutional investors, with qualified retail investors gaining access later.
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Additionally, all Crypto.com retail users will now have the ability to deposit and withdraw USD via Standard Chartered—a major development that enhances fiat accessibility for crypto traders in the UAE.
A Key Milestone in Crypto.com’s 2025 Roadmap
Crypto.com’s latest approval is part of its broader expansion strategy outlined in its 2025 roadmap. The company has been making significant strides in the UAE market, following key regulatory achievements:
- November 2023 – Secured initial VASP licence from VARA
- April 2024 – Received full operational approval
- August 2024 – Launched global retail services in partnership with Standard Chartered
Eric Anziani, President and COO of Crypto.com, emphasized the company’s ambitious growth:
“We are aggressively transforming Crypto.com to provide users worldwide with all the financial technology tools they need in one place. This approval from VARA is a significant and exciting step forward in our mission.”
With this latest approval, Crypto.com is strengthening its position as a leader in the UAE’s crypto sector, setting the stage for even greater innovation and market expansion in the months ahead.
Crypto.com Partners with Tawasal Al Khaleej for Exclusive AI Integration
In addition, Crypto.com also announced2 a strategic partnership with Tawasal Al Khaleej, a leading AI and technology firm in the UAE. This collaboration makes Crypto.com the exclusive crypto partner of Tawasal, marking another significant move in expanding its footprint in the region.
The integration will unfold in two phases:
- Phase One – Tawasal will actively promote Crypto.com’s platform to its local and Middle East partners, reinforcing Crypto.com’s regional presence.
- Phase Two – Crypto.com’s products and services will be integrated into Tawasal SuperApp, a widely used digital platform with nearly 4 million users. This will provide seamless access to crypto trading and financial services for a vast audience.
Eric Anziani highlighted the importance of this partnership:
“Our collaboration with Tawasal unlocks immense potential for integrating digital assets into cutting-edge tech projects. This is a prime example of how the UAE’s thriving tech ecosystem fosters growth and innovation.”
Khamis AlShamsi, Chairman of Tawasal Al Khaleej, stated:
“This partnership is about expansion, driving growth, and making crypto services more accessible for UAE consumers.”
The Future of Crypto in the UAE
Crypto.com’s latest regulatory approval and strategic AI partnership position the company at the forefront of crypto innovation in the UAE. With derivatives trading, seamless USD deposits, and integration into Tawasal’s AI-driven ecosystem, Crypto.com is driving adoption, accessibility, and growth in the region.
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