Crypto.com Exchange for Institutional Investors Launches as First Operational Milestone
April 9, 2024, Dubai – Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, announced today that its Dubai entity, CRO DAX Middle East FZE, has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and is launching the Crypto.com Exchange for institutional investors as its first operational milestone.
This operational approval follows Crypto.com’s fulfillment of the pre-operational conditions stipulated in the Virtual Asset Service Provider Licence granted to CRO DAX Middle East FZE in November 2023, and marks a first for a global crypto operator to be operational with fiat in the UAE.
Available to institutional clients and qualified retail investors, the Crypto.com Exchange, which has deep liquidity and a state-of-the-art matching engine, offers spot trading, staking brokerage and other OTC offerings around settlements for selected markets. With this full operational approval, Crypto.com has also initiated plans for further in-market product launches expected in the coming months, including the Crypto.com App and additional retail-user focused products.
“We are thrilled to expand our presence and offering in the UAE with the support of VARA,” said Eric Anziani, President and Chief Operating Officer of Crypto.com. “Launching with our worldclass Crypto.com Exchange institutional services will be fundamental to our continued growth and success in such a key market for our company.”
“We are incredibly supportive of the steps Dubai is taking to progress the crypto industry, both in-market and abroad,” said Stuart Isted, General Manager, Middle East and Africa of Crypto.com. “But this is still just the beginning, and we look forward to continuing to work closely with VARA in our collective efforts to effectively and responsibly advance the sector.”
Media Fyrirspurnir
Jared Wright
Honner
E: [netvarið]
T: + 61 411 690 221
Um Crypto.com
Founded in 2016, Crypto.com is trusted by more than 80 million customers worldwide and is the industry leader in regulatory compliance, security and privacy certifications. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation.
Frekari upplýsingar á https://crypto.com.
Um VARA
VARA, sem var stofnað í mars 2022, í kjölfar áhrifa laga nr. en að undanskildum Dubai International Financial Centre. VARA gegnir lykilhlutverki í að skapa háþróaðan lagaramma Dubai til að vernda fjárfesta og koma á alþjóðlegum stöðlum fyrir stjórnun sýndareignaiðnaðar, á sama tíma og hún styður framtíðarsýn um landamæralaust hagkerfi.
Nánari upplýsingar veitir: www.vara.ae
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