Crypto.com, a renowned crypto exchange, has announced today on 14th March 2025 that it has been issued a license by Dubai’s Virtual Assets Regulatory Authority (VARA). With this license, Crypto.com is allowed to offer derivatives in the UAE region. This issuance of license to Crypto.com will help the exchange to extend and operate in the region. With this license, Crypto.com is planning to propose multiple derivative products which include futures, perpetual swap contracts and CFDs.
License to Offer Derivative Products in UAE
In addition to derivatives, Crypto.com users in the UAE will now be able to deposit and withdraw USD through Standard Chartered, enhancing fiat accessibility for its customers. This new feature is designed to provide a more seamless and efficient banking experience, allowing users to move funds between their Crypto.com accounts and traditional financial institutions with ease. The integration with Standard Chartered ensures that transactions are conducted through a secure and well-established banking network, offering users greater reliability and trust.
Furthermore, this move aligns with the broader industry trend of enhancing fiat-to-crypto on-ramps, which are critical for driving wider adoption of digital assets. By improving fiat accessibility, Crypto.com aims to attract a larger user base, including institutional investors and high-net-worth individuals looking for compliant and efficient ways to interact with the cryptocurrency ecosystem. Additionally, this update is part of the exchange’s long-term strategy to enhance financial services, ensuring that users benefit from low-cost, high-speed transactions while maintaining full regulatory compliance.
Trending Now: Binance Whale Selling Pressure Eases, Bitcoin Rebound Likely
Crypto.com has steadily strengthened its presence in Dubai, securing its VASP license in November 2023, obtaining full operational approval in April 2024, and launching global retail services in partnership with Standard Chartered in August 2024.
Crypto.com Evolving to Provide Financial Technology Tools
Eric Anziani, President and COO of Crypto Com say that they are aggressively transforming and evolving to provide the users of Crypto.com the financial technology tools in order to revolutionize derivative products. He further mentions that with this limited license they are taking a step forward which will prove to be a milestone in this regard.
Crypto Com’s latest expansion in the UAE underscores Dubai’s growing role as a global hub for digital asset services. It also reinforces the city’s position at the forefront of crypto-friendly regulations and institutional engagement.