{"id":51955,"date":"2025-03-14T14:07:07","date_gmt":"2025-03-14T14:07:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51955"},"modified":"2025-03-14T14:07:07","modified_gmt":"2025-03-14T14:07:07","slug":"this-week-in-crypto-asia-crypto-com-focuses-on-uae-receives-license-to-offer-derivatives","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51955","title":{"rendered":"This Week In Crypto Asia: Crypto.com Focuses On UAE, Receives License To Offer Derivatives"},"content":{"rendered":"

Crypto.com has been focused on the UAE for a while now. Today, 14 March 2025, the company announced receiving a limited licence by Dubai\u2019s Virtual Assets Regulatory Authority (VARA) to offer derivatives in the UAE.\u00a0<\/span><\/p>\n

With its existing Virtual Asset Service Providers (VASP) license to operate in the UAE, the company is strengthening its presence in the region.\u00a0<\/span><\/p>\n

With this limited licence, Crypto.com plans to initiate offering various derivatives products, including futures, perpetual swap contracts, and CFDs.\u00a0<\/span><\/p>\n

Our latest regulatory milestone \u2013 @cryptocom<\/a> has received its license from @varadubai<\/a> to offer derivatives in the #UAE<\/a>. <\/p>\n

Learn more https:\/\/t.co\/LWlun3P3Ue<\/a> pic.twitter.com\/ZqTFrGy0Xq<\/a><\/p>\n

\u2014 Crypto.com (@cryptocom) March 14, 2025<\/a><\/p>\n\n

Commenting on the development, Eric Anziani, President and COO of Crypto.com said, \u201cWe 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.\u201d\u00a0<\/span><\/p>\n

\u201cWith this approval from VARA for a limited licence, we are taking a significant and exciting step forward in our pursuit,\u201d he added.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n

Partnership With Local Tech Firm Tawasal<\/h2>\n

The company has also announced a partnership with an AI and technology player, Tawasal, of the UAE. \u201cThis strategic partnership with Tawasal will see Crypto.com become their exclusive crypto partner of choice,\u201d Crypto.com said on 13 March 2025.\u00a0<\/a><\/p>\n

Aparently, the integration is expected to be done in two phases. The first iteration of this deal will see Crypto.com\u2019s platform referred by Tawasal Alkhaleej to its local and Middle East partners and collaborators.\u00a0Second, there are also plans to integrate the Crypto.com platform into UAE\u2019s leading Tawasal Superapp offering access to Crypto.com\u2019s products and services and the ability to trade crypto to nearly 4 million users.<\/p>\n

Commenting on the partnership, Khamis AlShamsi, Chairman of Tawasal Alkhaleej said, \u201cPartnering with Crypto.com is about expansion, driving growth, and making the Crypto services even more attractive for UAE consumers.\u201d<\/p>\n

\u201cThis partnership is an outstanding example of how the UAE tech ecosystem is thriving, and where the integration of digital assets products can benefit companies and consumers alike, giving simplified access to cryptocurrency which not only encourages adoption but also progresses the development of our industry,\u201d said Anziani.<\/span><\/p>\n

\u201cYou will be able to do more with cryptocurrency than with Dirham and Dollar,\u201d Says Crypto.com UAE Head<\/h2>\n

Mohammed Al-Hakim, the newly appointed President of Crypto.com\u00a0UAE predicts that with the rise in crypto adoption in the region, digital assets might surpass traditional currencies in daily use cases.<\/p>\n

In an interview with a local\u00a0media<\/a>\u00a0outlet on 19 February 2025, Hakim said, \u201cIn the next two years in the UAE, you will be able to do more with cryptocurrency than with the dirham and dollar.\u201d<\/p>\n

Hakim\u2019s appointment as President of Crypto.com in the UAE makes him the first GCC and an Emirati national to assume a senior role in a global crypto exchange. Hakim\u2019s appointment is expected to help Crypto.com better navigate its expansion in the Gulf region.<\/p>\n

EXPLORE:\u00a0<\/span>10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n

<\/span><\/p>\n

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Key Takeaways<\/h3>\n


\n <\/span><\/p>\n


\n <\/span>Crypto.com <\/span>received a limited licence by Dubai\u2019s Virtual Assets Regulatory Authority (VARA) to offer derivatives in the UAE.\u00a0<\/span><\/p>\n


\n <\/span><\/p>\n


\n <\/span> \u00a0Through this limited licence, all Crypto.com retail users can access USD fiat rails for depositing and withdrawing USD from their Crypto.com account via Standard Chartered.\u00a0<\/span><\/p>\n


\n <\/span><\/p>\n


\n <\/span><\/p>\n

<\/span><\/p>\n<\/div>\n

<\/p>\n

The post This Week In Crypto Asia: Crypto.com Focuses On UAE, Receives License To Offer Derivatives<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Crypto.com has been focused on the UAE for a while now. Today, 14 March 2025, the company announced receiving a limited licence by Dubai\u2019s Virtual Assets Regulatory Authority (VARA) to offer derivatives in the UAE.\u00a0 With its existing Virtual Asset Service Providers (VASP) license to operate in the UAE, the company is strengthening its presence […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51955","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51955"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51955"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51955\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}