The company announced today that it has been issued a limited license by Dubai’s Virtual Assets Regulatory Authority (VARA).
This approval extends Crypto.com’s existing Virtual Asset Service Provider (VASP) license, allowing it to offer derivatives in the UAE.
Crypto.com Expands Derivatives Trading with New Dubai License
With this new license, Crypto.com’s regional entity will begin rolling out a range of derivative products, including futures, perpetual swaps, and contracts for difference (CFDs). Initially, these services will be available to eligible institutions worldwide, with qualified investors set to gain access later.
In addition to derivatives trading, Crypto.com is making life easier for its retail users. Thanks to this limited license, all Crypto.com customers can now deposit and withdraw USD via Standard Chartered, providing a smoother experience for managing funds.
Our latest regulatory milestone – @cryptocom has received its license from @varadubai to offer derivatives in the #UAE.
Learn more https://t.co/LWlun3P3Ue pic.twitter.com/ZqTFrGy0Xq
— Crypto.com (@cryptocom) March 14, 2025
“We 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,” said Eric Anziani, President and COO of Crypto.com. “With this approval from VARA for a limited license, we are taking a significant and exciting step forward in our pursuit.”
More About Crypto.com
Crypto.com has announced that users can now deposit and withdraw $LION via Arbitrum on the Crypto.com App.
Deposits and withdrawals of $LION via Arbitrum have just been enabled on the https://t.co/vCNztATkNg App.
Launch the App
https://t.co/KcFFE92P9D@LoadedLions_CDC pic.twitter.com/5xQ6EbSTLp
— Crypto.com (@cryptocom) March 13, 2025
This update provides a faster and more cost-effective way for traders to move their $LION tokens. This will take advantage of Arbitrum’s low fees and high-speed transactions.
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