Summary:
Dubai’s regulatory body granted provisional approval to OKX.
The crypto exchange has bagged a virtual asset license and can offer trading facilities to investors in the United Araba Emirates.
OKX also plans to open a regional headquarters in Dubai.
The move is part of expansion efforts despite a downturn in the crypto market.
Other exchanges like FTX and Kraken bagged similar licenses in the UAE.
Major cryptocurrency exchange OKX has received provisional approval from Dubai’s digital asset regulatory agency and can now offer investment services to customers in the United Arab Emirates as the platform moves to expand its business operations around the world.
The Seychelles-based crypto company won a virtual asset license from Dubai’s Virtual Assets Regulatory Authority (VARA) and can offer investment services to pre-qualified investors and financial institutions, per the official announcement released on Thursday.
OKX has been granted a provisional virtual assets (VA)...
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