OKX crypto exchange now has a fully active crypto exchange license from Dubai’s regulator VARA ( Virtual Asset Regulatory Authority), published on VARA website today.
OKX with this active license is now authorised to serve Institutional Investors, Qualified Investors and Retail Investors. It can also offer virtual asset margin Trading Services permitted to Institutional Investors and Qualified Investors under the VA Exchange License.
OKX can also offer crypto derivatives Trading Restricted to Institutional Investors and Qualified Investors for VA Derivatives Limited License.
In February 2024 OKX received its crypto exchange VASP license from Dubai UAE through VARA ( Virtual Asset Regulatory Authority), and then a license in Turkey. OKX TR, will provide Turkish users with a trusted, compliant and transparent gateway to crypto trading and decentralized finance. The OKX Web3 Wallet is currently available in Türkiye through OKX’s global platform.
Earlier this week, Bybit received its VASP license from VARA, which is currently not active until all requirements are met. Already global players like Binance, Crypto.com have received licenses in UAE as well.
