OKX becomes first global exchange to offer regulated crypto derivatives in UAE
Main Idea
OKX becomes the first global exchange to offer regulated crypto derivatives in the UAE under Dubai's VARA pilot program, marking a significant step in the region's emergence as a crypto trading hub.
Key Points
1. OKX secures a first-mover advantage in the UAE by launching regulated retail crypto derivatives under Dubai VARA's oversight.
2. The approval is part of VARA’s pilot program, which allows select firms to operate compliant crypto innovations.
3. OKX has collaborated closely with VARA and local partners to ensure adherence to Dubai’s digital asset regulations.
4. The UAE is positioning itself as a leader in Web3 policy, with OKX's launch reflecting confidence in the region's long-term viability as a digital asset hub.
5. The platform now includes enhanced support for Arabic-speaking users and educational tools to promote responsible trading.
Description
OKX has secured a first-mover advantage in the Middle East by becoming the first global cryptocurrency exchange to offer regulated crypto derivatives to retail investors in the United Arab Emirates. This milestone, achieved under the oversight of the Dubai Virtual Assets Regulatory Authority (VARA), puts the spotlight on the UAE’s evolving regulatory landscape and its strategic push to attract global digital asset firms. Retail users can now access futures, perpetuals, and options trading with u...
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