OKX Middle East Receives MVP Preparatory License From VARA in Dubai

OKX Middle East, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has been granted a Minimal Viable Product Preparatory License from the Virtual Asset Regulation Authority (VARA) in Dubai, United Arab Emirates (UAE). This milestone enables OKX to establish itself as a strategic global and regional business hub and expand to 30 staff members in the Middle East.

OKX Middle East is set to be a key player in the country’s growing cryptocurrency and blockchain industry. The new license allows the company to provide exemplary trust and security for customers and the whole ecosystem, facilitate trade for retail and institutional traders, and become a leader in Digital Asset Management.

“We are thrilled to have been granted a comprehensive Preparatory License from VARA, which is a testament to our commitment to provide a secure, stable, and compliant crypto trading environment for our customers,” said Chris Lee, CEO of OKX. “We are looking forward to connecting the Middle Eastern market to our global ecosystem and working towards making Dubai a hub for Web 3.0 innovation.”

Robert Wilson
Robert Wilson author

As the overseer of NicheBot's editorial content, I am committed to ensuring that all information published on our website is both accurate and relevant to our readers. My fervent support for the crypto industry has led me to closely monitor the developments within it since 2012, and I have contributed extensively to discussions and debates surrounding the world of Bitcoin.

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