The virtual assets regulator of Dubai awarded Crypto.com a limited license on March 14, 2025, which permits derivatives trading in the United Arab Emirates. The additional licence from Crypto.com gives the platform enhanced VASP authority to provide derivatives products in the regional market.
Expanding Crypto Derivatives in the UAE
Crypto.com’s regional entity will roll out derivatives products through the newly granted approval, including futures contracts, perpetual swaps, and CFDs (Contracts for Difference).
- Futures contracts
- Perpetual swaps
- CFDs (Contracts for Difference)
They will first enable eligible institutions worldwide to access the products before allowing qualified investors to use them at a subsequent time.
The license provides USD fiat rail access to Crypto.com retail users, who can perform USD deposits and withdrawals through Standard Chartered Bank.
A Key Milestone in Crypto.com’s 2025 Roadmap
The licence enables Crypto.com to progress with its multifaceted expansion plan by implementing advanced financial elements across its platform until 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 licence, we are taking a significant and exciting step forward in our pursuit.”
Crypto.com’s Regulatory Progress in Dubai
The UAE entity of Crypto.com secured key regulatory approvals from VARA as part of its subsequent development series, which includes:
- November 2023 – Granted VASP licence from VARA.
- April 2024 – Received full operational authorization to start business in Dubai.
- August 2024 – Established global retail services through its partnership with Standard Chartered.
About Crypto.com
The company Crypto.com initiated operations in 2016 to become a worldwide leader in crypto security and compliance while acquiring more than 100 million customers. As Crypto.com maintains its mission to place “Cryptocurrency in Every Wallet™”, it expands its financial service offerings throughout global markets.
For more details, visit Crypto.com.
