Dubai

<p>OKX Middle East Fintech FZE, the Dubai-based subsidiary of OKX, a leading cryptocurrency exchange and Web3 technology provider, has taken a significant step towards expanding its operations in the region. As of today, the Dubai Virtual Assets Regulatory Authority (VARA) has officially changed OKX’s Virtual Asset Service Provider (VASP) license status from “pending” to “active.” This update marks a key milestone in OKX’s journey to becoming a fully operational player in the Middle Eastern crypto space.</p> 
<h2 class="wp-block-heading" id="h-the-details-of-okx-s-active-vara-license">The Details of OKX’s Active VARA License</h2> 
<p>OKX’s active VASP license authorizes the company to provide a comprehensive range of services to various investor groups, including institutional, qualified, and retail investors. The following activities are now fully licensed under VARA:</p> 
<ul class="wp-block-list"> 
 <li><strong>Lending and Borrowing Services</strong>: OKX can offer lending and borrowing solutions, enabling investors to maximize their digital asset portfolios.</li> 
 <li><strong>Management and Investment Services</strong>: OKX is authorized to manage assets and provide investment services tailored to the needs of sophisticated investors.</li> 
 <li><strong>Exchange Services</strong>: This includes the provision of VA (Virtual Asset) derivatives trading services, allowing OKX to operate as a hub for both spot and derivative crypto trading activities. 
  <ul class="wp-block-list"> 
   <li><strong>VA Margin Trading</strong>: Permitted for institutional and qualified investors, OKX can now offer margin trading services, which allow clients to borrow funds to increase their trading capacity.</li> 
   <li><strong>VA Derivatives Trading</strong>: Restricted to institutional and qualified investors, OKX will operate under a limited VA derivatives license, offering structured products for sophisticated investors.</li> 
  </ul> </li> 
</ul> 
<p>This transition from “<a href="https://www.unlock-bc.com/116040/interview-with-okx-mena-gm-as-crypto-exchange-secures-vasp-license/">pending</a>” to “active” license status follows the fulfillment of specific conditions and localization requirements set forth by VARA. OKX’s updated license empowers the company to cater to a wide range of investors, from large institutions to retail users, with specialized services for institutional and qualified investors.</p> 
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</figure> 
<h2 class="wp-block-heading" id="h-a-strategic-move-for-the-region">A Strategic Move for the Region</h2> 
<p>This new development strengthens Dubai’s position as a global hub for digital assets and Web3 technology. OKX’s activation of the VASP license aligns with the city’s ambitions to foster a forward-looking regulatory framework for virtual assets. The approval of a fully operational VASP license for OKX marks a key moment for the cryptocurrency exchange’s expansion plans in the Middle East, enabling it to offer a comprehensive suite of digital asset services.</p> 
<p>For OKX, this is a significant step forward in becoming an operational force in the region. With the license now active, OKX is poised to expand its service offerings to a diverse range of investors, paving the way for innovative solutions in lending, investment, and derivatives trading within Dubai’s growing digital asset ecosystem.</p> 
<h2 class="wp-block-heading" id="h-what-s-next-for-okx-in-the-middle-east">What’s Next for OKX in the Middle East?</h2> 
<p>With its active VASP license, OKX is now positioned to fully launch its services in Dubai and the wider region. The company aims to build on its momentum by offering advanced products and services, particularly for institutional and qualified investors looking to tap into the growing market for virtual assets. The approval also reflects the growing maturity of Dubai’s regulatory landscape for virtual assets, further cementing its status as a leading global destination for cryptocurrency and blockchain companies. OKX’s enhanced offerings, underpinned by strong regulatory support, will likely attract both regional and international investors seeking exposure to digital assets.</p> 
<p>The post <a href="https://www.unlock-bc.com/129058/okx-secures-vasp-license-dubai-vara/">OKX Secures Active VASP License from Dubai VARA, Expanding Operations in the Middle East</a> appeared first on <a href="https://www.unlock-bc.com">UNLOCK Blockchain</a>.</p>

OKX Secures Active VASP License from Dubai VARA, Expanding Operations in the Middle East

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