Crypto.com, a renowned crypto exchange, announced today, March 14, 2025, that Dubai’s Virtual Assets Regulatory Authority (VARA) issued it a license. This license allows Crypto.com to offer derivatives in the UAE.

This issuance of a license will help the exchange to extend and operate in the region. With this license, they are planning to propose multiple derivative products which include futures, perpetual swap contracts, and CFDs.

Crypto.com Gains VARA License in UAE.

In addition to derivatives, Crypto.com users in the UAE will now be able to deposit and withdraw USD through Standard Chartered, enhancing fiat accessibility for its customers.

This new feature provides a more seamless and efficient banking experience, letting users easily move funds between their accounts and traditional financial institutions. Integration with Standard Chartered ensures secure transactions through a well-established banking network, offering users greater reliability and trust.

Furthermore, this move aligns with the broader industry trend of enhancing fiat-to-crypto on-ramps, which are critical for driving wider adoption of digital assets. By improving fiat accessibility, the giant exchange aims to attract a larger user base, including institutional investors and high-net-worth individuals looking for compliant and efficient ways to interact with the cryptocurrency ecosystem.

Moreover, this update is part of the exchange’s long-term strategy to enhance financial services, ensuring that users benefit from low-cost, high-speed transactions while maintaining full regulatory compliance.

Crypto.com has steadily strengthened its presence in Dubai, securing its VASP license in November 2023, obtaining full operational approval in April 2024, and launching global retail services in partnership with Standard Chartered in August 2024.

Evolving to Provide Financial Technology Tools.

Eric Anziani, President and COO of Crypto.Com says that they are aggressively transforming and evolving to provide the users the financial technology tools in order to revolutionize derivative products.

Moreover, he further mentions that with this limited license they are taking a step forward which will prove to be a milestone in this regard and improve customers easy access to cryptocurrency.

Their latest expansion in the UAE underscores Dubai’s growing role as a global hub for digital asset services. It also reinforces the city’s position at the forefront of crypto-friendly regulations and institutional engagement.