Crypto.com has secured a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing the global crypto exchange to offer derivatives to both institutions and qualified investors within the United Arab Emirates (UAE) and internationally.

According to the announcement, the new license extends Crypto.com’s existing Virtual Asset Service Provider (VASP) status and paves the way for the launch of futures, perpetual swap contracts, and contracts for difference (CFDs) on the platform. Initially, these services will be made available to eligible institutional clients, with access for qualified retail investors expected to follow.

“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.

This milestone is part of Crypto.com’s broader 2025 Roadmap, which includes several major rollouts and regulatory milestones in the UAE. Since acquiring its VASP license in November 2023, the company has made significant strides, including receiving full operational approval in April 2024 and launching global retail services in August 2024 through a strategic partnership with Standard Chartered.

As part of this license extension, all Crypto.com users in the UAE can now deposit and withdraw USD from their accounts using Standard Chartered’s fiat rails. The UAE, particularly Dubai, continues to attract leading crypto firms with its progressive regulatory stance, reinforcing Dubai’s appeal as a global hub for regulated crypto innovation.

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