OKX Expands UAE Footprint with New Office as It Celebrates One Year of VARA Licensing
OKX, a leading global and trusted digital asset exchange and blockchain technology company, has officially opened its new office in the UAE, marking one year since obtaining its operating license from the Virtual Assets Regulatory Authority (VARA). The expansion underscores OKX’s long-term commitment to the UAE and reflects growing demand for secure, compliant digital asset services across the Middle East and North Africa.
Since securing its VARA license in October 2024, OKX UAE has significantly grown its user base, expanded its product offerings, and strengthened its presence among both retail and institutional clients. The UAE continues to emerge as a global hub for digital finance, backed by progressive regulation, robust technological infrastructure, and a fast-growing ecosystem of traders, developers, and institutions. The new office will serve as a regional hub for customer support, market development, and educational initiatives, employing over 100 professionals.
“The UAE has positioned itself as a global leader in digital finance through clear regulations, strong infrastructure, and a focus on innovation,” said Rifad Mahasneh, CEO of OKX MENA. “Over the past year, we have witnessed strong demand for responsible participation in the digital asset space. Our new office reflects our commitment to serving UAE customers and the wider region with transparency, security, and support, while contributing to the growth of the local ecosystem.”
OKX UAE has achieved several milestones in its first year, including launching regulated retail derivatives in the local market, giving users access to sophisticated trading tools within a secure and compliant environment. On the institutional front, OKX partnered with Standard Chartered Bank to implement a collateral mirroring system, while also hosting educational programs, community events, and talent development initiatives to enhance user understanding of digital assets.
Designed to strengthen engagement with customers and partners, the new UAE office will host workshops, industry roundtables, and training sessions aimed at improving financial literacy and empowering users to navigate digital assets confidently.
Looking ahead, OKX UAE plans to broaden its institutional services, develop strategic partnerships, and enhance its regional capabilities. The new office will act as a central hub for product development, customer support, and regional collaboration, reinforcing OKX’s position as a trusted digital asset provider in the Middle East.
