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Crypto.com has been granted a limited license by Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivatives trading services in the United Arab Emirates (UAE). This move marks a significant expansion of Crypto.com’s presence in Dubai and strengthens its position as a key player in the region’s virtual asset ecosystem.
With this new license, Crypto.com is set to introduce derivatives products, including futures, perpetual swaps, and contracts for difference (CFDs). Initially, these services will be available to eligible institutional clients, with plans to extend access to qualified investors at a later stage. The approval aligns with Dubai’s broader efforts to position itself as a global hub for virtual asset innovation.
In addition to expanding its trading offerings, Crypto.com is enhancing USD fiat access for retail users. The platform now allows deposits and withdrawals via Standard Chartered, enabling a seamless connection between traditional banking services and digital asset trading. This improvement aims to facilitate a more efficient transition between fiat and crypto, catering to the growing adoption of virtual assets in the UAE.
Crypto.com’s licensing journey in Dubai has seen continuous progress. The company received its initial Virtual Asset Service Provider (VASP) license in November 2023, followed by full operational approval in April 2024. In August 2024, the platform expanded its retail services globally, further cementing its presence in the UAE’s rapidly evolving crypto sector.
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Eric Anziani, President and COO of Crypto.com, commented on the recent approval, stating:
"We are aggressively transforming and evolving Crypto.com to provide users around the world with all the financial technology tools they are looking for in one place. With this approval from VARA for a limited license, we are taking a significant and exciting step forward in our pursuit."
Dubai continues to strengthen its position as a leading crypto-friendly jurisdiction, providing regulatory clarity for companies looking to expand in the region. With this latest license, Crypto.com is poised to play a pivotal role in the UAE’s derivatives trading ecosystem, offering sophisticated financial products within a regulated framework.
This milestone underscores Dubai’s commitment to fostering innovation while maintaining regulatory oversight, setting the stage for further developments in the country’s growing virtual asset sector.




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