Key Milestone for Crypto Regulation in Dubai
OKX Middle East Fintech FZE, the Dubai subsidiary of OKX—a leading global cryptocurrency exchange and Web3 technology company—has been granted a Virtual Asset Service Provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This landmark approval enables OKX Middle East to offer regulated virtual asset exchange services, including spot trading for institutional and qualified retail customers, once operational conditions are met.
License Status and Next Steps
- Non-operational: The license remains subject to fulfilling VARA’s localisation requirements and regulatory reverification.
- Future services: Post-approval, OKX Middle East will provide spot trading pairs via the OKX App and OKX.com exchange.
👉 Explore OKX’s regulated crypto services
Enhancing Consumer Protection in Dubai’s Crypto Market
Under VARA’s oversight, OKX is committed to investor safeguards and market integrity. Trading on a regulated platform ensures:
- Transparency: Compliance with VARA’s comprehensive framework.
- Security: Robust protections for users’ digital assets.
- Trust: Alignment with Dubai’s vision as a global Web3 hub.
Executive Insights
Rifad Mahasneh, OKX MENA General Manager:
"Dubai and VARA have created a model environment for virtual asset innovation. The MENA region is poised to become a Web3 excellence hub, and we’re proud to contribute to its growth."
Tim Byun, OKX Global Head of Government Relations:
"This license marks OKX’s transition toward a trustless system, empowering users to control their financial future. Dubai’s leadership in crypto regulation aligns with our mission."
FAQs: OKX’s VASP License in Dubai
1. When will OKX Middle East begin operations?
Pending VARA’s final approval after fulfilling localization requirements.
2. What services will OKX offer under this license?
- Spot trading for institutional and retail users.
- Regulated virtual asset exchange services.
3. How does this benefit traders?
Enhanced consumer protection and compliance under VARA’s supervision.
👉 Learn more about OKX’s global compliance
OKX’s Global Compliance and Security Standards
ISO/IEC 27001:2022 Certification
OKX has achieved the highest international standard for information security management, reinforcing its commitment to customer data protection.
Recent Expansions
- Spain: Launched a MiCA-compliant exchange via Malta HQ (June 2025).
- Germany & Poland: Fully regulated services now live.
- OKX Pay: Innovative crypto payment app rolling out globally.
Conclusion
Dubai’s VASP license positions OKX Middle East as a pioneer in regulated virtual asset services, driving Web3 adoption in MENA. With global expansions and security certifications, OKX continues to set benchmarks for trust and innovation in the crypto industry.
© OKX, 2025. This article may be reproduced with attribution.
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