Crypto.com has been granted a limited license by Dubai’s Virtual Assets Regulatory Authority to offer derivatives in the UAE. This approval expands on the capabilities allowed under the company’s existing VASP license enhancing its operational footprint in the region. Now Crypto.com will launch derivatives products such as futures perpetual swap contracts and CFDs mainly to eligible institutions with plans to include qualified investors later.

Through the new license retail users of Crypto.com can utilize USD fiat rails for seamless USD transactions. These transactions are facilitated by Standard Chartered allowing deposits and withdrawals directly from their Crypto.com accounts. This initiative is part of Crypto.com’s broader strategy to increase product availability and financial technology integration across global markets.

The announcement marks another significant development for Crypto.com’s Dubai entity following a series of regulatory approvals and service launches over the past two years. Eric Anziani President and COO of Crypto.com expressed enthusiasm about the new license stating it as a major step towards providing comprehensive financial technology tools worldwide.

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