Crypto Exchange and Custodian DEX Gains UAE License

DEX, a digital asset Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, announced on Tuesday that it has secured a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the United Arab Emirates (UAE).

The authorization will allow the platform to operate a regulated multilateral trading facility (MTF) and custody platform using virtual assets. DEX can now legally offer its services to both retail and accredited investors, trading firms, and institutions across the globe.

Per the press release shared with Finance Magnates, the regulated platform will allow trading of digital currencies with all major fiat currencies, along with local currencies of UAE and GCC.

"At DEX, our goal is to provide investors with a digital assets platform that delivers a best-in-class, fully regulated trading experience," DEX CEO Leon Smith said. "For us, that means ensuring confidence through robust Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term, transparency, and security."

The Abu Dhabi-headquartered company is now eying to launch its trading and custody services in the third quarter of this year.

"DEX aims to provide its clientele with a regulated trading and custodial ecosystem which we believe is the future of digital asset trading on a global scale," Smith added.

Becoming a multi-asset exchange

The company also revealed that it has future plans to secure further regulatory approval, covering additional asset classes, including digital securities, fiat tokens, options, and derivatives.

"The ADGM's rigorous and progressive approach to digital asset regulation provides the strongest possible foundations for launching an institutional-grade platform that meets the needs of today's participants. Obtaining this FSP as an MTF and custodian using Virtual Assets is a major milestone in our journey to provide a secure, regulated, and transparent platform covering a broad array of digital assets to our clientele," the CEO continued.