The license enables the firm to offer regulated services upon meeting specified conditions.
Previously, the firm obtained VASP registration from the Bank of Spain.
The skyline of Dubai
Crypto.com's
Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets
Service Provider (VASP) Licence for specified virtual asset service activities
by Dubai's Virtual Assets Regulatory Authority (VARA).
Offering
Regulated Services with VARA's Approval
The
VASP Licence, subject to the fulfillment of select conditions and localisation
requirements defined by VARA, will enable Crypto.com to offer regulated virtual
asset services. These services include exchange, broker-dealer, management and
investment, as well as lending and borrowing.
Kris Marszalek, CEO of Crypto.com, Source: LinkedIn
Importantly,
these offerings will be accessible to both retail and institutional users
through the Crypto.com App and Crypto.com Exchange. This follows VARA's
issuance of specialized regulations for virtual assets in February 2023.
Kris
Marszalek, the CEO of Crypto.com stated: "It is an incredible honor to be one
of the first crypto exchanges to be granted a Virtual Asset Service Provider
Licence by VARA, and it further proves our company’s commitment to security and
compliance." Crypto.com previously announced Dubai as its regional hub
for the Middle East and Africa in March 2022.
“Dubai continues to show it is a leading market
when designing effective regulation for the crypto space while still supporting
adoption and innovation,” he added.
Earlier Crypto.com secured a Minimal
Viable Product Preparatory license from VARA. That followed provisional approval granted last year and
positioned Crypto.com to operate within the VARA Regime. Under the
license, the exchange gains the authority to offer spot and derivatives
instruments of virtual assets, including exchange services, brokerage, margin
or leverage trading, and OTC offerings.
Crypto.com's
Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets
Service Provider (VASP) Licence for specified virtual asset service activities
by Dubai's Virtual Assets Regulatory Authority (VARA).
Offering
Regulated Services with VARA's Approval
The
VASP Licence, subject to the fulfillment of select conditions and localisation
requirements defined by VARA, will enable Crypto.com to offer regulated virtual
asset services. These services include exchange, broker-dealer, management and
investment, as well as lending and borrowing.
Kris Marszalek, CEO of Crypto.com, Source: LinkedIn
Importantly,
these offerings will be accessible to both retail and institutional users
through the Crypto.com App and Crypto.com Exchange. This follows VARA's
issuance of specialized regulations for virtual assets in February 2023.
Kris
Marszalek, the CEO of Crypto.com stated: "It is an incredible honor to be one
of the first crypto exchanges to be granted a Virtual Asset Service Provider
Licence by VARA, and it further proves our company’s commitment to security and
compliance." Crypto.com previously announced Dubai as its regional hub
for the Middle East and Africa in March 2022.
“Dubai continues to show it is a leading market
when designing effective regulation for the crypto space while still supporting
adoption and innovation,” he added.
Earlier Crypto.com secured a Minimal
Viable Product Preparatory license from VARA. That followed provisional approval granted last year and
positioned Crypto.com to operate within the VARA Regime. Under the
license, the exchange gains the authority to offer spot and derivatives
instruments of virtual assets, including exchange services, brokerage, margin
or leverage trading, and OTC offerings.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
WhiteBIT secures brokerage license in Georgia to launch regulated crypto derivatives
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
