UAE residents can use OKX for spot and express trading, qualified traders can access derivatives.
The firm has recently obtained an MPI license in Singapore to offer cross-border transfer services.
The skyline of Dubai
Crypto exchange OKX has launched its trading platform for
retail and institutional investors in the United Arab Emirates. This follows
the company’s acquisition of a full operating license from the UAE's Virtual
Assets Regulatory Authority.
OKX Offers Derivatives Trading Access
Rifad Mahasneh, OKX’s General Manager for MENA, Source: PRNewswire
UAE residents can now access various services on the OKX
platform after completing the required onboarding steps on its website or
application. Services available include spot trading, express buy and sell,
conversion, and on-chain earning products.
Qualified traders and institutional
investors may access derivatives trading, provided they meet specific criteria.
To qualify for derivatives trading, customers must pass a
knowledge test and a suitability assessment. They are also required to submit
documentation proving they have liquid assets of at least 500,000 dirhams,
approximately $136,000.
Rifad Mahasneh, OKX’s General Manager for the Middle East
and North Africa (MENA) region, stated that the company recognizes significant
potential in the UAE. He noted that the regulatory environment in the
jurisdiction facilitates business operations, enabling planning and investment
for the future.
“We are extremely bullish on the UAE as a crypto hub and
only see the sector growing in the next few years,” Mahasneh said.
Meanwhile, OKX
has expanded its operations in Singapore by obtaining a Major Payment
Institution license, as reported by Finance
Magnates. The exchange appointed Gracie Lin, a former regulator, as the CEO
of its Singapore unit. The MPI license was granted six months after receiving
in-principle approval.
KYC Policies for Institutions
For institutional clients, acceptance of OKX's
Know-Your-Customer (KYC) policies is mandatory, along with meeting two out of
three liquidity criteria: a minimum balance sheet of $20 million, an annual net
turnover of $40 million, or total funds of at least $2 million.
The launch comes nearly nine months after OKX received a
conditional license from VARA. The license was non-operational until OKX met
all regulatory requirements. The platform allows UAE crypto investors to
deposit and withdraw fiat dirhams through local banks and trade AED against
various cryptocurrencies.
Crypto exchange OKX has launched its trading platform for
retail and institutional investors in the United Arab Emirates. This follows
the company’s acquisition of a full operating license from the UAE's Virtual
Assets Regulatory Authority.
OKX Offers Derivatives Trading Access
Rifad Mahasneh, OKX’s General Manager for MENA, Source: PRNewswire
UAE residents can now access various services on the OKX
platform after completing the required onboarding steps on its website or
application. Services available include spot trading, express buy and sell,
conversion, and on-chain earning products.
Qualified traders and institutional
investors may access derivatives trading, provided they meet specific criteria.
To qualify for derivatives trading, customers must pass a
knowledge test and a suitability assessment. They are also required to submit
documentation proving they have liquid assets of at least 500,000 dirhams,
approximately $136,000.
Rifad Mahasneh, OKX’s General Manager for the Middle East
and North Africa (MENA) region, stated that the company recognizes significant
potential in the UAE. He noted that the regulatory environment in the
jurisdiction facilitates business operations, enabling planning and investment
for the future.
“We are extremely bullish on the UAE as a crypto hub and
only see the sector growing in the next few years,” Mahasneh said.
Meanwhile, OKX
has expanded its operations in Singapore by obtaining a Major Payment
Institution license, as reported by Finance
Magnates. The exchange appointed Gracie Lin, a former regulator, as the CEO
of its Singapore unit. The MPI license was granted six months after receiving
in-principle approval.
KYC Policies for Institutions
For institutional clients, acceptance of OKX's
Know-Your-Customer (KYC) policies is mandatory, along with meeting two out of
three liquidity criteria: a minimum balance sheet of $20 million, an annual net
turnover of $40 million, or total funds of at least $2 million.
The launch comes nearly nine months after OKX received a
conditional license from VARA. The license was non-operational until OKX met
all regulatory requirements. The platform allows UAE crypto investors to
deposit and withdraw fiat dirhams through local banks and trade AED against
various cryptocurrencies.
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
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
