OKX Secures VASP License in Dubai Amid Region's Crypto Growth

OKX, one of the prominent cryptocurrency exchanges, has secured a Virtual Asset Service Provider (VASP) license in Dubai. This significant milestone marks the exchange's expansion into the Middle East region.

The license was granted by the Dubai Virtual Assets Regulatory Authority (VARA), enabling OKX Middle East to offer regulated virtual asset activities, including spot trading and spot-pairs, to institutional and qualified retail customers.

Rifad Mahasneh, general manager for OKX's MENA region, expressed enthusiasm about the region's potential as a Web3 and crypto hub. 'We eagerly anticipate the chance to contribute to the flourishing ecosystem throughout the region,' he said.