Crypto.com Expands UAE Presence with License to Offer Derivatives

Highlights:

• Crypto.com has expanded its reach in the UAE market by obtaining a limited license for derivatives.
• The license enables Crypto.com to provide futures, perpetual swaps, and CFDs.
• The exchange enhances fiat access in UAE through Standard Chartered’s USD services.

Crypto.com has expanded its market reach in UAE by obtaining a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license enables the platform to deal with futures, perpetual swaps, and CFDs in UAE.

This move aligns with Crypto.com’s strategic plan for the year 2025, which is to supply institutional consumers with advanced financial solutions. The platform will gradually expand its services to the retail public in the future. This is a strategic step for Crypto.com to develop new products and further penetrate the market.

One of the primary reasons why the cryptocurrency industry is increasingly important in Dubai is because of the favorable regulatory policies. Crypto.com’s push to advance its presence in this region highlights the potential significance of the UAE in the sphere of digital assets.

Our latest regulatory milestone – @cryptocom has received its license from @varadubai to offer derivatives in the #UAE.

Learn more 👉 https://t.co/LWlun3P3Ue pic.twitter.com/ZqTFrGy0Xq

— Crypto.com (@cryptocom) March 14, 2025

New Derivative Products and Fiat Integration

With the new license, Crypto.com plans to offer multiple derivatives to its institutional clients including, futures and perpetual swap contracts. Furthermore, CFDs will also be available to qualified investors. As for the platform, it plans to extend this offering as the regulation develops further.

The company has also added a service where all Crypto.com users in the UAE can deposit and withdraw USD through Standard Chartered. This integration makes fiat to cryptocurrencies more seamless. Consequently, this is crucial in order to tap into institutional clients and high-networth individuals seeking reliable legal means of engaging in the digital currency market.

For Crypto.com, fiat withdrawal and deposit facilities are very important since they propel the firm to the forefront in the UAE market. This integration ensures that the banking services are secure and efficient improving the experience for the users.

Strengthening Crypto.com’s Presence in Dubai

The Crypto.com entry in Dubai has had several achievements. The firm was granted a Virtual Asset Service Provider (VASP) license in November 2023. It received full operational approval in April 2024 and started its global retail services in August 2024, leveraging the cooperation with Standard Chartered Bank.

This extension of the company’s license to deal in derivatives products shows the desire of the company to diversify and expand its services. Crypto.com’s President and COO Eric Anziani highlighted that Crypto.com aims to offer a range of financial technology solutions to its users and the new derivatives are part of this plan.

Recently, Crypto.com collaborated with Tawasal, a leading technology firm based in the UAE market. This collaboration will allow Crypto.com to extend its products to Tawasal’s user base comprising nearly 4 million users. Initially, Tawasal Alkhaleej will introduce Crypto.com’s platform to local partners in the Middle East, expanding its regional reach.

We are excited to announce that https://t.co/vCNztATkNg is the exclusive crypto partner for @TawasalSuperApp, strengthening https://t.co/vCNztATkNg’s position in the Middle East region!

Read more: https://t.co/1eGt0BY3uw pic.twitter.com/43P1PygLIv

— Crypto.com (@cryptocom) March 13, 2025

Tawasal aims to build on Crypto.com services with its blockchain solutions to provide users with a seamless experience. This will bring more awareness of Crypto.com in the UAE and ultimately increase demand for cryptocurrencies in the region.