FTX Exchange Secures Full Regulatory Approval to Operate in Dubai

Big news for the crypto world! FTX has effectively become the first Virtual Asset Service Provider (VASP) to receive the MVP license to operate its Virtual Asset (VA) Exchange and Clearing House in Dubai. This landmark achievement signifies a major step forward for the platform's global expansion and its commitment to regulatory compliance.

Crypto exchange FTX has received the green light to operate an exchange and clearing house services in Dubai, United Arab Emirates, the firm announced today. This full regulatory approval from Dubai’s regulator allows FTX to offer a wide range of services within the emirate's vibrant financial landscape.

The FTX exchange received approval to operate exchange and clearinghouse services in Dubai. This strategic move involves building a regional headquarters in the city, solidifying FTX's presence in the Middle East and North Africa (MENA) region.

FTX said it will start by offering regulated crypto derivatives products and trading services to institutional investors in Dubai, as well as operate a nonfungible token (NFT) marketplace. This initial focus demonstrates FTX's commitment to providing sophisticated and compliant crypto solutions to institutional clients.

A subsidiary of FTX, a cryptocurrency exchange headquartered in the Bahamas, announced on Friday that it has received a full regulatory approval to operate its exchange and clearing services. This confirms FTX Crypto exchange platform FTX has received full approval from Dubai’s regulator to operate its virtual asset exchange and clearing house services in the emirate. The future is bright for FTX in Dubai!