OKX licensed in Dubai
- July 14, 2022
- 0
Cryptocurrency exchange OKX has received a license in Dubai and plans to open a hub in the Emirate. 🇦🇪 OKX has been granted a temporary virtual assets (VA)
Cryptocurrency exchange OKX has received a license in Dubai and plans to open a hub in the Emirate.
🇦🇪 OKX has been granted a temporary virtual assets (VA) license to serve qualified investors in the UAE, the broader GCC, Africa and beyond.
This will enable #OKX to innovate for the future in a healthy, orderly framework.#better future
– OKX (@okx) 14 July 2022
The license, issued by Dubai Virtual Assets Regulatory Authority, will allow OKX to provide “a list of approved products and services in a secure and regulated manner to qualified investors and financial service providers in the UAE”.
Exchange CEO Lennix Lai pledged to continue to “innovate within a regulated framework” and noted the prospects for the region’s fast-growing market. MENA.
Previously, FTX and Binance had similar licenses in Dubai.
Recall that OKX will be sponsoring the football club “Manchester City” in the new season of the English Premier League.
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