OKX's Dubai subsidiary has obtained a virtual asset license in Dubai

ChainCatcher news, according to CoinDesk, OKX Middle East Fintech FZE has announced that it has obtained a license from the Dubai Virtual Assets Regulatory Authority (VARA) and will commence full operations in the coming weeks. The Dubai Virtual Asset Service Provider (VASP) license will support fiat trading and allow the company to offer spot services and spot currency pairs to institutional and qualified retail clients through its exchange and application.

Rifad Mahasneh, General Manager of OKX Middle East, stated that OKX Middle East Fintech FZE will provide local currency trading pairs such as AED/BTC and AED/ETH in the coming weeks.