OKX Expands in Dubai With MVP License, Plans to Grow Team to 30

By Lola Coin Jun 26, 202352Views

OKX, a crypto exchange based in Seychelles, has expanded its services to the Middle East and Hong Kong. The Dubai Virtual Assets Regulatory Authority has granted the exchange a Minimal Viable Product (MVP) preparatory license, allowing it to operate in the region. Additionally, OKX is planning to expand its team in Dubai from 15 to 30 members. The exchange aims to be fully operational in Dubai within the year, offering spot trading and support for the United Arab Emirates Dirham. OKX cites Dubai’s regulatory clarity as a key advantage, with separate licenses for crypto assets and traditional assets. The exchange believes that other regulators and governments could learn from the UAE’s approach to digital assets. Binance, the largest crypto exchange by trading volume, is also considering the UAE as its central operational hub.

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