- OKX launches VARA-licensed exchange in Dubai, providing services to retail and institutional clients across the UAE.
- UAE-based investors gain access to over 280 cryptocurrencies and 480 trading pairs via OKX’s new Dubai platform.
- OKX offers advanced crypto services with AED trading pairs, spot trading, and local bank integration for seamless transactions.
OKX has officially launched its VARA-licensed cryptocurrency exchange in Dubai, becoming the first major global platform to serve both retail and institutional clients in the UAE. This development opens the doors for local investors to access over 280 cryptocurrencies and 480 trading pairs.
The exchange now provides a comprehensive range of services tailored to meet the needs of the UAE market, aligning with the region’s growing role as a global hub for virtual assets and technological innovation.
New Move for UAE’s Crypto Sector
OKX’s move into the UAE market reinforces the country’s position as a key player in the virtual asset sector. The UAE has quickly established itself as a strategic hub, bridging Europe and Asia, and attracting a diverse, tech-savvy population.
OKX Middle East General Manager, Rifad Mahasneh, highlighted that this launch enables local residents and institutional investors to benefit from services that meet both global and local compliance standards. Importantly, the company’s operations align with the UAE’s Virtual Asset Regulatory Authority (VARA), ensuring a secure and compliant environment for users.
Expanding Services for Retail and Institutional Clients
With this launch, OKX offers a wide variety of services to cater to different investor types. Retail customers now have access to spot trading, conversion tools, and on-chain earning products.
Three key AED trading pairs—BTC/AED, ETH/AED, and USDT/AED—are available, providing seamless cryptocurrency trading experiences. Meanwhile, qualified and institutional investors who meet specific criteria can engage in advanced derivatives trading.
The platform’s AED deposit and withdrawal features, enabled through local UAE bank accounts, provide an added layer of convenience for users. OKX also ensures its customer service and platform are available in Arabic, further enhancing accessibility for its diverse audience.
Dubai as a Growing Blockchain Hub
OKX’s gala event, “A New Alternative for Dubai,” held at the Museum of the Future, featured prominent industry figures discussing the future of blockchain. Speakers included OKX CEO Star Xu, Polygon co-founder Sandeep Nailwal, and Manchester City manager Pep Guardiola, showcasing the broad interest in blockchain innovation across sectors. OKX views Dubai as a prime location for the continued evolution of blockchain applications, aligning with the UAE’s vision for 2033.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
