OKX Receives MVP Preparatory License in Dubai: A Major Step Forward

Dubai, United Arab Emirates, J - OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced a significant milestone: OKX, one of the largest crypto exchanges by trading volumes, has announced that it has been granted a Minimal Viable Product (MVP) Preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA).

Recent reports indicated that OKX Middle East has successfully obtained a Preparatory license for a Minimal Viable Product [MVP] from the Dubai Virtual Assets Regulatory Authority (VARA). This license allows OKX Middle East to further develop its platform and prepare for full operational status in the regulated virtual assets market of Dubai.

Once licensed to be operational, OKX Middle East will be able to extend its approved suite of duly regulated virtual assets activities and will provide spot, derivatives, and a range of other services to qualified investors and institutional clients within the Dubai ecosystem. This represents a crucial step in OKX's commitment to expanding its global presence and providing secure, regulated access to the digital asset space.

This MVP Preparatory license highlights Dubai's proactive approach to fostering innovation in the virtual asset sector while maintaining stringent regulatory standards. OKX's achievement underscores its dedication to compliance and its ability to meet the rigorous requirements set forth by VARA. Stay tuned for further updates as OKX Middle East progresses towards full operational licensing.