Xavier Kong · · 1 min readCrypto exchange OKX gets Dubai license for regulated expansion
Crypto exchange OKX has been awarded a provisional virtual assets license to offer its products and services to investors in the United Arab Emirates.
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Securing the licence from Dubai’s Virtual Assets Regulatory Authority indicates how OKX is prioritizing a regulated environment and how regulatory compliance offers protection to investors.
Apart from establishing a regional hub in Dubai, the Seychelles-based exchange said it will also set up its team and infrastructure in the UAE.
Founded in 2017, OKX offers non-fungible tokens and metaverse-related services, alongside trading GameFi and decentralized finance tokens. With a presence in over 180 markets, the crypto exchange has a user base of 20 million.
Editing by Samreen Ahmad and Joy Tirkey
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