Cryptocurrency exchange FTX has been approved by the Dubai regulator for a virtual asset trading license; Where it plans to open a regional headquarters soon.
According to Arab Net, FTX Europe is one of the largest crypto and virtual asset trading platforms that plans to open a headquarters in the Dubai World Trade Center.
It is the second platform of its kind after Binance, which earlier obtained the approval of the financial authorities in the emirate, as the UAE is the third largest cryptocurrency market in the region after Turkey and Lebanon. .
Binance obtained a crypto-asset trading service provider license from the Central Bank of Bahrain yesterday.
The crypto asset license will allow Binance to provide crypto-asset trading, custody services, custody and portfolio management services to clients, under the supervision of lawmakers in the Kingdom of Bahrain, according to the official Bahrain News Agency.
