Crypto Exchange OKX Goes Live in United Arab Emirates (UAE), Targeting TradFi Institutions, Retail Investors
OKX Middle East Fintech FZE has officially launched its cryptocurrency exchange in the United Arab Emirates, nine months after receiving full regulatory approval from the Virtual Assets Regulatory Authority (VARA). This move will allow local residents to access the market directly without the need for a broker, eliminating the extra costs and delays associated with third-party liquidity providers.
Rifad Mahasneh, the general manager for the Middle East at OKX, stated that this launch marks a significant milestone for the company and the cryptocurrency industry in the region. By offering a platform for residents to trade cryptocurrencies without intermediaries, OKX aims to provide a more efficient and cost-effective solution for investors in the UAE.
With this new exchange, OKX Middle East Fintech FZE joins the ranks of the top four cryptocurrency exchanges in terms of trading volume. The company’s focus on regulatory compliance and transparency has allowed it to establish a strong presence in the Middle East, attracting both institutional and retail investors.
As the cryptocurrency market continues to grow in the UAE and across the globe, OKX Middle East Fintech FZE remains committed to providing a secure and user-friendly trading platform for its customers. By leveraging its expertise and technology, the company aims to drive innovation and adoption of digital assets in the region.
