OKX has become the first major licensed global exchange to serve both retail and institutional clients in the UAE. The company announced the official launch of its VARA-licensed crypto exchange in Dubai, offering over 280 cryptocurrencies and 480 trading pairs.
OKX celebrated the milestone at an event dubbed A New Alternative for Dubai, which Star Xu, the founder and CEO of OKX, attended. Other attendees included Pep Guardiola and Anthony Scaramucci. The event discussed the future of blockchain and the changes it places on industries.
With the launch, OKX will be the first crypto exchange in the UAE to provide AED banking to its customers. The exchange perceives the UAE as a strategic global hub for the fast-growing crypto landscape. Its progressive regime for the regulation of virtual assets has positioned the country among the leading global players in blockchain technology.
AED trading pairs are now available on OKX
It has taken more than a year for the company to begin the VARA licensing process. With complete approval, OKX is now ready to go all out in offering its suite of services for both retail and institutional clients, including trading in BTC/AED, ETH/AED, and USDT/AED.
OKX also introduced AED deposit and withdrawal options for UAE customers to manage their crypto investments more easily. The user interface and customer support are also made available in Arabic for seamless experiences in the local market.
While expanding, the exchange focuses on further regional investment and involvement with the local community. It is committed to consistency with both local and global standards in order to offer security in compliant trading.
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