🎉Crypto.com's Dubai branch, CRO DAX Middle East FZE, is now fully operational, thanks to the thumbs-up from Dubai's Virtual Assets Regulatory Authority (VARA). First time ever a crypto exchange has been given the green light to handle fiat transactions in the UAE! 🚦

👀This follows the initial licensing phase where Crypto.com ticked all the boxes set by VARA. Now, they're set to launch exchange services for institutional investors and qualified retail investors. Expect spot trading, staking, brokerage, and OTC trading! 📈

🎙️Eric Anziani, Crypto.com's president, is over the moon about this milestone, saying it shows their commitment to working with regulators to advance the industry responsibly. He's also hyped about the upcoming institutional services exchange, which he sees as a growth driver in the region. 🚀

🌍Crypto.com, born in Hong Kong in 2016 and now based in Singapore, is on a mission to expand its global footprint. They've been navigating the regulatory landscape in Europe, partnering with Latin America's largest investment bank, and launching a crypto trading app in South Korea. 🌐

👉Despite a few regulatory hiccups, Crypto.com is determined to solidify its position in the global crypto market. What do you think about their ambitious moves? Let's chat in the comments! 💬 #DeFi #Web3 #Technology