OKX Exchange Receives Approval in Dubai

Rifad Mahasneh, CEO of OKX, has disclosed that the exchange will offer legal digital asset services in Dubai through a newly obtained license.

The Dubai branch, OKX Middle East Fintech FZE, has been granted a license as a Virtual Asset Service Provider (VASP) by the Virtual Asset Regulatory Authority (VARA). Rifad Mahasneh, CEO of OKX for the Middle East and North Africa region, stated that the company is actively working to meet regulatory requirements, and the new license is expected to become effective in the next few months.

Furthermore, the exchange representative noted that OKX Middle East will provide legal digital asset services upon commencing operations in this region. This includes services such as spot trading and fiat on-ramp/off-ramp, along with the ability to deposit and withdraw in AED (the official currency of the UAE).

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Sound legit, as OKX has been granted regulatory license in Dubai. Addition choice of Crypto Exchange for investors.