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Gate crypto exchange receives license in UAE

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Gate crypto exchange receives license in UAE

In this post:

  • Gate Group announces that it is now licensed in the UAE.
  • Gate.io has already received licenses in Europe and Asia.
  • It will be launching its office and hiring in the coming months.

Gate Group, through its subsidiary, Gate Technology FZE (“Gate Dubai”), has obtained a VASP License granted by VARA ( Virtual Assets Regulatory Authority) in Dubai to provide crypto exchange services to institutional investors, qualified investors, and retail investors.

Commenting on the license, Dr. Han, Gate Group’s Founder and CEO, said that the exchange has always adhered to a compliance-first strategy, and obtaining VARA’s full operational license is a critical step in their expansion across the Middle East and globally.

He noted, “It underscores our long-term commitment to security, transparency, and user protection. We look forward to growing alongside Dubai’s ecosystem and driving further prosperity in the local digital economy.”

Alongside securing the licence, Gate Dubai is accelerating the expansion of its local team and preparing for its official launch. The platform will allow users to initiate crypto-to-crypto and fiat-to-crypto and vice versa trades with other users as the counterparties to these transactions.

Gate is obtaining licenses globally

Gate Group’s compliance efforts and investments rank among industry leaders, with compliant presences in the Americas, the Middle East, Europe, and Asia.

See also  Tajikistan launches crypto exchange to tap into global markets

Various Gate entities have obtained or completed regulatory registrations, licenses, authorizations, or approvals across various jurisdictions, such as Lithuania, Argentina, Malta, Italy, Gibraltar, the Bahamas, and Hong Kong. Last year, Gate Group also completed the acquisition of Japan-licensed exchange Coin Master, further broadening its international compliance network.

In Dubai, the crypto exchange joins OKX, Binance, Crypto.com, CoinMENA, BitOasis, and others in the race towards offering crypto trading and exchange services.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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