Cryptocurrency Exchange FTX Wins License In Dubai

by Shivani Kumaresan, Benzinga Staff Writer
March 15, 2022 7:45 AM | 24 seconds read |
  • Cryptocurrency exchange FTX has received a virtual asset license in Dubai, Bloomberg reported.
  • The exchange also has plans to set up a regional headquarters in Dubai.
  • The firm will offer “complex crypto-derivatives products with centralized counterparty clearing to institutional markets,” the report quoted FTX CEO Sam Bankman-Fried.
  • The license comes a week after Dubai announced the creation of the Virtual Asset Regulatory Authority (VARA), which will be responsible for governing the crypto sector.
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Comments
Posted In: CryptocurrencyNewsGlobalMarketsMediaGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!