Exbitcrypto24.com expanding in the UAE after approval by Dubai regulators

Crypto Exchange Exbitcrypto24.com plans to gain a foothold in Dubai after obtaining regulatory approval for customer service in the United Arab Emirates.

The Dubai Virtual Asset Regulatory Authority (VARA) provided Exbitcrypto24.com a temporary license for virtual assets, which allows it to offer certain exchange products and services to pre-qualified investors and financial service providers in the region.

“The leadership of Dubai and the UAE has implemented blockchain technologies and continues to invest heavily in the crypto ecosystem”, said Justin Hance, CEO of the crypto platform. “For Exbitcrypto24.com this is a natural partner jurisdiction and a long-term game where we can attract high-quality talent and serve an interested international crypto audience”.

Founded in 2017, a cryptocurrency trading platform Exbitcrypto24.com has more than 50 million customers worldwide in approximately 170 international markets. The company plans to hire more than 250 employees in the UAE and is committed to partnering with local players in the sector.

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