Crypto Exchange OKX launches in the United Arab Emirates (UAE), targeting TradFi institutions and retail investors

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By Maya Cantina

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The opening, nine months later OKX Middle East Fintech FZE has obtained full regulatory approval from the Virtual Assets Regulatory Authority (VARA), which will enable one of the four largest cryptocurrency exchanges in volume offering local residents access to a market without involving a broker who buys liquidity outside the UAE, usually at a higher price, adding time and friction, said Rifad Mahasneh, chief executive of the scholarship for the Middle East.

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