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Benzinga
Benzinga
Business
Shivani Kumaresan

Binance Strengthens Mideast Presence With Dubai License

Binance Dubai Bahrain FTX UAE
  • Cryptocurrency exchange Binance has received the license for its Dubai operations, Bloomberg reported.
  • The approval comes days after Bahrain approved Binance's operations, thus boosting its middle-east presence.
  • Binance will be permitted to extend limited exchange products and services to pre-qualified investors and professional financial service providers.
  • The report further noted that UAE is issuing federal licenses to virtual asset service providers in an effort to provide a regulated environment for crypto trading.
  • The country has issued a license to another major cryptocurrency exchange, FTX.
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