Gate Dubai launches with VARA approval, enabling crypto trading in local fiat and strengthening Dubai’s role as a crypto hub.
Major crypto exchanges are speeding up their global expansion in early 2026, focusing on clear regulations and access to fast-growing regional markets. Recent regulatory approvals secured by Crypto.com in the Cayman Islands and Gate Group in Dubai show how top platforms are expanding while working closely with local authorities.
Crypto.com has reached an important milestone by becoming the first digital asset company to receive conditional approval for a Virtual Asset Service Provider (VASP) license from the Cayman Islands Monetary Authority. This follows its initial VASP registration in 2022 and reflects growing confidence in the company’s compliance standards.
The conditional license allows Crypto.com to expand its exchange services in the Cayman Islands, with a focus on professional and institutional traders. The company has stated that following regulations remains a core part of its strategy. Full approval is expected once the remaining requirements are met.
This move strengthens Crypto.com’s presence in the Cayman Islands, a jurisdiction known for its role in global finance and investment structures.
At the same time, Gate Group has officially launched Gate Dubai after receiving a VASP license from Dubai’s Virtual Assets Regulatory Authority (VARA). With this approval, Gate Dubai is now live and offers spot trading for major cryptocurrencies such as Bitcoin, Ethereum, XRP, BNB, and Cardano.
The platform is built specifically for users in the Middle East, allowing crypto trading using local fiat currencies. Gate has also confirmed that more region-focused services will be added in the future, backed by its strong liquidity and technical systems.
Gate’s entry into Dubai follows strong growth in 2025. The exchange’s global user base grew to nearly 50 million, while spot trading volumes hit record highs. Monthly trading volume peaked at over $160 billion, helping Gate strengthen its position among the world’s leading crypto exchanges.
Dubai continues to emerge as a key hub for regulated crypto activity. The city offers clear rules while supporting innovation, making it attractive for global firms. Several major players, including Ripple and Crypto.com, have already received approvals there, highlighting Dubai’s growing influence in the crypto industry.
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