The Financial Services Regulatory Authority (FSRA) will license the DEX Crypto Exchange to conduct business in the UAE.
The Digital Assets Trading Platform today announced that it has secured the necessary Financial Services Authorization (FSP) from the Financial Services Regulatory Authority (FSRA) in the United Arab Emirates (UAE).
Necessary permission will now allow DEX to legally operate and regulate multilateral trading facilities (MTFs) and custody platforms using virtual assets.
DEX platform will probably start operating its services in Q3 2020
Services are available for retail, accredited investors but also for companies or institutions from around the world.
DEX CEO Leon Smith said:
At DEX, our goal is to provide investors with a digital assets platform that delivers a best-in-class, fully regulated trading experience,
For us, that means ensuring confidence through robust regulation, transparency, and security.
The company is headquartered in Abu Dhabi and is already looking forward to the official launch.
DEX aims to provide its clientele with a regulated trading and custodial ecosystem which we believe is the future of digital asset trading on a global scale.
Smith added.
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