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Cryptocurrency Exchanges Make their Mark on the Mideast

Published by
The Street

By Rob Lenihan FTX and Binance both receive crypto licenses in Dubai and Binance also gets one for Bahrain. Two cryptocurrency exchanges are making their presence felt in the Mideast. FTX said it received a virtual-asset license in Dubai in the United Arab Emirates. Complex Crypto-Derivatives ProductsFTX Europe, a recently-established division operating in Europe and the Middle East, is among the anchors in the Dubai World Trade Centre, an economic free zone. The firm will offer “complex crypto-derivatives products with centralized counterparty clearing to institutional markets,” CEO Sam Bankm…

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