Gate Group's Dubai subsidiary obtains virtual asset operating license to expand in the Middle East market

Gate Group announced that its Dubai subsidiary has obtained a full operating license issued by the local Virtual Assets Regulatory Authority ( VARA ), allowing it to provide cryptocurrency trading services to institutions, qualified and retail investors. This marks an important step forward in the group's global compliance strategy.

The founder and CEO of the group stated: "Dubai is one of the most forward-looking regions in the global cryptocurrency industry. Obtaining the VARA license is a key initiative for our expansion into the Middle East and global markets, and it reflects our long-term commitment to security, transparency, and user protection. We look forward to growing together with the Dubai ecosystem and promoting the development of the local digital economy."

Gate Dubai is forming a local team to prepare for the platform launch. The platform will support two-way exchange transactions between users of cryptocurrency assets and fiat currency, including various trading methods such as crypto-to-crypto and fiat-to-crypto.

Dubai, as a city where technological innovation and financial freedom are highly integrated, is rapidly becoming an important hub for the cryptocurrency industry. Gate Group's decision to establish a presence here reflects its recognition of the region's regulatory transparency, innovative vitality, and development potential.

Gate Group has made significant investments in global compliance efforts, achieving compliance coverage in various regions including the Americas, Middle East, Europe, and Asia. It has obtained or completed relevant regulatory registrations, license applications, or approvals in places such as Lithuania, Argentina, Malta, Italy, the Bahamas, Gibraltar, and Hong Kong, China. Last year, the group also acquired a licensed exchange in Japan, further expanding its global compliance network.