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OKX has become the first global platform to offer compliant encryption derivatives trading in the UAE.
PANews reported on July 28 that OKX announced it has become the first global trading platform to launch regulated crypto derivation for retail users in the UAE, with products including futures, Perptual Futures, and Options, all supporting up to 5x leverage. This move not only broadens the strategic space for retail users in a highly fluctuating market but also reflects OKX's ongoing commitment to Compliance, security, and user education. It is reported that the launch of this product relies on the "Innovation Pilot Framework" of the Dubai Virtual Assets Regulatory Authority (VARA), which aims to provide a controlled testing environment for innovative financial products while encouraging innovation and strengthening regulatory safeguards.