Binance has obtained a license to operate in Dubai, according to a company statement carried on Wednesday.
This comes days following the company obtained a license to operate in Bahrain.
The virtual asset license allows the world’s largest cryptocurrency exchange to operate its regional business from Dubai.
Cryptocurrency exchange FTX has also obtained a license to trade virtual assets in Dubai, according to a statement by the platform on Tuesday.
(Prepared by: Shaima Hefzy, journalist specializing in economic affairs, and editor of the Egyptian Masrawy website)
(Editing: Yasmine Saleh, contact yasmine.saleh@lseg.com)
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