Dubai, United Arab Emirates – MultiBank Group, the world’s largest financial traditional derivatives institution headquartered in Dubai, today announced that its subsidiary MEX Digital FZE has secured a license under Dubai’s Virtual Assets Regulatory Authority (VARA). announced that it will start operations in the UAE. MultiBank.io brand.
The VASP license recognizes MultiBank.io as both a broker-dealer and an exchange, licenses it to provide VA exchange and VA broker-dealer services (excluding VA derivatives at this stage), and makes it a leading virtual asset service provider. (VASP) status. In the area.
This achievement marks another important milestone for MultiBank Group, a global giant in traditional finance with over 1 million traders in 90 countries and strong net assets of over USD 583 million. becomes. Multibank Group is one of the most regulated financial institutions in the world, with an average daily trading volume of more than USD 15.6 billion per day and more than 15 regulatory authorities on five continents, since its establishment in 2005. , has a proven track record and currently holds 15 regulatory licenses worldwide.
Nasser Taher, Chairman of MultiBank Group, said: “MultiBank Group’s vision is to build an ecosystem that fosters the integration of financial derivatives and crypto markets. We are pleased to have obtained the dual license. This milestone reinforces our commitment to building a secure and transparent environment for the global cryptocurrency community, and from Forex to the forefront of the crypto economy. marks an important chapter in our evolution to .
Having obtained a VASP license for exchange and broker-dealer activities from VARA, MultiBank.io plans to accelerate its growth as a leading digital asset exchange and make a significant contribution to Dubai’s burgeoning blockchain ecosystem. The company’s expansion strategy includes strengthening its team, improving its offering, and building strategic partnerships, all aimed at accelerating the development of the region’s crypto industry.
About Multibank.io
MultiBank.io is a regulated cryptocurrency exchange under MultiBank Group, offering a user-friendly platform for instant and secure trading including Bitcoin, Ethereum, and more. For more information, please visit https://multibank.io.