OKX, a renowned crypto exchange, has introduced unique crypto derivatives to benefit the retail consumers in the United Arab Emirates. These regulated derivatives focus on providing the consumers with refined financial products to easily earn money within the jurisdiction. As the crypto exchange mentioned in its latest announcement, the purpose of these derivatives is to offer crypto accessibility across the globe within a regulated setting.
Providing Retail UAE Investors with Regulated Crypto Access Via Derivatives
By launching these crypto derivatives, OKX aims to offer regulated access to the rapidly growing crypto ecosystem. The respective derivatives are reportedly regulated under the pilot regime of the Virtual Assets Regulatory Authority (VARA). The exclusive offering delivers crypto perpetual contracts, futures, as well as options while enabling a staggering 5x leverage.
This also permits the retail users in the jurisdiction to enter the markets that are normally restricted to just institutional investors. In addition to this, the rollout makes the crypto exchange the earliest international platform that has a license to provide such products to the traders in the retail market. At the same time, this development is included in the initiative of VARA to offer regulated crypto innovation.
OKX Establishes Benchmark for Other Entities
While discussing this remarkable move, OKX MENA’s CEO, Rifad Mahasneh, reinforced the growing investor demand leading to this development. The executive added that these derivatives deliver a basis for the rest of exchanges to broaden under clear regulatory frameworks. Adding to this, OKX has also offered support for Arabic language apart from a suite of diverse educational resources dealing with risk management, leverage, and trading fundamentals.
Overall, this development further fortifies OKX’s footprint in the UAE while also setting a precedent for the rest of markets looking to balance user protection with innovation.
