- HashKey MENA is now fully licensed to offer regulated crypto trading in Dubai.
- Institutional services include OTC trading, fiat ramps, and secure custody.
- The exchange will officially go live on May 19, expanding the UAE’s crypto landscape.
HashKey Group has officially launched HashKey Global MENA upon being granted a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai. This is a significant milestone in HashKey’s growth strategy in the Middle East, and it makes the company a prominent player in the UAE’s burgeoning digital asset space.
The newly licensed entity, HashKey MENA FZE, is authorized to provide Virtual Asset Exchange Services and Broker-Dealer Services within and from the Emirate of Dubai. With this regulatory green light, HashKey now offers secure and compliant crypto solutions in one of the world’s most progressive digital finance hubs.
Regulated Crypto Services for Institutional Clients
As part of its core offerings, HashKey Global MENA provides several institution-grade services, including:
- Fiat On/Off Ramp with USD and AED: Users can seamlessly deposit and withdraw fiat through partnerships with Standard Chartered, enhancing access and liquidity.
- OTC Trading: High-volume trading for top assets like BTC, ETH, USDT, and USDC, with zero slippage and transparent pricing.
- Secure Custody: All digital assets are stored on VARA-regulated platforms, ensuring maximum security and compliance.
These features target institutional investors and high-net-worth individuals (HNWIs) who demand secure and efficient access to crypto markets.
UAE: A Strategic Blockchain Hub
With the UAE emerging as the third-largest crypto economy in the MENA region, HashKey’s entry is timely. As noted by Sherif Sanad, Country Manager of HashKey Global MENA, the company is committed to “empowering institutions in the GCC with a regulated, trusted crypto gateway.”
Backed by a strong compliance-first ethos, HashKey’s expansion also reflects broader ambitions: the firm is actively pursuing MiCA licensing in the EU and already holds regulatory approval in Hong Kong, Singapore, Japan, and Bermuda.
The HashKey Global MENA exchange goes live on May 19, offering a compliant and innovative platform for crypto traders across the region.
Highlighted Crypto News Today:
Crypto Market Rallies Ahead of $774M Token Unlock Events
share
