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  • Crypto.com’s Dubai Entity Cleared for Full Operations in Institutional Trading

    Crypto.com’s Dubai Entity Cleared for Full Operations in Institutional Trading

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    Crypto.com has received full operational approval from
    the Virtual Assets Regulatory Authority (VARA) for its Dubai entity, CRO
    DAX Middle East FZE. This approval paves the way for the launch of the
    Crypto.com Exchange, a platform targeting institutional investors in the region.

    The VARA’s approval signifies Crypto.com’s
    compliance with the pre-operational conditions outlined in the Virtual Asset
    Service Provider license granted to CRO DAX Middle East FZE in November
    2023. The license allows the crypto exchange to operate in the region with fiat
    capabilities.

    Stuart Isted, the General Manager for Middle East and
    Africa at Crypto.com, mentioned: “We are incredibly supportive of the
    steps Dubai is taking to progress the crypto industry, both in-market and
    abroad. But this is still just the beginning, and we
    look forward to continuing to work closely with VARA in our collective efforts
    to effectively and responsibly advance the sector.”

    Crypto.com Exchange is
    designed for institutions and qualified retail investors. It
    offers a range of services, including spot trading, staking brokerage, and
    over-the-counter offerings in settlements for selected markets.

    According to the press release, the crypto firm plans
    to expand its offerings in the region in the coming months. The expansion
    includes a rollout of the Crypto.com app and other products for retail investors. Last year, Crypto.com secured a Minimal Viable Product
    (MVP) Preparatory license from the VARA. This license followed a provisional
    approval previously obtained by the crypto exchange.

    Dubai’s Crypto Regulatory Landscape

    Established under the Dubai Virtual Asset Regulation
    Law, VARA has been instrumental in positioning Dubai as a burgeoning global
    crypto hub. The authority aims to foster a robust ecosystem for virtual assets,
    attracting key players into the region.

    With the issuance of the MVP Preparatory license,
    Crypto.com joins the ranks of prominent crypto exchanges with the capability to
    offer a spectrum of crypto products and services, including spot and
    derivatives instruments for virtual assets. Besides that, Crypto.com has obtained licenses in
    major markets, including the United Kingdom, France, Italy, and Brazil.

    Meanwhile, Crypto.com recently unveiled plans to launch a specialized trading platform exclusively for Korean users. Scheduled for release on April 29, 2024, the platform aims to cater to the unique preferences and needs of Korean investors. The firm emphasized Korea’s cultural influence and the adoption of new technologies as key factors driving this initiative.

    Crypto.com has received full operational approval from
    the Virtual Assets Regulatory Authority (VARA) for its Dubai entity, CRO
    DAX Middle East FZE. This approval paves the way for the launch of the
    Crypto.com Exchange, a platform targeting institutional investors in the region.

    The VARA’s approval signifies Crypto.com’s
    compliance with the pre-operational conditions outlined in the Virtual Asset
    Service Provider license granted to CRO DAX Middle East FZE in November
    2023. The license allows the crypto exchange to operate in the region with fiat
    capabilities.

    Stuart Isted, the General Manager for Middle East and
    Africa at Crypto.com, mentioned: “We are incredibly supportive of the
    steps Dubai is taking to progress the crypto industry, both in-market and
    abroad. But this is still just the beginning, and we
    look forward to continuing to work closely with VARA in our collective efforts
    to effectively and responsibly advance the sector.”

    Crypto.com Exchange is
    designed for institutions and qualified retail investors. It
    offers a range of services, including spot trading, staking brokerage, and
    over-the-counter offerings in settlements for selected markets.

    According to the press release, the crypto firm plans
    to expand its offerings in the region in the coming months. The expansion
    includes a rollout of the Crypto.com app and other products for retail investors. Last year, Crypto.com secured a Minimal Viable Product
    (MVP) Preparatory license from the VARA. This license followed a provisional
    approval previously obtained by the crypto exchange.

    Dubai’s Crypto Regulatory Landscape

    Established under the Dubai Virtual Asset Regulation
    Law, VARA has been instrumental in positioning Dubai as a burgeoning global
    crypto hub. The authority aims to foster a robust ecosystem for virtual assets,
    attracting key players into the region.

    With the issuance of the MVP Preparatory license,
    Crypto.com joins the ranks of prominent crypto exchanges with the capability to
    offer a spectrum of crypto products and services, including spot and
    derivatives instruments for virtual assets. Besides that, Crypto.com has obtained licenses in
    major markets, including the United Kingdom, France, Italy, and Brazil.

    Meanwhile, Crypto.com recently unveiled plans to launch a specialized trading platform exclusively for Korean users. Scheduled for release on April 29, 2024, the platform aims to cater to the unique preferences and needs of Korean investors. The firm emphasized Korea’s cultural influence and the adoption of new technologies as key factors driving this initiative.



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  • As Interest in Decentralized Finance Peaks, This Project May Have the Full DeFi 2.0 Package

    As Interest in Decentralized Finance Peaks, This Project May Have the Full DeFi 2.0 Package

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    With native cross-chain trading and very attractive Bitcoin APYs, Thorwallet offers a user-friendly UI with all the trimmings this Christmas

    As we near the end of a spectacularly explosive year for the growth of DeFi and blockchain technology in general, both interest and investment in the industry are at an all-time high. Institutions continue to explore the likes of Bitcoin and Ethereum as major investment assets, but decentralized finance solutions have also becoming major forces to be reckoned with; offering financial inclusion to millions of unbanked people around the world, DeFi products are enabling people everywhere to unlock new and independent sources of income as the global economy continues to struggle with the fallout from COVID-19.

    Taking a look into blockchain infrastructure, several popular blockchains have grown both in terms of capabilities and ecosystem size in recent months; THORchain is one such example and, having steadily expanded its reach within the industry, the Cosmos-based blockchain protocol is today the home for an array of exciting projects offering a multitude of crypto and DeFi services.

    THORWallet Pushes the Envelope for DeFi 2.0 Products

    Amongst many innovative solutions being built on THORchain is THORWallet, a non-custodial wallet that looks to pander to both DeFi power users and mainstream consumers with 2 separate mobile applications available to the public. Both THORWallet products offer feature-rich user experiences and exposure to DeFi, with multi-chain savings accounts, liquidity provision capabilities and synthetic asset trading just some of the many things on offer; the retail targeted app strips away some of the more complex attributes of the THORWallet application but continues to extend access to a large majority of the benefits on offer.

    THORWallet has been built to complement THORchain’s cross-chain functionality and users of the THORWallet app are able to swap Layer 1 tokens such as Bitcoin and Ethereum in a completely decentralized manner with no middlemen. This improves massively on swapping options available on many other popular blockchain platforms which offer only wrapped assets, keeping custody of the native assets. By doing this, THORWallet is also able to offer users a way to earn yield on their Bitcoin whilst keeping complete custody of their assets at all times.

    Previous Funding and the Upcoming MISO IDO

    The THORWallet team successfully raised over $3.4 million during private rounds led by THORchain, Fomocraft, Nine Realms, 0x Ventures and several other leading funds in the blockchain investment space. THORWallet’s native TGT multi-utility token serves a variety of purposes within the THORWallet ecosystem such as node operation and as a tool for gamification and community incentives such as airdrops, as well as unlocking premium features for holders.

    Having already concluded the first phase of their public token sale on THORStarter, which sold out in just over one minute, phase 2 of the public token sale will take place on Sushi MISO on December 20th 2021. Token holders are currently able to stake their TGT, with rates for single-sided staking sitting at 800% and 1200% for eth-tgt pooling respectively.

    “We are thankful to have received considerable interest and support from both reputable funds and the public and we are excited to open the doors to future THORWallet users with the upcoming MISO IDO. The THORchain ecosystem continues to grow rapidly and we’re proud to be one of the projects driving that growth.” – Marcel Harmann, THORWallet Co-Founder and CEO.

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