Crypto.com Secures Dubai Presence with MVP Preparatory License

It came after the exchange obtained provisional approval from the regulator in Dubai last year. In the preparatory stage, the MVP license allows the exchange to fulfill the conditions to operate within the VARA Regime.

Under the new Dubai license, Crypto.com will be allowed to offer spot and derivatives instruments of virtual assets. The offerings can include exchange services, brokerage, margin or leverage
Leverage

In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders

In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on…