OKX executive hints at expanding Dubai team after acquiring MVP license
On June 15, the Seychelles-based crypto exchange OKX entered the Middle East after the Dubai Virtual Assets Regulatory Authority (VARA) granted its Minimal Viable Product (MVP) preparatory license . The exchange has also expand ed services to Hong Kong, allowing users to access cryptocurrencies and third-party payment providers such as Apple Pay, Visa, and Mastercard. OKX is preparing to expand the local team in Dubai to 30 people; OKX states that Dubai's advantage lies in creating a separate license for crypto assets in addition to traditional assets such as stocks, futures and bonds, rather than treating cryptocurrencies as commodities or… — Wu Blockchain (@WuBlockchain) June 26, 2023 Moreover, a recent report shows that the Seychelles-based crypto firm is trying to expand its Dubai team to 30 members — currently 15 — amid a current market uptrend. OKX chief commercial officer (CCO) Lennix Lai says the crypto exchange could be fully operational “within this year,” tha...