One year following its issuance of an operating license by the Virtual Assets Regulatory Authority (VARA), OKX recently opened the doors to its new UAE office.
The extended office represents the long-term recognition of the UAE by OKX and the increasing demand for reliable, trusted, and compliant provision of digital assets services in the region of the Middle East and North Africa.
CEO of OKX MENA, Rifad Mahasneh, said that “The UAE has established itself as a global leader in digital finance through clear regulation, strong infrastructure, and a commitment to innovation. This past year has shown us how much appetite there is for responsible participation in this space.”
Since it was licensed in October 2024, OKX UAE has been able to grow its client base, develop its product offering, and deepen its roots with both retail and institutional customers.
The UAE has emerged as the most significant digital finance center globally, with liberal regulation, robust investment in technological advancements, and a rapidly expanding population of traders, builders, and institutions.
The new office will be the customer support, education, and market development center of OKX in the region, and it will be supported by more than 100 employees.
Mahasneh stated that “Opening our new office reflects our determination to serve customers in the UAE and the wider region with the transparency, security, and care they expect. We are building a long-term presence that puts customers first and supports the continued growth of the ecosystem.”
The previous year has recorded some milestones at OKX UAE, with the introduction of regulated retail derivatives in the local market.
The release has given the traders an opportunity to have access to advanced trading facilities developed in a secure and regulatory setting.
Another notable growth of OKX has been in its institutional business, where it collaborated with Standard Chartered Bank on a collateral mirroring system.
However, it has increased educational programs, provided community events, and invested in local talent to have access to effective guidance and support.
The new office will enhance the interactions of OKX with the customers and partners throughout the region. It will organize educational workshops, industry round tables, and training to work on financial literacy and empower users to navigate digital assets with confidence.
In the future, the expansion of institutional offerings and the increase of strategic partnerships, and additional capabilities growth in the region are planned by OKX UAE.
These priorities will be promoted in the new office, as it will be used as a platform to develop products, customer service, and regional collaboration.
