The encryption exchange Crypto.com issued a document stating that it has received the MVP preparatory license issued by the Dubai Virtual Assets Regulatory Authority (VARA), and plans to provide a full set of regulatory-compliant institutional services in the market. Crypto.com will be able to expand its approved suite of appropriately regulated virtual asset activities to include a range of cryptocurrency exchange services (spot and derivatives), brokerage, margin/leveraged trading, and OTC products settled around institutional investors .