Coinbase, a leading global crypto platform, has taken an increased ownership stake in CoinDCX. This funding will empower CoinDCX to enhance its product suite, introduce new onchain use cases for India and the UAE, and expand into new markets Education, innovation, and compliance to remain key themes for the company Dubai, UAE – BitOasis, the leading […]
Dubai, UAE: XBase Virtual Assets Broker & Dealer Services (XBase), a subsidiary of XBD Group, today announced that it has received In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for a Broker-Dealer Services Licence. This approval marks the final stage before XBase begins operations, pending full authorisation — a pivotal milestone in the […]
Foris DAX Middle East FZ-LLC (trading as Crypto.com) has received In-Principle Approval (IPA) from the Central Bank of the United Arab Emirates (CBUAE) for a Stored Value Facilities (SVF) license. This makes it the first Virtual Asset Service Provider (VASP) in the UAE to achieve this recognition. Once the final license is granted, the company […]
According to DeFiLlama, Binance recorded $14.8 billion in net fund inflows in Q3 2025, overshadowing the combined $94 million net inflows of the next ten largest centralized exchanges. Binance’s inflows were approximately 158 times greater than the combined net flows of its closest competitors, many of which experienced net outflows during this period. Key drivers […]
DUBAI, UAE – Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced that it has officially secured the Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). Bybit becomes the first crypto exchange to obtain this full license from the SCA, marking a historic milestone in the […]
Strategic partnership between DMCC and VARA to develop infrastructure and framework for tokenised commodities, reinforcing Dubai’s position as a global digital asset hub. Collaboration to include pilot projects for the tokenisation of gold, diamonds and other commodities, alongside joint education initiatives to boost market awareness and investor protection Partnership will see cooperation on aggregated data […]
LONDON: The boom in US dollar-backed stablecoins, helped by Donald Trump’s crypto policies, could suck $1 trillion worth of deposits out of emerging economy banks in the next few years, a report from Standard Chartered estimates. About 99% of all stablecoins are pegged to the dollar, which economists say effectively makes them dollar-based bank accounts […]
Malaysia grants Fasset a provisional license to operate as a Shariah-compliant digital bank. Fasset to offer asset-backed savings, zero-interest accounts, and global payments on-chain. The $5T Islamic finance market could see broader crypto integration through this model. Fasset, a digital asset investment platform, has been given a provisional banking license in Malaysia, clearing the way […]
Binance and Franklin Templeton are collaborating to create innovative digital asset products that bridge traditional finance and blockchain. The partnership leverages Franklin Templeton’s expertise in compliant tokenization and Binance’s global trading infrastructure to enhance efficiency, transparency, and accessibility in capital markets. Strategic collaborations like this accelerate blockchain adoption, unlock new investment opportunities, and bring scalable, […]
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced a strategic collaboration with QNB Group and DMZ Finance. Together, the partners are introducing QCDT—the world’s first DFSA-approved (Dubai Financial Services Authority) tokenised money market fund (MMF)—into Bybit’s platform as a collateral asset, marking a breakthrough in bridging traditional finance and digital assets. Bybit […]