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Gate Group Launches Gate Dubai with VASP License for Crypto Services
Gate Group Launches Gate Dubai
- Gate Group has launched Gate Dubai as part of its global expansion.
- The platform has a Virtual Asset Service Provider (VASP) license under Dubai's Virtual Assets Regulatory Authority.
- Provides legal crypto exchange services in Dubai, offering spot trading for major cryptocurrencies.
- Enables direct exchange between local fiat currency and virtual assets.
- Plans to build a local team and customer support operation aligned with VARA standards.
- Considering additional service options tailored to the regional market.
Global Expansion Strategy
- Founded in 2013, Gate Group operates with over 47 million users worldwide.
- Ranks among the top three crypto exchanges globally by market share.
- Introduced Gate Layer, a Layer 2 network, in September 2025.
- Secured licenses in Malta, Bahamas, Japan, Australia, and now Dubai.
- Focuses on entering markets with clear regulations.
UAE's Regulatory Landscape
- Dubai is a key hub for crypto firms due to financial openness and clear asset rules.
- VARA released rulebook Version 2.0 addressing anti-money laundering and reporting obligations.
- The UAE signed the Multilateral Competent Authority Agreement for automatic crypto tax data sharing.
- Abu Dhabi's ADGM revised digital asset rules to simplify licensing.
- Dubai attracts major regulated exchanges and service providers.