CEEX, crypto exchange, has applied for a Virtual Asset Service Provider (VASP) license at Virtual Assets Regulatory Authority (VARA), as part of their global expansion strategy. The application aims to secure regulatory approval to operate virtual asset trading, custody, and settlement services in Dubai UAE.

CEEX has 300,000 active daily brokers and has already secured regulatory licenses in Canada and U.S. with MSB license. As for VARA Dubai, once the license is approved CEEX will be among first Asian exchange to operate compliantly in the Middle East.

CEEX plans to introduce Sharia-compliant trading products that adhere to Islamic financial rules. The platform will also collaborate with local Dubai institutions to launch an Arabic-language user interface and establish its Middle East headquarters for localized operations.

Finally, CEEX plans to establish a compliance office in the Dubai International Financial Centre and initially recruit over 50 local compliance and technical professionals.

CEEX once licensed will become the 37th licensed VASP at VARA. VARA Dubai has also launched a DEX pilot in June 2025.