HashKey Group, a digital asset infrastructure provider, has announced the completion of its crypto exchange license from the Dubai Virtual Asset Regulatory Authority (VARA). HashKey Global MENA is expected to launch on May 19, 2025.
License and Launch of HashKey Global MENA
HashKey Group has obtained a license to launch the HashKey Global MENA crypto exchange in the UAE from the Virtual Asset Regulatory Authority (VARA). The exchange is scheduled to go live on May 19, 2025, marking the start of the company's expansion in the MENA market.
Financial Services for Institutional Clients
To meet the growing needs of institutional clients, HashKey will offer a range of products and services, including USD and AED deposits and withdrawals. Users will be able to transfer USD directly from their bank accounts to HashKey Global MENA wallets. Furthermore, OTC services will be available for instant execution of large orders, minimizing slippage risks.
HashKey's Expansion Plans in Other Regions
Sherif Sanad, Country Manager of HashKey Global MENA, indicated that as a licensed platform, HashKey will provide regulated access for institutional clients to fiat crypto transactions. HashKey is also actively collaborating with global regulators, holding licenses in Hong Kong, Singapore, Japan, and Bermuda.
HashKey Group is continuing its ambitious global expansion plans, aiming to deliver reliable digital asset solutions.
