- HashKey focuses on institutional-grade security to protect user funds in MENA.
- New Dubai base targets both retail and institutional crypto investors in the UAE.
- MENA region’s crypto growth drives HashKey’s strategic expansion in Dubai.
The digital asset financial services giant HashKey Group has opened a new office in Dubai with the launch of HashKey Global MENA.HashKey Group, on May 12, 2025, confirmed obtaining a VASP license from Dubai’s VARA. The achievement is crucial in the company’s plan to increase crypto trading opportunities across the MENA region.
With approval from VARA, HashKey MENA FZE can now supply virtual asset exchange and broker-dealer services in Dubai. The license allows HashKey to offer its services to both retail and institutional clients, as well as to support the UAE Dirham (AED).
HashKey Global MENA is focused on enabling simple swaps between traditional and cryptocurrencies. On the platform, clients may trade AED and USD against major cryptocurrencies such as USDT, BTC, ETH, and SOL. A major benefit is the absence of hidden fees, making pricing completely clear to users.
By working with Standard Chartered on fiat transactions, the company is able to increase users’ trust in the platform. Protecting client assets is a main emphasis for HashKey Global MENA, and this is accomplished with institutional-grade security.
This regulatory milestone enables us to improve access and provide smooth local currency integration to UAE clients, says Ben El-Baz, Managing Director of HashKey Global. He said that the license is crucial for the company to grow its portfolio of regulated products.
OTC Services Tailored for MENA Market
Block trading on the OTC platform is made possible at cost levels that are highly competitive. Clear pricing and prompt execution of large orders are features of the platform, which together serve to reduce slippage risk. Various settlement options exist to accommodate diverse liquidity conditions.
Users have the opportunity to trade Bitcoin and Ethereum, and also buy and sell stablecoins, including USDT and USDC. With the platform’s USD and AED on– and off-ramp services, consumers throughout the area may access digital assets more easily.
Because compliance is HashKey’s main focus, its model lines up with VARA’s rules, a framework that many see as clarifying crypto policy in the UAE. The Chainalysis MENA crypto adoption trends report points out that the 2023 framework has attracted many crypto firms to the region.
HashKey’s Move into an Expanding Crypto Environment
The UAE’s reputation as a hub for cryptocurrency innovation is largely owed to Dubai. According to Chainalysis, the MENA region accepted $389.8 billion in digital asset value from July 2022 to June 2023, putting it sixth globally in crypto traffic.
Entering Dubai allows HashKey to improve its position in the MENA market. Being a leader in Asia’s digital asset sector allows the company to serve the MENA region’s rising demand for compliant crypto solutions.
Earning this VASP license proves that HashKey complies with regulations and strengthens its reputation in the UAE’s cryptocurrency space. The company aspires to merge conventional finance with digital assets while increasing safety and efficiency during trading.
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