Gate Technology FZE Receives License from Dubai’s Virtual Assets Regulatory Authority
The United Arab Emirates division of the cryptocurrency exchange Gate has secured a license from Dubai’s Virtual Assets Regulatory Authority, allowing it to offer exchange services to institutional and retail investors.
Gate’s Commitment to Operating Within Legal Frameworks
Gate Technology FZE, the United Arab Emirates (UAE) division of the cryptocurrency exchange Gate Group, has been granted a virtual asset service provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). The license gives Gate Technology FZE the authority to offer exchange services to institutional, qualified, and retail investors.
According to a statement, the milestone is yet another step forward for the Cayman Islands-headquartered cryptocurrency exchange. Gate founder and CEO Han Lin said securing the full operational license aligns with the goal of prioritizing regulatory approval first.
“Obtaining VARA’s full operational licence is a critical step in Gate Group’s expansion across the Middle East and the world, and it underscores our long-term commitment to security, transparency, and user protection. We look forward to growing alongside Dubai’s ecosystem and driving further prosperity in the local digital economy,” Lin stated.
In addition to the VARA approval, Gate’s UAE division is also expanding its staff complement to ensure users will be able to initiate crypto-to-crypto and fiat-to-crypto and vice versa trades.
With the approval, Gate joins a growing list of digital asset exchanges to receive a green light to offer exchange services, broker-dealer services, and investment services. OKX, Bitoasis and Crypto.com are among the global digital asset companies to secure approval from VARA.
This move into Dubai aligns with Gate Group’s broader strategy of securing regulatory compliance across various jurisdictions. The exchange has actively pursued and obtained licenses, registrations or approvals in several regions, demonstrating a commitment to operating within legal frameworks globally.
In Europe Gate has secured VASP registrations in Lithuania and Italy, and has a presence in Malta and Gibraltar. In the Americas the exchange has operations in the Bahamas and Argentina while in Asia it has expanded its reach through the acquisition of Japan-licensed exchange Coin Master in the previous year and holds licenses or registrations in Hong Kong.
Meanwhile, an unnamed head of Gate Technology FZE said the approval demonstrates the company’s commitment to creating a compliant platform that “blends global expertise with local characteristics.”