Gate Group announces Gate Dubai launch; VARA licensing accelerates global hub-level expansion.

PANews reported on January 6th that Gate Group announced the official launch of its subsidiary, Gate Technology FZE ("Gate Dubai"). Gate Dubai holds a Virtual Asset Service Provider (VASP) license regulated and supervised by the Virtual Asset Regulatory Authority (VARA) of Dubai, authorizing it to provide cryptocurrency spot exchange services to institutional investors, accredited investors, and retail users. This launch is considered a significant step forward in Gate Group's global compliance strategy, further solidifying its compliance footprint in the Middle East and North Africa (MENA) region and strengthening its ability to connect regional and global markets.

According to reports, Gate Dubai will provide spot exchange services covering mainstream crypto assets and support spot matching of local currencies and crypto assets to enhance asset allocation and trading convenience. The platform has also launched a dedicated local site and is working to build a local team and customer support system, planning to participate in the development of the local digital asset ecosystem through industry collaborations and educational activities. According to official information from Gate Group, its entities have obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions such as Malta, the Bahamas, Japan, Australia, and Dubai, continuously advancing a compliance-centric global operating path.