Gate Group’s Gate Dubai has officially launched, obtaining a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). With this major milestone, the crypto exchange is now able to provide investors with spot exchange services for major cryptocurrencies like Bitcoin, Ethereum, XRP, Cardano, BNB, and more.
Gate Dubai Launches, Offers Spot Trading
In a press release, Gate Group has announced the launch of Gate Dubai. As Dubai’s VARA has provided the company with a VASP license, Gate Dubai is now offering services to its clients in the Middle East region.
Initially, Gate Dubai will reportedly offer spot trading services for multiple digital assets, leveraging the company’s expertise in liquidity and technical stability. The platform will also allow users to exchange local fiat currencies for virtual assets, addressing the region’s increasing demand for crypto. The exchange is also expected to launch new services to tailor to regional needs and demands.
2025 Marks Steady Growth for Gate
Significantly, the launch of Gate Dubai comes on the heels of the company’s steady growth and notable developments in 2025. In its annual report, Gate announced that the user base has hit nearly 50 million, highlighting the community’s growing confidence in the platform.
The company’s year-over-year performance was reportedly excellent, marking a 1.78% growth in market shares. This places the exchange globally in the second spot. In addition, the platform’s spot trading has also reached record highs, with the highest monthly volume exceeding $160 billion.
Gate Taps into Dubai’s Crypto Hub Ambitions
Interestingly, Gate is utilizing the favourable conditions of Dubai, which is continuously taking efforts to establish itself as a global crypto hub. Commenting on the progressive stance of the broader UAE, Binance CEO Richard Teng noted,
The city’s regulatory stance is particularly pleasing for the crypto industry. At the same time, Dubai’s strict crypto regulation also intends to tackle growing threats while fostering innovation. Major crypto giants like Ripple and Crypto.com have already obtained approval from VARA to offer digital asset services in the region.
Notably, Gate Dubai is building a strong presence in the region with a customized local platform, expert team, and customer support system. Addressing the growing user demand and tapping into the opportunities of the region, the exchange is positioning itself as a major crypto player in Dubai.
Source: https://coingape.com/gate-dubai-now-live-secures-vasp-license-from-vara/
