Breaking: FTX Becomes Only Crypto Exchange To Gain "MVP License" In Dubai

Crypto exchange FTX on Friday said it received the “Minimum Viable Product” license from Dubai’s Virtual Assets Regulatory Authority, becoming the first crypto exchange to receive the approval. The FTX Exchange FZE, a subsidiary of FTX’s division in Europe and the Middle East will offer regulated crypto derivatives products and trading services to institutional investors. Along with that, crypto exchanges will operate an NFT marketplace and provide custodial services.