Laser Digital Don Win Dubai VARA License for OTC Crypto Options
Nomura digital asset division, Laser Digital, don secure license from Dubai Virtual Asset Regulatory Authority (VARA) to launch di emirate first properly regulated OTC crypto options desk. Di VARA license dey allow institutional clients to trade structured crypto derivatives with beta tools for hedging, yield making, and volatility control for fully regulated platform. Head of Product Johannes Woolard talk say VARA license na show say Dubai get strict but innovation-friendly regulatory environment. CEO Jez Mohideen add say this milestone set international standard for responsible digital asset finance. Dubai crypto framework wey dem start for early 2023 now support special OTC crypto derivatives licensing alongside markets like UK. Di UAE derivatives market wey worth $167m for 2024 and dey grow 3.7% yearly go benefit as more financial institutions dey find VARA approval. Crypto traders make dem dey watch new institutional activities plus new OTC crypto options wey dey launch as Dubai solidify im place as global crypto hub.
Bullish
By granting di first regulated OTC crypto options license, VARA don reduce barrier for institutional investors to enter and e don strengthen Dubai market infrastructure. For short term, expanded access to hedging, yield and volatility tools go boost OTC crypto options trading volumes. For long term, regulatory clarity and more crypto derivatives go attract steady institutional inflows, supporting bullish momentum for the wider crypto market.