Dubai is one of the countries where most of the cryptocurrency exchanges are trying to get the license to operate. It's because the country is doing good in cryptocurrency and blockchain which is great and even they are providing the favourable environment to the cryptocurrency companies. This is good and other countries should learn and follow the same as we need more such countries that can empower the cryptocurrency ecosystem.
Crypto.com is another exchange that has applied for the license there and they're about to get it soon. It's a Singapore based exchange and this exchange is very good in promotion and marketing. Even the exchange has been trying to build a bigger platform and we can also call it a leading crypto exchange that is also kind of global and they're providing a bunch of services to the users.
Singapore-based crypto platform Crypto.com has received its minimal viable product (MVP) preparatory license from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced on Monday.
Obtaining license involves three stages, including getting a provisional permit, a preparatory license and an operating license. Crypto.com is in the second stage of the process.
The cryptocurrency market seem to be in good mood as the prices we can see in green color and with the same momentum we can expect the bitcoin price to be in 30k US dollar range. Along with Bitcoin, altcoins are also doing good and coins like ethereum and BNB are also showing uptrend. May be we can call it a mini Bullrun but it's the bigger one based on the volume in market.
I hope many more exchanges come forward and build a sustainable infrastructure were you just are able to access variety of services at reasonable cost and that to with least down time and more transparency. The problem with most of Indian exchanges is that they are not transparent and this is reason why majority of users are using international exchanges as things are better there. I am not saying that all the exchanges that are operating internationally are great but surely they are much better and this is the reason why most of the users feel more comfortable using them. Self custody is always encouraged but still we need exchange to perform certain things.
I have been using this exchange for quite sometime and I believe that this will grow over time. My experience so far has been good and there has been no issues with me so I consider it a good exchange for me. It has sps listed which is another reason why I use it.
Thank you