Internet reports that Crypto.com today received a limited license from the Dubai Virtual Assets Authority (VARA), allowing it to provide derivatives trading services in United Arab Emirates. This license will enable Crypto.com to launch derivative products such as futures contracts, perpetual swaps and contracts for difference (CFDs) in regional markets. The company plans to first open these products to qualified institutions around the world, and will later provide services to qualified investors. The license also provides Crypto.com retail users with a US dollar fiat channel, allowing users to make US dollar deposits and withdrawals through Standard Chartered Bank.