💥Dubai Authorizes for the First Time Derivatives of #bitcoin and Ethereum🚀🚀🚀

Dubai is positioning itself even stronger on the global cryptocurrency map. The Virtual Assets Regulatory Authority (VARA) has just granted the first license for trading crypto derivatives.

What do you need to know?

* Who received the license? Laser Digital, a subsidiary of the Japanese banking giant Nomura. This demonstrates the increasing involvement of traditional banking in the crypto space.

* What will they be able to do? Offer over-the-counter (OTC) cryptocurrency derivatives such as Bitcoin ($BTC ) and Ethereum ($ETH ). This means more options for institutional and experienced investors to manage risks and seek returns.

* Why is it important? Clear regulation of cryptocurrency derivatives in a leading economy like Dubai generates greater confidence and attracts more institutional capital. It's a signal that cryptocurrencies are not just a trend, but a financial pillar of the future.

* Dubai's goal: Since the creation of VARA in 2022, the city has actively sought to become a financial innovation hub, attracting the largest companies in the sector, such as Binance ($BNB ) and OKX.

What are derivatives and why are they crucial?

Derivatives are financial contracts that allow investors to speculate on the price of assets without having to buy them directly. The most common are:

* Futures: An agreement to buy or sell an asset at a predetermined price on a future date.

* Options: Give the right (but not the obligation) to buy or sell an asset at a specific price before a certain date.

This new license opens the door for major players to use these instruments for advanced strategies, such as risk hedging and volatility management, a crucial step for market maturity.