Blockchain.com Receives Regulatory Approval from the Authorities in Dubai
An Introduction to Blockchain.Com
Blockchain.com was earlier titled as Blockchain.info, in 2011. The name was in reference to its function of keeping track of all trades linked to Bitcoin. Now, of course, every user may keep track of this all-important coin, by perusing the website. In 2012, the founders named it Blockchain.com. Whatever be the name of the organization, it aims to bring the power behind a powerful digital financial system.
Today, Blockchain.com is viewed as amongst the oldest BTC infrastructure firms. The firm has its headquarters in London. However, it is also seeking regulatory approval for operating in The Netherlands, Italy, Spain, and France.
August 2022 was an important month for the establishment. The Monetary Authority in the Cayman Islands offered official approval to it. Now, the company is welcome to operate a cryptocurrency exchange on these Islands. It also has permission to offer custodial services. When the company’s value was assessed after a funding round, in March 2022, it touched approximately $14 billion.
Services Provided by Blockchain.Com
Any crypto fan across the globe, may gain control of his/her money, via this financial system. The platform already caters to more than 50 million users. It is because Blockchain.com is ideal for purchasing Bitcoin and other cryptocurrencies, easily and rapidly. All users are welcome to trade in every kind of digital currency, as well as, receive or send them across the Internet. Users may even secure these virtual currencies, or borrow them.
Then again, the Blockchain.com Explorer receives a huge amount of traffic. It makes it possible to discover information about the latest happenings in the global crypto marketplaces. This feature provides customizable graphs, analytics, and candlesticks charts. Thus, investors/traders may keep track of the portfolios belonging to industry leaders. This way, they find it easy to discover the trades, and digital currencies, that should prove the most lucrative at that time.
The trading experience is user-friendly and fast, thanks to the affability of the Blockchain.com cryptocurrency exchange. This online platform makes accurate, rapid, and gainful purchasing and selling of cryptocurrencies possible. The margin trading facilities, and instant matching engines, are responsible.
Users may also avail the company’s own digital wallet. They stand to gain 13.5% interest on their funds.
Diverse data creation systems are associated with the blockchain economy. Therefore, Blockchain.com’s customers may gain information about the live prices linked to varied currency pairs. After all, the cryptocurrency exchange permits trading in 40+ diverse currency pairs. Traders are welcome to limit orders for exchanging currency pairs, place orders, or stop orders.
The exchange also displays detailed charts of the top portfolios operating on the blockchain. It also offers detailed analysis of each portfolio. Thus, investors and traders may make informed decisions.
Users find the trading prices on the Blockchain.com platform to be more affordable, than those advertised by other digital currency exchanges. In other words, the prices are very low, fitting in with the industry standards. This, plus the margin trading facilities, help investors enhance their gains by five times. Above all, users may accumulate wealth in the form of certain fiat currencies, or cryptocurrencies.
VARA and Blockchain.Com
Thanks to VARA, the company has gained another feather in its cap! Dubai is now included in the list of branches controlled by Blockchain.com. The other offices are stretched across Europe, North America, South America, and Singapore. The credit for these moves on the part of VARA, goes to Sheikh Mohammed bin Rashid Al Maktoum. He is the ruler and prime minister of the UAE.
In March 2022, he announced the setting up of the crypto regulator. He also declared that a special law would accompany it. Then, in July 2022, the Sheikh announced the launching of a strategy for the Metaverse. This move would ensure that over 40,000 people would have access to virtual jobs by 2030.
Such measures allowed VARA to grant permission to FTX and OKX subsidiaries, too, in March 2022. They could provide crypto-related services in Dubai.