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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move that strengthens Dubai's position as a global hub for the digital economy, HashKey Middle East has officially launched Bitcoin (BTC) and Ethereum (ETH) perpetual contracts for traders in the UAE. This launch follows the firm's successful acquisition of regulatory approval from Dubai's Virtual Assets Regulatory Authority (VARA). According to reports, these products aim to provide a secure and regulated trading environment for crypto derivatives under direct oversight.
This expansion comes amid intensifying competition among global exchanges, as platforms like OKX and Binance seek to grow their Gulf market share following similar licensing milestones from VARA. Per market data, the availability of regulated derivative contracts is a critical pillar for attracting institutional liquidity, especially as demand for hedging tools rises alongside volatility in global digital asset prices.
Looking ahead, traders are monitoring the impact of this launch on local trading volumes, noting that specific price data for the instrument was unavailable at the close of July 21, 2026. From a macro perspective, markets are awaiting the Eurozone Industrial Production data scheduled for July 15, which could influence broader risk appetite across financial markets, including the virtual assets sector.