Dubai is taking another big step in the crypto world. The city’s regulator, Virtual Assets Regulatory Authority (VARA), has introduced new rules that explain how companies can offer crypto derivatives safely.
In simple terms, this is about bringing more control and clarity to a risky part of the crypto market.
The new framework, part of Version 2.1 of VARA’s Exchange Services Rulebook, sets clear rules for companies that want to offer these products. It focuses on things like who is allowed to trade, how much leverage they can use, how customer funds are handled, and how risks are explained.
Companies will now have to be more careful about who they allow to trade. They must check if a client actually understands the risks before giving access. They’ll also need to control leverage and margin more strictly, so traders don’t take on too much risk.
Another big change is how customer funds are handled. Firms must keep client assets separate and protected, reducing the chances of losses if something goes wrong on the company’s side.
Transparency is also a key part of the rules. Providers must clearly explain risks and communicate in a way that aligns with existing marketing laws. No more vague or misleading information.
At the same time, VARA is keeping strong control. If markets get unstable or if there’s any misconduct, the regulator can step in quickly. That could mean stopping certain products, forcing trades to close, increasing margin requirements, or tightening risk controls.
According to Ruben Bombardi, the goal is simple: allow innovation, but make sure it’s done responsibly and safely. He stressed that strong rules help build trust and create a market that lasts.
This move comes at a time when demand for crypto derivatives is growing worldwide—but so are concerns about risks.
For example, the Financial Conduct Authority in the UK banned crypto derivatives for everyday investors back in 2020, pointing to high volatility and the risk of heavy losses.
Dubai, however, is taking a different path. Instead of banning, it’s trying to regulate and control the space.
Some steps have already been taken. In 2024, the crypto exchange OKX started offering derivatives in the UAE, but only to big or qualified investors. Then in July 2025, it expanded access through a pilot program that allowed retail users to trade futures, options, and similar products—with limits like up to 5x leverage.
Overall, Dubai is trying to strike a balance: give people access to advanced crypto tools, but under strict rules to reduce risk and protect users.
, has introduced ne...){kind=link}