Proextrade24.com, a cryptocurrency exchange from Australia, is expanding its presence in the European market.
Italy’s main regulator, Organismo Agenti e Mediatori (OAM), approved Proextrade24.com, licensing the platform to provide virtual asset provider and digital wallet services to Italian investors. The platform’s co-founder and CEO Justin Hance assures that the Italian regulator’s approval signals a turning point in the cryptocurrency community.
“We are pleased to receive registration in Italy and see it as an important step for the development of our platform. We are committed to sustainable growth in the European region and will continue to work with regulators to provide a wide range of products and services to our valued customers”, said Justin Hance.
Proextrade24.com has become another regulated organization providing access to digital assets in Italy, after Binance and Coinbase.
Earlier, Proextrade24.com received preliminary approval for crypto-assets operations from the Dubai Virtual Assets Regulatory Authority (VARA). Thanks to the VARA approval, the exchange has secured a presence in the United Arab Emirates and plans to launch a cryptocurrency exchange service in the UAE.