UAE / Firms / OPNX

OPNX

OPNX (Open Technology Markets Ltd. (OPNX, opnx.com)) holds no VARA licence (register read 21 Oct 2026). Latest VARA notice: 16 Aug 2023.

Status: VARA enforcement or alert · checked 21 Oct 2026
Dubai VARA only (excluding the DIFC). Licences from the SCA, ADGM's FSRA or the DIFC's DFSA are not covered.
VARA public register: No company of this name holds an active VARA licence (register read 21 Oct 2026). VARA register official
VARA notice: 12 Apr 2023: VARA investor and marketplace alert: OPNX, launched on 4 April 2023, “is not regulated by VARA”. VARA notice official
VARA notice: 27 Apr 2023: VARA formal letter of reprimand for carrying out VA exchange services on an unregulated basis and for unpermitted marketing. VARA notice official
VARA notice: 16 Aug 2023: VARA notice of fines: AED 10,000,000 against OPNX for a market offence (issued 2 May 2023, unpaid at publication), and AED 200,000 against each of four individuals, its founders and CEO, for marketing breaches. VARA notice official
Activity: — · major brand (Main licensed activity (exchange > broker-dealer > custody > other))
Public statement: Not applicable.

History

12 Apr 2023VARA investor and marketplace alert: OPNX, launched on 4 April 2023, “is not regulated by VARA”. — vara.ae official
27 Apr 2023VARA formal letter of reprimand for carrying out VA exchange services on an unregulated basis and for unpermitted marketing. — vara.ae official
16 Aug 2023VARA notice of fines: AED 10,000,000 against OPNX for a market offence (issued 2 May 2023, unpaid at publication), and AED 200,000 against each of four individuals, its founders and CEO, for marketing breaches. — vara.ae official

VASP Tracker, “OPNX: Dubai VARA Crypto Licence Status (UAE)”, https://vasptracker.com/en/ae/platforms/opnx/ (accessed 21 Oct 2026). CC BY 4.0.