VARA License Information

Information regarding the Backpack Exchange VARA license including license number, licensed activities and names of all responsible individuals.

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License Number

License No. VL/23/07/001

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Licensed Activities

Trek Labs Ltd FZE is licensed and regulated by the Dubai Virtual Assets Regulatory Authority (VARA) under an Exchange Services License. This authorises us to operate as a virtual asset exchange in the UAE and provide Spot Trading Services (i.e., trading virtual assets for immediate settlement). Our VARA license does not cover Futures or Margin Trading, and these services are therefore not available in the UAE.

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Names of All Responsible Individuals

Sherif Eid, Head of Compliance

Nicholas Ting, Head of Operations