# VARA License Information Information regarding the Backpack Exchange VARA license including license number, licensed activities and names of all responsible individuals. ‍ **License Number** License No. VL/23/07/001 ‍ **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**. ‍ **Names of All Responsible Individuals** Sherif Eid, Head of Compliance Nicholas Ting, Head of Operations --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://support.backpack.exchange/legal/vara-disclosures/vara-license-information.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.