BitOasis executive: Crypto asset deals in Saudi Arabia top $20 billion in 2021

    Ali Alobaid, the managing director of trading platform BitOasis in Saudi Arabia, expects cryptocurrency use in the MENA region to grow fast over the next few years. He said the value of virtual asset transactions in the Kingdom was worth around $20 billion, with over 800,000 Saudis using digital currencies last year. This year, Ali…

    Binance is hiring over 100 positions in the UAE

    Binance, the largest crypto exchange by trading volume, is recruiting over 100 positions in the UAE and is helping to shape Dubai’s new virtual assets’ regulations, its MENA regional head said. As Reuters reported, Binance’s activity in the Gulf state has boosted in recent months as the UAE tries to style itself as the world’s…

    BitOasis introduces simplified crypto trading for beginners in the MENA region

    BitOasis, the prominent crypto asset trading platform in the MENA region, announced new features that make buying and selling crypto assets easier. The platform allows users to search for tokens they wish to buy or sell using their balance in AED or SAR. The swap feature on BitOasis Core will also help make crypto-to-crypto trading…

    Digitizing the real estate sector in the UAE

    Technological innovations in digital assets, blockchain, and NFTs are expected to transform the real estate assets in the MENA region making them more liquid, digital, and accessible for people who are unable to access them due to high capital costs, complicated transaction processes, and restricted deals. According to GB Invest February 2022 edition, the global…

    DeFi is reshaping the financial markets in the Gulf countries

    Decentralized exchanges, one of the largest contributors to DeFi growth, reported more than $1 trillion in trade volume over the last year. Many DeFi projects look towards the Gulf countries as a decentralized finance hub. One of the biggest contributors to the recent exponential growth of the crypto market was the decentralized finance (DeFi) sector,…

    Saudi Arabia ranked third among Arab crypto users

    Saudi citizens took third place in the Arab world in terms of cryptocurrency owners. Egypt ranked top by the number of crypto users, while Morocco ranked second. According to a study published by crypto analytics company TripleA, 453,000 Saudis in total own crypto assets, ranking third among the Arab countries, Saudi Gazette reported. Egypt ranked…