Tag: MENA

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, 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…

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…

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 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…

The Middle East and North Africa regions are relatively new to discovering crypto trading and blockchain technology, but adoption is underway. It seems that the adoption of these technologies by companies and the public in both the Middle East and North African regions is growing exponentially, especially with the acceptance of digital money trading and…