Top 7 Crypto Exchanges for the Middle East Region
- BitOasis
THE WHAT?
- BitOasis is a cryptocurrency exchange based in the United Arab Emirates
- In October of this year, the platform raised $30 million in Series B financing to fund regional expansion as well as licensing and regulatory obligations
- BitOasis allows users to trade over 20 cryptocurrencies and fiat pairs in the UAE dirham and Saudi Riyal
- The Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority has granted BitOasis a Financial Services Permission (FSP)
2. eToro
THE WHAT?
- eToro offers traders of all skill levels a thorough crypto trading experience on a robust yet user-friendly platform
- To automatically protect your investments, set “Stop Loss” and “Take Profit” parameters that correspond to your strategy
- With $100,000 in a virtual portfolio, test out all the features on eToro’s trading platform risk-free
- To ensure seamless usability of your digital assets, you can quickly transfer the cryptocurrency you invest in on the eToro trading platform to the eToro wallet at any time
3. CoinMENA
THE WHAT?
- CoinMENA is a cryptocurrency exchange based in Bahrain
- The Sharia-compliant digital asset trading platform just raised US$9.5 million in its first seed fundraising round in order to expand across the Middle East and North Africa (MENA)
- The Central Bank of Bahrain (CBB) has fully licensed and regulated CoinMENA as a digital asset operator
- The platform is currently enabled for trading in local currencies in Bahrain, the United Arab Emirates, Saudi Arabia, Oman, and Kuwait
5. Matrix
THE WHAT?
- Matrix is a cryptocurrency exchange situated in Abu Dhabi
- The company offers custodial services and allows crypto deals to be traded and settled in US dollars
- Matrix is a multilateral trading facility and custodian regulated by the FSRA in Abu Dhabi
- The site was launched in August of this year as the first FSRA-licensed and regulated crypto exchange in the UAE
6. NakitCoins
THE WHAT?
- NakitCoins is a non-custodial crypto exchange based in Turkey that allows users to trade crypto in US dollars
- NakitCoins is a cryptocurrency storage, trading, and credit card buying platform that also provides payment gateway services
- NakitCoins is a decentralized online exchange that also serves as a physical crypto exchange
- They have four locations throughout Turkey that serve as crypto exchanges
- At these places, users can buy and trade cryptocurrency for cash
7. EasyCoins
THE WHAT?
- EasyCoins is an Oman-based non-custodial cryptocurrency exchange
- Transactions in the Omani riyal are supported by the platform
- To process buy and sell orders, the exchange connects to users’ personal wallets
- EasyCoins also allows users to exchange cryptocurrency through UniSwap, a decentralized finance platform
DISCLOSURE:
None of these articles constitutes financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.
Please note that the tech industry evolves rapidly and the info in this article is correct at the time of publishing. As Heraclitus said, “Change is the only constant”, so if anything sounds old or off please holler on the socials or comment here so everyone stays peeled.
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