Qatar opens its doors to CoinMENA Crypto exchange as a regulated exchange
CoinMENA Chief Operating Officer Dina Semaan announced today on twitter that CoinMENA crypto exchange is now serving clients in Qatar. This would be the first crypto exchange to officially announce that it is serving clients in Qatar. As per her tweet, “Starting from today, CoinMENA services are now being offered in Qatar, making us the first regulated crypto exchange to be offering services in Qatar.” She adds with this expansion we now offer CoinMENA services in six Arab countries, and we continue to achieve our goals of offering the simplest and easiest method for trading crypto.”
This comes after Qatar’s FIFA
2022 took on sponsors such as Crypto.com, one of the international crypto
exchanges globally. It also comes after FIFA signed up AlGorand Blockchain as a sponsor and
partner for their digitization plans in the sports and entertainment sector.
CoinMENA was first regulated in Bahrain, and then sought
regulation in UAE, and offers its services in KSA, Kuwait, Oman, and now Qatar
as a regulated entity.
In the press release CoinMENA confirms that it has become
the first regional digital assets exchange to offer its services in Qatar,
meaning that users across the Gulf state can now easily and safely invest in
cryptocurrencies for the first time.
Qatari citizens and residents can open accounts with
CoinMENA and have access to all the features the platform has to offer,
including connecting their bank accounts to their CoinMENA wallets, enabling
them to deposit and withdraw funds directly and safely within minutes.
Commenting in a joint statement, CoinMENA Co-Founders Dina
Sam’an and Talal Tabbaa said: “We are delighted to become the first crypto
exchange to offer our services in Qatar. Investors have been asking about our
plans to enter the country for some time now, so this news represents a major
milestone on our long-term geographic market expansion plans.”
The Bahrain-headquartered firm recently became the first
onshore licensed crypto exchange to introduce limit trading, enabling the
CoinMENA users to set the price at which they wish to buy and sell crypto.
Users in Qatar will also be able to utilize the recently added features
including withdrawing USDT via the TRON network for lower fees, and earning
bonus rewards when they invite their friends through CoinMENA’s referral
program.
“CoinMENA’s entry into Qatar is a huge step on our journey
to becoming the Middle East and North Africa (MENA) region’s preferred crypto
financial services company,” said Sam’an. “Our team is constantly striving to
onboard new countries and introduces new features to a wider audience.”
“We are immensely proud of everything we have achieved
during our first year of operations,” Tabbaa added. “However, we still have a
lot to achieve, which is why we will continue to work tirelessly to deliver the
best possible experience for our ever-expanding user base.”
Comments
Post a Comment