Top 6 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 a 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) (FSRA)
2. 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
3. Rain
THE WHAT?
Rain is a Middle Eastern cryptocurrency exchange with its headquarters in Bahrain
The Bahraini Central Bank has granted us a license and regulates us (CBB)
Rain allows you to purchase, sell, and store bitcoin and other cryptocurrencies in a secure, compliant, and regulated environment
4. 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
5. 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
6. EasyCoins
THE WHAT?
EasyCoins is an Oman-based non-custodial cryptocurrency exchange
The platform supports transactions in the Omani riyal
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.
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