BurjX, a digital asset trading platform, has obtained a financial services permission from the Financial Services Regulatory Authority of Abu Dhabi (FSRA). This event marks a significant step towards establishing a well-regulated environment for cryptocurrencies in the region.
Obtaining FSRA License
BurjX has officially secured a license from the FSRA to conduct brokerage and custody activities. This makes it the first fully regulated platform in the UAE for trading digital assets, supporting over 100 tokens.
Unique Offerings of BurjX
BurjX is integrated with UAE banking systems, allowing users to instantly fund their accounts in dirhams and exchange them for digital assets. The platform also provides custodial services with a multi-layer security system and insurance.
The Future of BurjX and the UAE Cryptocurrency Market
The UAE's cryptocurrency market is expected to grow to $395.9 million by 2025, with the user base reaching 3.88 million by 2026. BurjX aims to position itself as a local leader in this growing market.
With the launch of BurjX in the UAE cryptocurrency market, a new economic environment is being created where local users can safely and effectively manage their digital assets.
