HashKey Group, a leading digital asset firm, announced the launch of the HashKey Global MENA exchange following the acquisition of a VASP license in Dubai.
HashKey Secures VASP License and Expands in MENA
HashKey Group launched the HashKey Global MENA exchange after securing a Virtual Asset Service Provider (VASP) license in Dubai on May 19. This development enhances institutional crypto transactions in the MENA region and strengthens Dubai's financial market capabilities.
Sherif Sanad, Country Manager, emphasized the platform's role as a secure gateway for institutional fiat-crypto transactions. "As a licensed platform, HashKey Global MENA embraces institutional needs by offering a regulated, secure gateway for fiat-crypto transactions. Our expansion in the region underscores our commitment to compliance, innovation, and serving MENA’s rapidly growing crypto economy."
Dubai Becomes a New Hub for Institutional Crypto Investing
The launch positions Dubai as a key hub for crypto, encouraging institutional investments. HashKey's regulated platform is poised to attract high-net-worth clients seeking compliant crypto solutions.
By enabling seamless crypto transactions, the firm strengthens its market position, contributing to a positive financial landscape and potentially boosting local crypto trading volumes.
UAE Reinforces Safe Haven Image for Cryptocurrency
The launch follows similar actions by exchanges like Binance, cementing the UAE's role as a safe haven for crypto amidst global regulatory challenges.
Given past successes in licensing, HashKey's move is expected to drive significant institutional engagement, influencing local market dynamics, and offering improved liquidity.
HashKey Group solidifies its position in the digital asset market in MENA by launching a new platform that promises safe and regulated crypto transactions for institutional investors.
