CoinMENA B.S.C., a prominent crypto asset platform licensed by the Central Bank of Bahrain, and its sister company CoinMENA FZE, licensed by the Dubai Virtual Asset Regulatory Authority (VARA), have proudly announced a partnership with Zodia Markets, a UK-based digital asset trading business backed by Standard Chartered.
The collaboration aims to offer CoinMENA users improved liquidity and reduced slippage on high-volume trades for G10 and GCC currencies against a curated list of stablecoins and crypto assets.
Zodia Markets is recognized for its industry-leading trading and operational infrastructure, ensuring prompt and efficient settlement. The company operates as a digital asset brokerage for institutional clients, facilitating seamless fiat-to-digital asset transactions across multiple currencies. CoinMENA, on the other hand, serves as a crypto asset platform catering to both retail and institutional investors, providing services such as buying, selling, sending, receiving, and storing digital assets securely.
The partnership leverages the strengths of both institutions. CoinMENA’s extensive network of retail and institutional clients across the MENA region, combined with Zodia Markets’ industry-leading capabilities, establishes a reliable and trusted gateway to digital assets.
In a joint statement, CoinMENA co-founders Talal Tabbaa and Dina Sam’an remarked: “This partnership comes at an opportune time as we are witnessing a significant surge in interest from retail and institutional investors. With Zodia Markets, we have significantly enhanced our service offering and can provide investors with more efficient avenues for entering and exiting the digital assets market, with minimal transaction costs and efficient settlement.”
Ayad Butt, Head of Sales and Trading Africa and Middle East at Zodia Markets, commented: “The AME region, particularly UAE and Bahrain, has seen remarkable growth over the past five years. Regulatory clarity, world-class infrastructure, access to capital, and a growing economy have attracted top talent and sophisticated capital for trading, investing, and innovating.”
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Ayad further emphasized, “The growth and increased adoption of digital assets in this ecosystem hinge on bridging traditional finance with digital assets. That’s precisely what the partnership between Zodia Markets and CoinMENA achieves. We’re excited about the efficiencies this partnership will create for trading in the region.”
