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UAE DMCC crypto center adds 130 crypto Blockchain entities

DMCC is looking to introduce the trading of cryptocurrencies such asBitcoin and Ethereum.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of UAE based DMCC, in a recent interview with Al Roeya newspaper announced an increase in the number of crypto and blockchain related entities who have registered at the crypto center. As he stated, “The number of companies that have registered at Crypto Center in DMCC reached 130 companies. Previously DMCC had announced that 900 crypto Blockkchain entities had signed up to register at Crypto Center.

He explained, “We have been able to attract a wide range of leading companies whether investment entities, FinTech and others. Some of the crypto blockchain Companies that have come on board include Binance crypto exchange, RAIN crypto Exchange, Evai, EHOLD, Revomon, Xfinie, EX Sports, Bonuz, Fractionvest, SingularityDAO,  VDO, ai, andYieldster

He reiterated, “The launch of the crypto center played a strong role in increasing the number of new companies at DMCC since early 2021. We added around 2000 companies in DMCC, making the total of companies in DMCC today 20,000.”

In October of 2021 CoinMENA digital asset exchange company licensed and regulated by the Central Bank of Bahrain entered into a Memorandum of Understanding (MoU) to develop a Crypto Asset and Blockchain Hub at Dubai World Trade Centre (DWTC).

Sulayem commented that the Crypto center at DMCC provides a holistic ecosystem that promotes business growth for companies in the domain of crypto, and blockchain. It also offers consultancy solutions in the encryption field through crypto Valley Labs.

Sulayem added as well that DMCC is studying the possibility of trading contracts of new currencies including the Brazilian Riyal, Mexican Peso, Turkish Lira, and Israeli Shekel. In addition DMCC is seekngto broaden its crypto license offerings as well as introduce the trading of Bitcoin and Ethereum.

Al Roeya Newspaper

Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region.

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