MidChains

UAE Midchains will also provide trading of digital assets in the future

Miami International Holdings (MIH), the parent holding company of MIAX®, and UAE based MidChains, an upcoming virtual asset trading platform, has completed a follow-on equity investment in MidChains’ parent holding company, MEEG Holdings Limited. 

MidChains, virtual asset trading exchange and custodian based in Abu Dhabi, has closed its latest funding round with investments from Mubadala Capital, the asset management arm of Mubadala Investment Company; Miami International Holdings; the

In 2019, the Gulf region or GCC, particularly UAE, witnessed a flurry of announcements when it came to cryptocurrencies, crypto assets, regulations and the launching or preliminary  crypto asset exchange licenses in ADGM (Abu Dhabi Global Market)

Investors of digital assets are extremely optimistic that 2020 will see the emergence of a strong ecosystem in the UAE. The most recent one was Arabian Bourse (ABX), which received in-principal approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) as a crypto asset exchange and custodian.