CoinMENA and Zodia Markets Team Up to Boost Liquidity and Ease Digital Asset Trading

CoinMENA and Zodia Markets, licensed crypto asset platforms, announce a partnership to provide enhanced liquidity and reduced slippage on high-volume trades for MENA region investors. Zodia Markets' industry-leading trading infrastructure and CoinMENA's extensive network of clients combine to offer a reliable and trusted gateway to digital assets, facilitating efficient entry and exit from the market with minimal transaction costs and swift settlement.

CoinMENA and Zodia Markets Forge Partnership to Enhance Liquidity and Reduce Slippage in Digital Asset Trading

Dubai, UAE, April 22, 2024 - CoinMENA B.S.C., a leading 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 announced a strategic partnership with Zodia Markets, a UK-headquartered digital asset trading business backed by Standard Chartered.

This collaboration marks a significant milestone in the digital asset industry, providing CoinMENA users with enhanced liquidity and reduced slippage on high-volume trades involving G10 and GCC currencies against a curated list of stablecoins and crypto assets.

Zodia Markets is renowned for its industry-leading trading and operational infrastructure, ensuring timely and efficient settlement. As a digital asset brokerage for institutional clients, Zodia Markets provides a seamless avenue for fiat versus digital asset transactions across multiple currencies.

CoinMENA, on the other hand, is a trusted crypto asset platform where retail and institutional investors alike can safely buy, sell, send, receive, and store digital assets. The partnership seamlessly merges the strengths of both organizations, creating a reliable and robust gateway to digital assets.

Talal Tabbaa and Dina Sam'an, Co-founders of CoinMENA, expressed their enthusiasm for the partnership, stating, "This collaboration comes at an opportune moment as we witness a surge in interest from both retail and institutional investors. Through our partnership with Zodia Markets, we can substantially enhance our service offerings, providing investors with more efficient avenues for entering and exiting the digital asset market with minimal transaction costs and efficient settlement."

Ayad Butt, Head of Sales and Trading Africa and Middle East at Zodia Markets, highlighted the impressive evolution of the AME region, particularly in the United Arab Emirates and Bahrain. "Regulatory clarity, world-class infrastructure, access to capital, and a thriving economy have attracted the finest minds and the most sophisticated capital for trading, investing, and innovating," he said.

Butt 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 are excited by the efficiencies this partnership will create for trading in the region."

Both CoinMENA and Zodia Markets eagerly anticipate the transformative journey ahead, as their partnership reshapes the landscape of digital asset trading in the Middle East and North Africa (MENA) region.

About CoinMENA

Headquartered in the Kingdom of Bahrain, CoinMENA B.S.C. (C) operates under a crypto asset service provider license (category-3) issued by the Central Bank of Bahrain (CBB). Its sister company, CoinMENA FZE, holds a broker-dealer virtual asset service provider (VASP) license granted by the Dubai Virtual Assets Regulatory Authority (VARA), serving residents based in the United Arab Emirates.

CoinMENA's mission is to empower investors in the MENA region by providing access to crypto asset investment opportunities, enabling them to participate in the emerging digital economy. The platform offers a secure and user-friendly environment for buying, selling, sending, receiving, and storing digital assets, along with the convenience of depositing and withdrawing in local currency. With competitive fees, high liquidity, and a focus on education, CoinMENA strives to be the most trusted and accessible digital asset platform in the region. Visit www.coinmena.com for more information.

About Zodia Markets

Zodia Markets is an institutional digital asset trading business dedicated to bridging the gap between traditional finance and the unfamiliar world of digital assets. As the trusted trading partner for corporations and institutions, Zodia Markets provides a familiar and reliable platform for those seeking to enter the digital asset market without compromising the standards of traditional finance.

Backed by SC Ventures, the innovation and ventures unit of Standard Chartered, and OSL Group, Asia's leading digital asset company, Zodia Markets empowers its clients with the confidence and expertise to navigate the complex digital asset landscape. Visit www.zodiamarkets.com for more information.

Contact Details

Zeid Bataineh

+971563519469