M2, a leading cryptocurrency exchange in the United Arab Emirates, has introduced a new service that enables the country’s residents to directly purchase and sell Bitcoin and Ether using their bank accounts.
According to a local report, users can now trade Bitcoin (BTC) and Ether (ETH) against the dirham through M2’s spot markets.
The M2 team reportedly highlighted that this integration allows for a more agile response to market fluctuations, offering an easy and efficient way for users to convert their traditional currency into digital assets.
“This development marks a significant milestone for M2 ADGM as we aim to broaden our services across the MENA region,”
stated Stefan Kimmel, CEO of M2.
“Our goal is to minimize the barriers between traditional finance and virtual assets, enabling our clients to navigate these domains with greater ease and security.”
Kimmel also emphasized that the new service aligns with the UAE’s stringent regulatory framework on digital assets, which is well-known for its robust consumer protection measures. According to the CEO, this regulatory oversight ensures that the exchange operates within one of the world’s most secure financial environments, providing peace of mind for users engaging in digital asset transactions.
M2’s recent introduction of direct crypto trading services in the UAE highlighted the growing demand for digital assets in the region. This expansion of offerings came on the heels of a notable partnership between Layer 1 blockchain firm Mantra and leading UAE real estate developer MAG. The two companies recently announced a collaboration to tokenize $500 million worth of real-world assets (RWA) and unlock unique investment opportunities in the Middle Eastern tokenized real estate market,
Mantra claimed the partnership was designed to leverage its secure, RWA-focused blockchain alongside MAG’s established position in the UAE’s real estate sector.
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