UAE-regulated crypto exchange, Crypto.com, has announced on X that it has rolled out AED Cash Accounts for users in the UAE.
The exchange is offering customers the ability to link bank accounts in minutes without having to upload documents manually, and with no deposit fees. The new service will make it easier for users in the UAE to fund their accounts and participate in crypto trading without delays, using automated verification. As per the announcement, both retail investors and institutional investors will be able to quickly enter the crypto market.
Crypto.com offers fast transfers
Crypto.com is also ensuring fast transfers, which add another layer of convenience. The exchange competes with bank transfers, which take days to clear transactions. Moreover, UAE users will be able to access funds almost instantly.
This is not the first time Crypto.com has made such an announcement. In August of 2024, it announced it would be launching its global retail services across 90 countries out of Dubai, UAE. The crypto exchange partnered with Standard Chartered Bank to allow the deposit and withdrawal of crypto and fiat easily.
Crypto.com in the UAE has been working to integrate its offering across the board. The crypto exchange signed deals with Emarat Energy, Dubai Land Department, and Emirates Airlines to allow its customers to make crypto payments using the exchange’s services. Whether it’s trading or payments, the exchange is trying to spread its wings within the UAE.
Earlier this year, Crypto.com appointed Mohammed Al Hakim, a UAE national, as president of its UAE operation for the company’s growth and diversity in the region.
Crypto.com is strongly moving forward in the UAE market, as it has done in the USA. The competition between crypto exchanges in the UAE is intensifying, with each one trying to offer unique services, with some partnering with banks to offer crypto trading rails embedded within the bank’s offering, like the deal between RAK Bank and BitPanda.
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Source: https://www.cryptopolitan.com/crypto-com-aed-account-access-uae/
