CoinMENA cryptocurrency exchange has received a license from the Bank of Bahrain and a Shariah Compliance Certificate from the Shariyah Review Bureau (SRB). This is stated in a press release.
The trading platform will operate in the Middle East and Africa, including Bahrain, UAE, Saudi Arabia, Kuwait and Oman.
“We plan to become one of the notable global players. To do this, we will expand the number of supported assets and jurisdictions, ”CoinMENA said.
After launch, CoinMENA users will have access to five cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). Also, the exchange will offer clients OTC trading services.
Recall that at the beginning of 2021, Bangladesh carried out the first blockchain transaction under Sharia law.
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