RATE Group | Al Zarooni Group and Crypto Bulls Launch UAE’s First Officially Registered Cryptocurrenc…
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Al Zarooni Group and Crypto Bulls Launch UAE’s First Officially Registered Cryptocurrenc…

02 Nov Al Zarooni Group and Crypto Bulls Launch UAE’s First Officially Registered Cryptocurrenc…

Posted at 01:22h in Cryptocurrency News by

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The Khaleej Times reported on Oct. 30th that Al Zarooni Group collaborated with Crypto Bulls exchange and Gulf Gold Coin (GCG) to launch United Arab Emirates’ first officially registered cryptocurrency exchange. Crypto Bulls Exchange (CBX) also becomes the first regulated exchange in the Gulf Cooperation Council (GCC) as the merger comes at the back of the new regulatory framework announced in September.

UAE’s First Registered Cryptocurrency Exchange

A memorandum of understanding (MOU) was signed by Suhail Al Zarooni, the chairman of Al Zarooni Foundation and the two co-founders of Crypto Bulls exchange, Sasha Gupta and Madhu.

CBX has provided its trading services to more than 200,000 global users since its founding in April. It is the first exchange to provide UAE dirham trading pairs. The platform has the iOS, Android, and web versions.

Gupta claims that he developed the platform because he wanted to make a significant contribution to the digital asset space. He was…

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