CoinMENA Receives License from The Central Bank of Bahrain

CoinMENA, a soon-to-launch cryptocurrency exchange headquartered in the Kingdom of Bahrain, recently announced that it has acquired a "Crypto Asset Services Company License – Category 2" from the Central Bank of Bahrain (CBB).

Meeting all of the operational, technical, and security requirements set forth by the authority, CoinMENA will become one of only a few fully licensed and operating digital assets exchanges worldwide.

The exchange will provide five major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH), allowing for the seamless deposit, trade, and withdrawal of digital assets in the users' local currency and offering the most competitive fees possible.

In addition, the exchange will also provide an "OTC Desk" offering, for sizable transactions, along with a dedicated relationship manager who will see every trade through to execution.

CoinMENA's Co-Founder and Managing Director, Dina Sam'an said:”Obtaining the license from the Central Bank of Bahrain allows us to operate under one of the most robust and globally-renowned digital assets regulatory frameworks where governance, security, and customer protection are central to all our operations. As CoinMENA grows, we will be providing access to additional digital assets and expanding the jurisdictions we operate in, with the view of becoming one of the leading digital assets exchanges on a global scale.”