Nov 7, 2018
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Exchanges Roundup: First UAE-Based Exchange, LXDX to Launch Security Token Offering

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A partnership between Al Zarooni Group, Crypto Bulls and Gulf Coin Gold has fostered the launch of the first cryptocurrency exchange registered in the United Arab Emirates (UAE). In other news, LXDX has announced that it plans to conduct a $5.7 million fundraising round via a security token offering (STO), and BTCC has announced indefinite cessation of its mining pool.

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Crypto Bulls Exchange Launches First Registered Cryptocurrency Platform in UAE

A partnership between Al Zarooni Group, Crypto Bulls, and Gulf Coin Gold has yielded the launch of the first cryptocurrency exchange to be registered in the United Arab Emirates, Crypto Bulls Exchange.

Suhail Al Zarooni, the Chairman of Al Zarooni Foundation described the launch of the exchange as a “milestone for getting global investments opportunity from all over the Globe in UAE.”

Shasha Gupta, the chief executive officer and founder of Crypto Bulls Exchange, stated that “Crypto Bulls will be the first exchange providing AED trading pairs and traders would be able to convert their crypto assets into AED.”

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