Bitay Continues to Grow its Presence in UAE, Capitalizing on Cryptocurrency Boom

    Turkish cryptocurrency exchange powerhouse has made a significant move by extending its services to crypto investors in the United Arab Emirates (UAE). Established in 2018, is a leading crypto exchange offering a diverse range of services and trading options for crypto enthusiasts across the globe.

    With a comprehensive array of over 850 pairs and more than 350 cryptocurrencies, the exchange facilitates trading using over 20 local currencies. This expansion enables to cater to crypto investors in over 200 countries, including the UAE, tapping into a burgeoning market of tech-savvy and crypto-inclined individuals.

    The UAE’s recognition as a top contender in the Crypto Adoption Index by Henley & Partners underscores the rapid growth and acceptance of cryptocurrencies within the region. Bolstered by forward-thinking regulatory frameworks introduced last year, the UAE is steadily transforming into a global cryptocurrency hub.

    Niyazi Yılmaz, General Manager at Bitay, stated, “The technology and infrastructure investments phase is largely complete, and we have the range of products in place that our crypto investors demand of us.” not only serves as a cryptocurrency exchange but offers a comprehensive suite of products and services for investors looking to diversify their portfolios.

    Bitay Portfolio Tokens curated by expert analysts cater to those seeking diversified crypto investments. The Bitay+ loyalty program facilitates commission-free crypto investments and passive income through stake earnings of up to 10%. Moreover, Bitay Wallet provides enhanced personal privacy with non-KYC membership, transparency in OTC transactions, and secure asset storage services, including SWAP and BRIDGE opportunities for over 350 crypto assets.

    In a bid to engage and reward UAE investors, is introducing the opportunity to trade with Bitay Coin, a digital asset that has witnessed an impressive surge of over 230% despite challenging market conditions.

    Bünyamin Turgut, Bitay’s Marketing Director, emphasized the notable performance of Bitay Coin compared to fiat currencies, renowned tokens, and multiple stock exchanges throughout the year. He highlighted, “In keeping with our community-oriented approach, we’re awarding 50 Bitay Coins to all UAE investors who join Bitay.”

    Adding to the excitement, Turgut announced a limited-time ‘Advantageous Second Sales’ campaign to celebrate the first anniversary of Bitay Coin and mark the entry into the UAE market. UAE investors can avail Bitay Coin at up to a 25% discount off the market rate, with the added advantage of a locked-in return of up to 30% on their USDT investment. This initiative further underscores’s commitment to fostering a thriving crypto community in the UAE.

    With making inroads into the UAE’s burgeoning crypto landscape, the cryptocurrency sector in the region is poised for significant growth and innovation in the coming months.

    Read Also: India and UAE team up to drive FinTech and CBDC innovation

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