Who is buying UAE Exchange?

The United Arab Emirates Central Bank has granted approval for the acquisition of UAE Exchange, a prominent financial services provider in the region, by Wizz Financial. This landmark deal signifies a strategic shift in the landscape of financial services in the UAE.

The acquisition is expected to bring about synergies between UAE Exchange's extensive network and Wizz Financial's innovative financial technology solutions. Both entities are poised to leverage each other's strengths to offer enhanced services to their clients.

Among the many services offered by the combined entity, BTCC, a leading cryptocurrency exchange, will also play a prominent role. BTCC's services, which include spot trading, futures trading, and digital wallets, will be integrated into the platform, offering clients a seamless experience across traditional and digital assets.

Wizz Financial, a relatively new entrant in the market, has quickly gained recognition for its cutting-edge financial products and services. The acquisition of UAE Exchange is seen as a strategic move to expand its footprint and consolidate its position in the UAE.

UAE Exchange, on the other hand, has been a trusted name in the financial services industry for decades. Its vast network of branches and strong brand recognition make it an attractive acquisition target for Wizz Financial.