What is the best crypto exchange in the UAE?

In the reviews below, we cover these key metrics in great detail with the view of helping you choose the best crypto exchange in the UAE. eToro – which was launched in 2007 and is now used by over 27 million people, is the overall best crypto exchange in the UAE.

Is cryptocurrencies legal in Dubai?

Yes, crypto investing is generally legal in the United Arab Emirates (UAE), but it is subject to certain restrictions and regulations. The UAE has been progressively open to blockchain technology and cryptocurrencies, with Dubai even aiming to become a blockchain-powered city by 2021.

Why are crypto companies based in Dubai?

Dubai is one of the world’s fastest-growing hubs for international trade, so it makes sense that it’s a big hub for crypto companies, too. It may not be immediately obvious, but some of the largest crypto companies in the world are now based here in this tiny emirate.

Who regulates cryptocurrency trading in the UAE?

Summary: In the United Arab Emirates (UAE), the buying and trading of Bitcoin, Ethereum, and other digital currencies are overseen by the Abu Dhabi Global Market Authority (ADGM). The regulatory framework in the UAE ensures a secure and well-structured environment for crypto investments.