Early indicators of crypto going mainstream in the MENA region
The hype of cryptocurrency is surreal and within a short period, it has seen major growth in the Middle East Region and taking major strides in the digital assets incorporating new regulatory measures issued by UAE Government.
Crypto is making its statement in every industry they step in from high-end luxury fashion, travel, art, and much more. The acceptance of digital currency is highly increasing. Also, diverse industries are adding crypto as a payment method and making a strong move that digital currency is going to stay and it is the future regardless of what everyone says.
The digital space is becoming bigger which easily draws the attention of crypto enthusiasts. These digital assets will retain more growth and with mandates coming in the UAE will cross the border and will be growing at a higher rate.
The Bit Oasis, the North Africa’s and the Middle East’s leading online crypto-asset trading platform is joining hands with the prominent and highly awaited entertainment event happening in the UAE which is Middle East Film & Comic Con and Tiesto Live in concert. The Grammy Award-winning DJ Tiesto performed in March at Coca-Cola Arena where bit oasis is coming as an event sponsor making one of the first collaborations between the regional crypto-asset exchange and mainstream music event.
BitOasis has a comprehensive tie-up with the comic con which is one of the largest pop culture festivals held at ADNEC halls in Abu Dhabi. The event was an incredible time to connect with a pool of celebrities for meet and greets, live performances, workshops, tournaments, and the list goes on.
These collaborations affected the digital space and crypto retained more traction and its growing popularity left an imprint in mainstream society, business, and entertainment. BitOasis aims to provide access to crypto to the masses and also ease crypto investing, by providing a secure way of buying, selling, and holding crypto to gain profits.
BitOasis has recently expanded its crypto offering by adding some of the largest crypto assets by market capitalization such as Cardano (ADA), Solana (SOL), Terra (LUNA), Polkadot (DOT), and Cosmos (ATOM). This is the most diversified crypto-asset exchange available.
This presents the opportunity for entrepreneurs to set up their business in the digital space in free zones with the help of FlyingColour Business Setup Services in Dubai. The events are indicating the potential crypto holders also the crypto is the future and it is capturing the attention in the UAE.
The businesses can build a proper foundation that educates people and also they should focus on building a user-friendly and all-inclusive financial system within the UAE that more people can relate to and it should be wider than the MENA region.
Also read: Proprietary Trading of Crypto Commodities in Dubai
Crypto and other blockchain technologies have high potential where they can easily transform the global trade and supply chains. These indicators will soon be presented at the DMCC Crypto center that will benefit the businesses in the long run.
