Bitcoin.com Opens First MENA Office in Dubai, Joins DMCC Crypto Centre

Bitcoin.com has made a significant move by establishing its first regional headquarters in Dubai, marking its official entry into the Middle East and North Africa (MENA) region. This strategic decision was announced on Monday, as the crypto services firm joined the DMCC Crypto Centre, the region’s largest hub for blockchain and Web3 companies. This development adds to the 3,200 tech companies and over 650 blockchain/Web3 businesses already operating within the DMCC.

The DMCC Crypto Centre is renowned for its comprehensive ecosystem, which includes business services, tokenization platforms, metaverse solutions, and DeFi projects built on blockchain and Web3 infrastructure. By setting up its regional office here, Bitcoin.com is not only strengthening Dubai’s global image as a crypto and innovation powerhouse but also positioning itself to leverage the centre’s extensive resources and network.

Belal Jassoma, Director of Ecosystem at DMCC, commented on the significance of Bitcoin.com’s decision, stating that it highlights the global appeal of the Crypto Centre and the vast opportunities that Dubai offers. He emphasized DMCC’s commitment to driving innovation, enabling collaboration, and connecting members to new markets, making it the ideal partner for Web3 companies aiming to thrive.

Corbin Fraser, CEO of Bitcoin.com, praised the UAE’s leadership in pioneering crypto solutions. He noted that the UAE’s clear and progressive regulations, fast-track licensing process, and genuine appetite for innovation have created one of the most welcoming environments in the world for Web3 companies. Fraser also highlighted DMCC’s world-class infrastructure and the strength and depth of its crypto ecosystem, expressing pride in establishing Bitcoin.com’s first MENA office in Dubai.

The United Arab Emirates has emerged as a global leader in cryptocurrency adoption, with 25.3% of its population now holding cryptocurrency. The region has seen a remarkable 210% growth in adoption and conducts over 186,000 crypto-related searches monthly. The UAE’s crypto readiness score is estimated at 98.4, further solidifying its position as a frontrunner in the crypto world. With Bitcoin.com joining the ecosystem, Dubai is poised to reach new heights in the crypto industry.

Bitcoin.com, known for its global leadership in crypto news, education, and self-custodial products, aims to leverage Dubai’s thriving digital economy. The company plans to contribute its global expertise to accelerate the growth of the regional crypto ecosystem. The DMCC Crypto Centre, located in Uptown Tower, is home to over 650 companies involved in various aspects of the blockchain and digital asset industry, including infrastructure providers, tokenization platforms, metaverse enablers, and major DeFi projects.

The centre offers comprehensive business services, mentorship, access to capital, and partnerships with global Web3 leaders. This strategic move by Bitcoin.com aligns with Dubai’s vision to become a global leader in digital assets and blockchain technology. The company’s presence in the DMCC Crypto Centre is expected to foster strong partnerships across the region, further enhancing Dubai’s position as a hub for innovation and technology. This move underscores Dubai’s commitment to creating a supportive environment for the growth and development of the crypto industry.