Abu Dhabi, United Arab Emirates, July 31, 2024, Chainwire
• M2 ADGM now accepts deposits and withdrawals from UAE bank accounts to purchase (BTC) and (ETH) with UAE Dirhams (AED)
• The modern integration with M2 ADGM, regulated by the Financial Services Regulatory Authority (FSRA) headquartered at ADGM, marks a significant milestone in the adoption of virtual assets in the region
M2 ADGM, a virtual asset custodian and multilateral trading venue regulated by the Financial Services Regulatory Authority (FSRA) and headquartered at ADGM, today announced a modern and simplified path for UAE residents to buy and sell Bitcoin (BTC) and Ethereum (ETH) via direct integration with their bank account.
This integration marks an critical milestone both for the broader availability of virtual assets in the region and for M2 ADGM as the companies work to expand their best-in-class product offerings in a rapidly changing environment.
This enables UAE residents to seamlessly and confidently convert United Arab Emirates Dirhams (AED) to BTC and ETH – and vice versa – via trading pairs listed on the M2 spot market. This allows users to capitalize on and quickly adapt to market changes at a key moment of growth in the virtual asset space, both in the UAE and globally.
M2 ADGM is regulated by the FSRA – headquartered at ADGM – considered one of the most tough virtual asset regulators in the world. This modern path, which leverages the strength and security of a tough banking infrastructure, is the latest milestone in M2 ADGM’s ongoing work to build trust and industry-leading compliance in providing both secure storage of virtual assets and the ability to trade Bitcoin (BTC) and Ethereum (ETH) using the UAE Dirham (AED).
Speaking about the addition, M2 CEO Stefan Kimmel said: “With this seamless integration, UAE residents can enjoy the familiarity of their existing and trusted banking services, combined with the cutting-edge security and usability of our platform – all within one of the strictest regulatory frameworks in the world, where consumer protection, technology, governance and fiduciary are paramount. This is a significant step for M2 ADGM as we work to expand our offering to the MENA region and reduce friction in how customers navigate between traditional finance and virtual assets.”
To learn more about the modern, secure and seamless M2 ADGM UAE bank account integration, enabling UAE residents to buy and sell virtual assets, users can visit https://www.m2.com/en_AE/.
About M2
Based in Abu Dhabi, M2’s mission is to promote the adoption of virtual assets in the UAE by providing investors with a protected and see-through trading environment. The platform provides investors with a growing set of virtual asset products while ensuring strict regulatory compliance. Regulated by the Financial Services Regulatory Authority (FSRA) headquartered in Abu Dhabi Global Market (ADGM), M2 Limited and M2 Custody Limited are committed to providing a protected trading experience while maintaining the highest standards of regulatory compliance.
contactJunior ConsultantJacob McGoldrickCW8 Communicationjacob@cw8-communications.com
