29 Aug '14, 2pm

UAE’s First Bitcoin Exchange Launches in Dubai

UAE’s First Bitcoin Exchange Launches in Dubai

Multinational bitcoin exchange igot will today launch the first bitcoin exchange in the United Arab Emirates (UAE), to capitalize on the unique opportunity posed by the market. The Australia-based company’s founder Rick Day told CoinDesk the new exchange will operate with a Commercial Brokerage License, approved by the local government. It has also secured local banking partners for direct deposits and withdrawals in UAE dirhams (AED). Igot has hired a small team for business development and customer support for its Dubai office. Key features Day added that igot will continue to offer the same flat 1% trading fee to all its customers worldwide, with no additional fees for deposits or withdrawals in either bitcoin or fiat currencies. The exchange is aimed more at consumers than professional traders, with a simple buy-sell interface. However, it recently implemented a featur...

Full article: http://www.coindesk.com/uae-first-bitcoin-exchange-dubai/

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igot Launches Dubai’s First Bitcoin Exchange

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