CoinMENA is a licensed crypto-assets trading platform that allows users to buy, sell, and store digital assets using local currencies across the MENA region. The platform addresses the need for secure and efficient transactions by offering features like spot and limit orders, fast deposits and withdrawals, and dedicated over-the-counter trading services.
Funding
$9.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ARABBVGC+1Founders
Product
Problem
In the MENA region, access to secure and regulated platforms for buying, selling, and storing digital assets using local currencies is limited. Users often face challenges related to inefficient transaction processes and a lack of dedicated support for large-volume trades.
Solution
CoinMENA provides a licensed crypto-asset trading platform that enables users in the MENA region to securely buy, sell, and store digital assets using their local currencies. The platform supports spot and limit orders, facilitating immediate transactions at market prices or automated execution at a user-defined price. CoinMENA also offers fast deposit and withdrawal options via bank transfer or credit/debit card, along with dedicated over-the-counter (OTC) trading services for sizable transactions, including a dedicated account manager and preferential pricing.
Target Audience
CoinMENA primarily targets individuals and institutions in the MENA region seeking a secure and regulated platform to trade digital assets using local currencies.
Features
- Supports trading in multiple local currencies including BHD, AED, SAR, USD, KWD, OMR, QAR, and EGP.
- Offers spot orders for immediate buying and selling at current market prices.
- Provides limit orders that execute automatically when the market price matches the user-defined price.
- Facilitates fast deposits and withdrawals via bank transfer or credit/debit card.
- Includes dedicated over-the-counter (OTC) trading services for large transactions with a dedicated account manager.
- Provides 24/7 bilingual customer support through multiple channels.